VILNIUS — On the back of the EU-IMF €750 billion bailout for Greece’s debt crisis, the Nasdaq OMX Baltic has rallied by the biggest margin seen for seven months.

Greece’s huge debt problem has rattled investors in Europe with the euro dropping rapidly against the U.S. dollar.

Turnover rises between 5 and 7 percent were seen overnight while the main Vilnius exchange index rose by 3.29 percent on Monday, the biggest jump in [private_supervisor]seven months. The Tallinn exchange rose 3.72 percent and Riga rose by 3.29 percent.

By comparison, the main European stock market index Stoxx Europe 600 saw Lithuania rise by 6.20 percent.

Financial broker Dalius Gerulaitis of Orion Securities told Verslo Žinios that the optimism of the Baltic exchange was fueled by news that the 16 eurozone countries agreed on the €750 billion bailout on the weekend. The markets also calmed when the European Central Bank said they would pitch in.

“It’s funny that all the enthusiasm, which is the result of the negotiated €750 billion aid loan, left a result in our stocks. It is obvious that the market is not so much [making decisions based on] individual news, but on the weekend’s agreement,” Gerulaitis said.

Lithuania, Latvia and Estonia all link their currencies to the euro through currency board agreements where they keep the exchange rate steady by buying and selling reserves of foreign currency.

The highest turnover in the Vilnius Stock Exchange was seen by Apranga, Ūkio Bankas and City Service shares, which rose by 5-7 percent, while turnover companies ranged between 200,000 and 800,000 litai (€57,970-€232,000).

The largest share price increase was a 7.94 percent jump to, to 3.40 litai for Vilkyškių Pieninė’s shares with a turnover of 62,000 litai (€17,000). Vilkyškių Pieninė group reported that in April it had 17.9 million litai (€5.1 million) in revenue. Its annual growth was 48 percent. [/private_supervisor] [private_subscription 1 month]seven months. The Tallinn exchange rose 3.72 percent and Riga rose by 3.29 percent.

By comparison, the main European stock market index Stoxx Europe 600 saw Lithuania rise by 6.20 percent.

Financial broker Dalius Gerulaitis of Orion Securities told Verslo Žinios that the optimism of the Baltic exchange was fueled by news that the 16 eurozone countries agreed on the €750 billion bailout on the weekend. The markets also calmed when the European Central Bank said they would pitch in.

“It’s funny that all the enthusiasm, which is the result of the negotiated €750 billion aid loan, left a result in our stocks. It is obvious that the market is not so much [making decisions based on] individual news, but on the weekend’s agreement,” Gerulaitis said.

Lithuania, Latvia and Estonia all link their currencies to the euro through currency board agreements where they keep the exchange rate steady by buying and selling reserves of foreign currency.

The highest turnover in the Vilnius Stock Exchange was seen by Apranga, Ūkio Bankas and City Service shares, which rose by 5-7 percent, while turnover companies ranged between 200,000 and 800,000 litai (€57,970-€232,000).

The largest share price increase was a 7.94 percent jump to, to 3.40 litai for Vilkyškių Pieninė’s shares with a turnover of 62,000 litai (€17,000). Vilkyškių Pieninė group reported that in April it had 17.9 million litai (€5.1 million) in revenue. Its annual growth was 48 percent. [/private_subscription 1 month] [private_subscription 4 months]seven months. The Tallinn exchange rose 3.72 percent and Riga rose by 3.29 percent.

By comparison, the main European stock market index Stoxx Europe 600 saw Lithuania rise by 6.20 percent.

Financial broker Dalius Gerulaitis of Orion Securities told Verslo Žinios that the optimism of the Baltic exchange was fueled by news that the 16 eurozone countries agreed on the €750 billion bailout on the weekend. The markets also calmed when the European Central Bank said they would pitch in.

“It’s funny that all the enthusiasm, which is the result of the negotiated €750 billion aid loan, left a result in our stocks. It is obvious that the market is not so much [making decisions based on] individual news, but on the weekend’s agreement,” Gerulaitis said.

Lithuania, Latvia and Estonia all link their currencies to the euro through currency board agreements where they keep the exchange rate steady by buying and selling reserves of foreign currency.

The highest turnover in the Vilnius Stock Exchange was seen by Apranga, Ūkio Bankas and City Service shares, which rose by 5-7 percent, while turnover companies ranged between 200,000 and 800,000 litai (€57,970-€232,000).

The largest share price increase was a 7.94 percent jump to, to 3.40 litai for Vilkyškių Pieninė’s shares with a turnover of 62,000 litai (€17,000). Vilkyškių Pieninė group reported that in April it had 17.9 million litai (€5.1 million) in revenue. Its annual growth was 48 percent. [/private_subscription 4 months] [private_subscription 1 year]seven months. The Tallinn exchange rose 3.72 percent and Riga rose by 3.29 percent.

By comparison, the main European stock market index Stoxx Europe 600 saw Lithuania rise by 6.20 percent.

Financial broker Dalius Gerulaitis of Orion Securities told Verslo Žinios that the optimism of the Baltic exchange was fueled by news that the 16 eurozone countries agreed on the €750 billion bailout on the weekend. The markets also calmed when the European Central Bank said they would pitch in.

“It’s funny that all the enthusiasm, which is the result of the negotiated €750 billion aid loan, left a result in our stocks. It is obvious that the market is not so much [making decisions based on] individual news, but on the weekend’s agreement,” Gerulaitis said.

Lithuania, Latvia and Estonia all link their currencies to the euro through currency board agreements where they keep the exchange rate steady by buying and selling reserves of foreign currency.

The highest turnover in the Vilnius Stock Exchange was seen by Apranga, Ūkio Bankas and City Service shares, which rose by 5-7 percent, while turnover companies ranged between 200,000 and 800,000 litai (€57,970-€232,000).

The largest share price increase was a 7.94 percent jump to, to 3.40 litai for Vilkyškių Pieninė’s shares with a turnover of 62,000 litai (€17,000). Vilkyškių Pieninė group reported that in April it had 17.9 million litai (€5.1 million) in revenue. Its annual growth was 48 percent. [/private_subscription 1 year]

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