Market seems quiet, but trades are relatively large.

Hansapank closed at 90 EEK (-1.64%) on Tuesday. It was traded quite actively again, despite low trading volumes for other shares. The results of the banks in November may bring some fresh money into the market, although holidays are coming. Actually Hansapank was traded in a very narrow range between 90-91 EEK on Tuesday. The average price of the trades amounted to 90.31 EEK. 213,000 shares were traded. Uhispank, Norma and Telekom had lower volumes, but those few orders had more impact on the prices than heavy volumes for Hansapank_s share price. Surprisingly, Norma was able to rise and closed at 34.90 EEK (+1.75%). Uhispank closed at 21.50 EEK (-0.92%). If we take a look at the price changes in December, then only Telekom (+12%) and Uhispank (+1%) have risen in the last 2 weeks. Hansapank is down over 3%, Norma is down 2.5% and Optiva Bank is down 4% during the same period. Hansapank_s and Norma_s weakness can be explained by the interest of international investors to close their positons before the end of the year. At least those investors haven_t been so active buyers lately. On the secondary list only 13 trades were done in the value of 1.44m EEK. Saku Brewery (4 trades) remained stable at 50 EEK. Baltika (garment producer) had one large trade with 50,000 shares (more than 1% of the company) at 14.15 EEK. It was 1.07% up from the previous closing.