Riga - The general slide in Baltic stock prices continued Monday with the Baltic Benchmark Index (BBI), which includes data from the three exchanges in Tallinn, Riga and Vilnius, closing 1.91 per cent down at 279.61.

The NASDAQ OMX Tallinn exchange in Estonia was down 2.83 per cent, the Vilnius exchange in Lithuania was down 1.29 per cent and the Riga exchange in Latvia unexpectedly managed to scrabble into positive territory with a 1.17 per cent rise.

The biggest loser of the day was Lithuanian agriculture giant Agrowill, down more than 12 per cent.

But with the nationalization of Latvian bank Parex dominating the business headlines in all three Baltic states, investors seemed to lose faith in local banks in general.

As a result Lithuanian bank Snoras was the biggest financial loser, shedding more than 11 per cent of its value, with Lithuanian-Scandinavian owned DnB NORD recording a similar-sized loss.

Among other regional banks, Lithuanian duo Ukio Bankas and Siauliu Bankas were both down, as was Latvian bank Krajbanka. (dpa)