Macedonian bourse turnover soars 232% m/m in March

By bne IntelliNews April 10, 2019

The turnover on the Macedonian Stock Exchange (MSE) soared 232% m/m to MKD995.5mn (€16.2mn) in March, after plunging 38.8% m/m a month earlier, MSE data indicated on April 10.

The rise was due to the much higher turnover in block transactions. In March, regular trading turnover on the MSE rose by 7.2% m/m to MKD292.4mn, while block transactions soared to MKD395.6mn from MKD26.7mn in the previous month.

However, the number of bourse transactions went down by 10% m/m to 1,396 in the third month of the year.

The market capitalisation of the shares traded on the MSE was MKD167.4bn, down 1.8% m/m. The market capitalisation of listed debt securities edged up 0.2% m/m to MKD3.43bn.

The blue chip equity index, MBI10, ticked up 0.3% m/m to a value of 3,664.66 points at end-March.

There were 104 listed companies on the MSE at the end of March, one less than in February. Tobacco company Strumica tabak was delisted in March.

The most traded company on the official market remained Komercijalna Banka, with a total turnover of MKD97.5mn. The average price of the bank’s shares was MKD5,671.68.

In 2018, the turnover on the Macedonian Stock Exchange (MSE) jumped 119.8% y/y to MKD10.4bn.

Related Articles

OSCE says presidential vote in North Macedonia well run but reforms to electoral code needed

The OSCE said on May 6 that the second round of the presidential election in North Macedonia was calm and well run, but shortfalls in the legal framework continued to be a concern. Stevo ... more

Serbia, North Macedonia eye stake in Bulgaria’s Belene NPP

Serbia and North Macedonia have shown interest in getting stakes in Bulgaria’s planned second nuclear power plant, Belene, Deputy Prime Minister Tomislav Donchev said on March 5. The Bulgarian ... more

Macedonia officially changes its name to North Macedonia

The Macedonian government announced on February 12 that Macedonia is officially renamed North Macedonia under the name deal with Greece that solved the long-standing dispute and opens the way ... more

Dismiss