First 6 months see BSE trading halved

The value of trade on the Belgrade Stock Exchange was at RSD 47.1bn in the first half of 2008.

Izvor: Tanjug

Wednesday, 16.07.2008.

15:11

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The value of trade on the Belgrade Stock Exchange was at RSD 47.1bn in the first half of 2008. The figure, equal to some EUR 575mn, represents a reduction of 52 percent against the corresponding period of last year, Belgrade Stock Exchange (BSE) Director Gordana Dostanic revealed on Tuesday. First 6 months see BSE trading halved Speaking about the six-month results, Dostanic said the drop in the trade volume and the value of the indexes was characteristic for the stock exchanges in the region, and that it "cannot be directly linked to political instability in Serbia", but primarily to a global crisis present in the financial markets and which consequently also affects the markets of the countries in transition. Politics is only one segment that affects investors' decisions, Dostanic added. Regarding the indexes, it has been observed that the BSE benchmarks lost the least of their value compared to regional markets, she said. The BELEX15 index of most liquid shares recorded a drop in value of 23.09 percent at the end of the second quarter of 2008, while on the other hand, Slovenia's SB120 dropped 30.71 percent, Croatia's CROBEX 31.52, and Bulgaria's SOFIX 34.72 percent.

First 6 months see BSE trading halved

Speaking about the six-month results, Dostanić said the drop in the trade volume and the value of the indexes was characteristic for the stock exchanges in the region, and that it "cannot be directly linked to political instability in Serbia", but primarily to a global crisis present in the financial markets and which consequently also affects the markets of the countries in transition.

Politics is only one segment that affects investors' decisions, Dostanić added.

Regarding the indexes, it has been observed that the BSE benchmarks lost the least of their value compared to regional markets, she said.

The BELEX15 index of most liquid shares recorded a drop in value of 23.09 percent at the end of the second quarter of 2008, while on the other hand, Slovenia's SB120 dropped 30.71 percent, Croatia's CROBEX 31.52, and Bulgaria's SOFIX 34.72 percent.

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