Very similarly to the year before, also 2003 has been a record year - on December 5, the SBI20 Index reached its record high at 4,034.53 points, while the PIX and IPT Indices registered their record-breaking results within the final trading days of the year. The IPT Index reached to 3,412.17 points on 30 December, while the PIX Index listed its record high on 29 December, at 3,374.22 points.
On 4 December 2003, the Stock Exchange registered the highest number of daily transactions of the year - 2,273. January and December have been the most prominent months in 2003 as regards the highest daily and monthly turnover results; in December, the total monthly turnover equalled SIT 42.2 billion while in the beginning of the year the best daily turnover of SIT 5.58 billion was recorded, on 27 January. The total turnover of the Ljubljana Stock Exchange in 2003 amounted to SIT 340.2 billion, or 29 percent less that in 2002 (with the total of SIT 446 billion).
The market capitalisation as at 31 December 2003 was SIT 2,442 billion, and has grown by 12.3% in comparison to that of the end of 2002 (at SIT 2,174 billion). The increase was predominantly due to the rise in the market capitalisation of bonds and the increase of prices of securities. The net effect of new admissions and exclusions following the takeover procedures (Lek, Banka Koper) has resulted in the negative (of SIT 91 billion, without the effects of the investment funds' reorganisation included).
The market capitalisation of all shares traded, without the investment funds (SIT 1,339.7 billion) represented 25.35% of the GDP in 2002, on 31 December 2003.
The Ljubljana Stock Exchange continued its strategy of co-operation with other Stock Exchanges of the western and south-eastern Europe; after the successful implementation of its BTS electronic trading system on the Exchanges in regions of the former Yugoslavia, in October also a new Internet portal was launched - SEM-ON.NET, with the Stock Exchanges and securities of seven south-eastern European countries participating.
In the future, the Ljubljana Stock Exchange anticipates
- more consistent tax policy,
- prompt adoption of a novel to the existing Securities Market Act,
- strategic alliances with the Stock Exchanges in the Western Europe,
- continued efforts to be invested into development of the primary market, and
- continuation of co-operation with the Stock Exchanges of south-eastern Europe, with special emphasis on those in the regions of the former Yugoslavia.