In March 2000, the share of turnover of different types of securities in the total turnover, on all three segments of the Ljubljana Stock Exchange, was as follows: shares accounted for 55.90% (in February 49.44% and in March 1999 76.39%), bonds reached 20.73% (vs. 34.58% in February and 6.7% a year ago), short-term securities 0% (vs. 2.7% in the previous month and 3.3% a year ago) and shares of investment funds made up 22.89% of the total turnover (vs. 14.33% in the previous month and 13.6% in March 1999).
Turnover of pension coupons accounted for 0.47% or SIT 132 million (vs. 0.85% one month ago). The share of the official market in the total turnover in February was 54.88% vs. 50.23% in February. The average number of transactions per day in March was 2,137 or 49,159 transactions in twenty-three trading days (in February the daily average of transactions was 2,132 and 1,760 in the years 1999). The number of shares of companies traded was 3,298,833. The average daily turnover was SIT 1.2 billion vs. SIT 1.1 billion in February and the SIT 1 billion average in 1999.
The most traded shares on the official market of the Exchange were Petrol, Mercator, Banka Koper, Lek A and Pivovarna Laško. The most traded bonds in March were bonds of the Republic of Slovenia 9th issue, bonds of the Slovene Compensation Fund 2nd issue, bonds of the Republic of Slovenia 15th issue class E, bonds of the Republic of Slovenia 10th issue and bonds of RS 12th issue. The most traded shares of PIDs were Mercata 1, Infond Zlat, Triglav Steber 1, NFD 1 and Mercata.
In March 2000, the ten most active Exchange members concluded 67.16% of the total turnover (vs. 63.8% in February). The most active members concluded 67.16% of the total turnover (vs. 63.8% in February). The most active members were Nova Ljubljanska banka (9.04%), brokerage house Ilirika (8.92%). Slovenska zadruñna kmetijska banka (8.45%), brokerage houses Perspektiva (8.4%) and Publikum (6.75%).
In March 2000, 129 block trades (87 in February and 60 in March 1999) were reported by the Exchange members, with a total value of SIT 17.3 billion (SIT 11.4 billion in January and SIT 6.7 billion in March 1999). The value of block trades represented 61.65% of the total turnover in March 2000 (vs. 52.3% in February and much above the 1999 average of 49.1%). In the first quarter of 2000, 308 block trades were reported with the value of SIT 38.8 billion - 55% of the total turnover in the period concerned.
After the decline of the Slovenian Stock Exchange Index (SBI) by 6.82% in February 2000, its negative trend continued in March and it decreased further by 2.4%, from 1,771.81 points at the end of February to 1,729.28 points at the end of March. The value of the index SBI one year ago was 1,804.12 points and it gave an annual negative nominal yield of 4.15%.
The SBI Index increased over eleven trading days of March and declined over the other twelve. The SBI was at its highest level of the month on 3 March at the value of 1,775.41 points, and at the lowest level on 30 March at 1,726.02 points.
The SBI Index was traded at the low volatility during the whole month. All daily changes of the index value were below 1 percentage point. The biggest drop in value was recorded on 30 March - by 0.85%.
The spread between the minimum and maximum value of the SBI index narrowed substantially in March, to only 49.39 points from the February and January levels of 129.71 points and 109 points respectively.
In March 2000 the movements of the Index of Authorised Investment Funds (PIX) followed, or better, led the trend of the SBI index. Its decline was even faster and more severe - as much as 8.57% in only one month. The PIX was at its highest level of 1,392.6 points on the first trading day of the month. Afterwards the index was in decline during the whole month - the index increased over seven trading days of March only. The index dropped below 1,300 points on 28 March and it was closed on the last trading day of March at as low as 1,273.30 points. One year ago the value of PIX was 1,041.89 points. In March the spread between the minimum and maximum value of the index was 120.29 points vs. 133 points in February and 108 points in January.
The Stock Exchange Bond Index (BIO) started trading in March at the value of 106.43 points and its value was increasing gradually to 106.84 until 13 March. This was its highest value in March. After the descent to 106.47 points on 14 March the value of BIO remained unchanged until 22 March. It declined to the lowest level of 106.01 points to 29 March. The index ended the month at 106.22 points. One year ago its value was 106.18 points.
The total market capitalisation of securities traded on the Exchange (including shares of investment companies) on 31 March 2000 amounted to SIT 1,031.3 billion. It decreased by 1.54% from its level of SIT 1,015.7 billion on 29 February. Compared to 31 March 1999 (SIT 761.2 billion), the market capitalisation of all securities on the Exchange increased by 35.5%. The market capitalisation of listed shares increased from SIT 429.3 billion to SIT 495.7 billion or by 15.5% over the past year. The capitalisation of shares on the free market increased in the same period by 43%. At the end of March 2000, the market capitalisation of all shares traded on the Exchange (official and free markets) (SIT 631.1 billion) made up 19.42% (vs. 18.79%) in February and 18.04% of GDP one year ago) of GDP in the year 1998 - SIT 3,249 billion (USD 19.6 billion) at current prices. Market capitalisation of forty-six investment funds decreased in March from SIT 159.3 billion to SIT 144.7 billion or as much as 9.17% and 16.45% from the end of January.
