In May 2000, the share of turnover of different types of securities in the total turnover, on all three segments o the Ljubljana Stock Exchange, was as follows: shares accounted or 44.38% (in April 47.15% and in May 1999 68.38%), bonds reached 24.26% (vs.34.32% in April and 10.37%a year ago), short-term securities 0%(vs.1.53%in the previous month and 1.37%a year ago) and shares of investment funds made up 31.30% of the total turnover (vs.16.27% in the previous month and 19.88% in May 1999).Turnover of pension coupons accounted for 1.05% or SIT 160 million (vs.0.72% one month ago).The share of the official market in the total turnover in May was 49.06% vs.the April figure of 58.43%. The average number of transactions per day in May was 1,493 or 31,373 transactions in twenty-one trading days (in April the daily average of transactions was 1,727 and 1,760 in the year 1999).The number of shares of companies traded was 1,574,320. The average daily turnover was 722 million vs.SIT 932 million in April and SIT 1 billion average in 1999.
The most traded shares on the Exchange market were Mercator,Krka,Sava, Gorenje and Luka Koper.Those five issues represented 17.74%o the total turnover of the Exchange and 40.9% of the turnover of shares. The most traded bonds in May were bonds of the Republic of Slovenia 9th issue,bonds of the Compensation Fund of RS, bonds of SKB banka 4th issue, bonds of the RS 18th and 16th issue class E. The most traded shares of PIDs were Atena Ena,Dva and Tri,Mercata and Infond Zlat. In May 2000, the ten most active Exchange members concluded 61.08%o the total turnover (vs.65.14%in April).The most active members were Certius BPH (10.73%), Nova Ljubljanska banka (7.47%),Perspektiva (6.65%),Ilirika BPH (5.95%)and Publi-kum (5.79%).
In May 2000 84 block trades (85 in April and 59 in May1999) were reported by the Exchange members, with a total value of SIT 7.68 billion (SIT 9.76 billion in April and SIT 5.1 billion in May 1999).The value of block trades represented 50.62% of the total turnover in May 2000 (vs.55%in April and almost at the same level as the same level as the1999 average of 49.1%).In the five months of 2000, 477 block trades were reported with the value of SIT 56.22 billion -54.86%o the total turnover in the period concerned.
After a decline of over 10%in the period from February until April 2000,the negative trend of the index SBI continued also in May at an even faster pace. It declined by 4.72% in one month - from 1,716.29 points to 1,635.21 points. The value of the index SBI one year ago was 1,755.79 points and it yielded a negative annual nominal return.
The index increased over seven trading days of May and declined over the other four-teen.S BI was at its highest level of the month on 3 May at 1,709.66 points, and at the lowest level on 25 May at 1,584.23 points.
The index was traded at low volatility during the whole month. The biggest drop in value was recorded on 23 May - by 1,56%and the highest increase on 31 May - by 1.27%.The spread between the minimum and maximum value o the index remained relatively narrow in May at 125.43 points vs. an even lower level of 56 points in April.
The value of PIX declined from 1,273.06 points to 1,217.05 points or 4.4%.One year ago the value of PIX was 1,005.32 points. The index increased over eight trading days of May and declined over the other thirteen. The PIX was at its highest level of 1,272.85 points on 3 May and reached its lowest level on 25 May at the value of 1,097.07 points -only 97 points above its base value from February 1999.The biggest drop of 3.46% was realised on 24 May. Just two days later the highest increase of the index by 3.29% was recorded. In May the spread between the minimum and maximum value of the index widened to 175.78 from 59.71 points in April.
The Bond Index BIO started trading in May at the value of 106.81 points and its value decreased gradually to its lowest point of 105.96 on 18 May. Afterwards its value started to increase and reached 106.21 points by the end of May. One year ago its value was 106.82 points.
The total market capitalisation of securities, traded on the Exchange (including shares of investment companies) on 31 May 2000 amounted to SIT 1,019.04 billion. It decreased from its level of SIT 1,036.1 billion on 30 April.
Compared to 31 May 1999 (SIT 759.4 billion), the market capitalisation of all securities on the Exchange increased by 34.19%.The market capitalisation of the shares listed on the official market of the Exchange increased from SIT 422.3 billion to SIT 480.7 billion or by 13.83% in the past year. The capitalisation of shares on the free market increased in the same period by 38.39%.
At the end of May 2000, the market capitalisation of all shares traded on the Exchange (official and free markets)(SIT 614.9 billion)made up 16.91%(vs.17.31% in April and one year ago 17.86%of GDP in 1998)of GDP in the year 1999 -SIT 3,637 billion at current prices. (Source: Statistical Office of the Republic of Slovenia, April 2000).
