The total turnover on all market segments of the Ljubljana Stock Exchange (LJSE) in April 2004 amounted to SIT 40.7 billion, which was 12.5% more than in March 2004, or 43.6% more than last year's monthly average. In comparison to April 2003, turnover increased by 92.7% (SIT 19.6 billion).
In April 2004, shares accounted for 44.7% of overall turnover, while bonds accounted for 45.4%, and shares of investment funds 9.9%. No transactions were concluded in short-term securities. In the past month, bonds turnover increased by 17 percentage points and exceeded last year's average for the first time this year.
During the 20 trading days in April, there were 33,430 transactions concluded, on average 1,672 trades per day, which was 63 trades/day less than in April. Year-on-Year average, more transactions were concluded in April this year - some 21.8%.
In April, the average daily turnover equalled SIT 2.0 billion, which thus exceeded SIT 2 billion for the first time this year. The average value of a single transaction in April was SIT 1,218 thousand, and grew by SIT 240 thousand if compared to March.
Block trading
Stock Exchange members reported 119 block trades in April 2004, a total value of SIT 20.2 billion - 49.5% of the month's overall turnover, or 2 percentage points below the average of last year. The average value of a single block trade in April amounted to SIT 169 million, while the average value of a single transaction, without block trades, totalled SIT 618 thousand.
Indices
The official market index - SBI 20 - gained 6.67% of its value in April; that was the second month in a row when the index gained more than 6 percent. The SBI 20 increased within the period of 16 days, but only in one day for more than 1%. Its record high was registered on 29 April, at 4,674.59 points. Within the past 12 months, the index rose by 46.9%.
For the fourth month of this year, the IPT Index (Free Market Index) increased by 4.31%. It grew the least compared to other LJSE indices and also finished in the red most often (on 8 days). The IPT recorded its best high on 23 April, at 3,996.99 points, and gained 50.54% in its value within the past twelve months.
The PIX Index (Investment Funds Index) increased by 10.61% in April, and thus proved to be the most profitable LJSE index. The past month revealed evident volatility of the index, its value varied in average by 0.65% per day. Its record high was registered on 23 April, at 4,503.12 points. For the next remaining trading days in April, the index would end all in the red. Within the past 12 months, the PIX gained 69.46% points.
In April, the Bond Index (BIO) grew by 0.62%. Its value has been changing at a very slow pace; in average only by 0.08% per day. The index gained 3.3% in the last 12 months. All five LJSE industrial sector indices increased in value in April, with the Transport Index in the lead (+17.28%), followed by Chemicals (+4.91%), Trade (+4.05%), Oil and Gas (+2.95%) and Food and Beverages Indices (+2.38%).
Price movements of selected shares
On the official market of the Ljubljana Stock Exchange, prices of twenty-five shares (out of the total of thirty-two) increased in April, among them, in particular - shares of Luka Koper (+21.1%), by more than 10% also shares of Aerodrom (+17.26%), Delo (+16.88%), Intereuropa (+13.42%) and Krka (+10.56%). Prices of five shares, in contrast, fell during the past month. Shares of Comet decreased in value the most (-12.19%). Next were shares of Kolinska (-3.04%) and Pivovarna Union (-2.82%).
Year-on-Year the prices of twenty-seven shares on the official market increased during that period. The highest growth was recorded by the shares of Aerodrom (+119.35%), Luka Koper (+88.15%) and Nika (+84.76%). Prices of five shares decreased, among them those of Terme 3000 (-12.27%), @ivila (-9.40%) and Comet (-8.98%).
Foreign investments
Net outflow of all non-residents (including direct and portfolio investments into shares and bonds, but without primary issues) totalled SIT 1,942.2 million, out of which the inflow on the organised market was SIT 242.3 million, and the outflow on the off-the-organised market amounted to SIT 2,184.5 million. In April, foreign investors participated with 11.59% in the turnover structure of shares on the organised market. The level of foreign ownership of shares of Slovenian companies (according to the market capitalisation as of the last day of the month) equalled 4.63% at the end of April, and increased most notably within the past 12 months in LIV Postojna (+59.46 percentage points), Aktiva invest (+16.90 percentage points) and KD Group (+10.97 percentage points). On the other hand, foreign ownership decreased the most in Merkur (-19.59%) and Droga (-18.8%).
Market capitalisation
On 30 April 2004, the total market capitalisation of all securities traded on the Ljubljana Stock Exchange (together with shares of investment funds - SIT 240.44 billion) amounted to SIT 2,805 billion, which was by SIT 136.5 billion, or by 5.1%, more than a month before. Year-on-Year, the market capitalisation of the shares of investment funds increased the most (+7.11%), while also the capitalisation of ordinary shares (+5.58%) and bonds (+3.84%) increased somewhat.
Year-on-Year, the market capitalisation of shares on the official market increased from SIT 808.37 billion to SIT 1,173.80 billion (by 45.21%). Within the same time, the capitalization of shares on the free market grew by 90.30% - from SIT 232.14 billion to SIT 441.77 billion. On 30 April 2004, the market capitalisation of all shares traded, without the investment funds (SIT 1,615.6 billion), represented 28.49% of the GDP for 2003 - SIT 5,671 billion (at current prices). Source: The Statistical Office of the Republic of Slovenia.
