The total turnover on the BTS system of the LJSE in January 2006 amounted to SIT 13.9 billion. The turnover in January was 19.9% higher than last year's average. Compared to January 2005, the total turnover decreased by SIT 2.8 billion (-16.9%).
In January 2006, shares of listed companies amounted for 76.6% of overall LJSE turnover. These were followed by bonds with 13.4% of turnover, while the remaining turnover was represented by trading with investment funds namely 10.0%. In the last month, only shares of listed companies recorded a gain in turnover (+12.8%), while bonds and investment funds turnover fell by 7.9 percentage points and 4.9 percentage points respectively.
During the 21 trading days in January, a total of 17,619 transactions were concluded. On average, this amounts to 839 transactions per day, or 18.0% less than the average for last year. The average daily turnover in January amounted to SIT 660.2 million, or 18.9% more than last year's average.
Block trading
In January 2006, LJSE members reported 103 block transactions in a total value of SIT 10.0 billion. The total monthly BTS system turnover in January exceeded block trading by SIT 3.9 billion. The average value of a single registered block transaction in January amounted to SIT 96.6 million, while the average value of a transaction concluded on the BTS system amounted to SIT 786,900.
Indices
The SBI 20, the official market index, gained 0.1% in January. The index peaked on 25 January at 4,663 index points and reached its lowest point on 10 January at 4,569 index points. The index ended only 8 trading days on a positive note. In the last twelve months, the SBI 20 has fallen by 9.6%.
The Investment Funds Index-PIX, gained 1.3% during the first month of 2006. In the last twelve months, the index has fallen by 15.6%.
In January, the Bond Index (BIO) fell by 1.0%. In the last twelve months, the index has fallen by 0.3% and therefore suffered the smallest loss out of all the LJSE indices during this period.
Price movements of selected shares
On the official market of the Ljubljana Stock Exchange, prices of eight shares increased out of a total number of 25. Among the shares included in the SBI 20 index, the biggest growth was recorded by shares of Krka (+10.8%) and Zito (+5.6%). On the other hand, the worst performers in January were shares of Delo (-8.6%), Droga Kolinska (-4.5%), Aerodrom (-3.5%) and Terme Catez (-3.1%).
The annual comparison period shows that in the last twelve months, the prices of the prices of four shares on the official market increased. Among the shares included in the SBI 20 index, the biggest growth in the stated period was recorded by shares of Krka (+31.4%) and Petrol (+0.01%). On the other hand, prices of twenty shares fell. Among the SBI 20 shares, Intereuropa was the worst performer, recording a loss of 31.4%. Shares of Aerodrom (-26.2%), Istrabenz (-21.6%), Terme Catez (-19.1%) and Zito (-19.1%) also underperformed considerably.
Trading through the Market Maker Segment
In January 2006, LJSE liquidity providers reported 140 on the Market Maker Segment in a total value of SIT 35.6 billion. The average value of a single registered transaction amounted to SIT 254.1 million. The largest share of turnover on this market segment was represented by trading with bonds issued by the Republic of Slovenia (59 issue), while the most active LJSE member on this market segment was Abanka with SIT 18.9 billion in turnover.
Market capitalization
On 31 January 2006, the total market capitalisation of all shares traded on the Ljubljana Stock Exchange amounted to SIT 1,651.2 billion. The highest participation in the market capitalisation was recorded by shares of listed companies (50.2%), followed by bonds (45.4%) and investment funds (4.4%). In the last month, the LJSE market capitalisation of shares of listed companies increased by SIT 46.8 billion, with the increase largely due to admission of shares of Autocommerce to the stock market. As a result of new bonds being admitted to the market, their market capitalisation increased accordingly, namely by SIT 43.9 billion. On the other hand, the exclusion of two investment fund shares from trading resulted in the decrease of their market capitalisation, namely by SIT 12.5 billion.
Year-on-year, the market capitalisation of shares on the official market decreased from SIT 1,273.9 billion to SIT 1,240.7 billion (-2.6%). In the same period, the market capitalisation of shares on the semi-official market decreased by 15.8% namely from SIT 487.7 billion to SIT 410.5 billion. On 31 January 2006, the market capitalisation of all shares on the LJSE, excluding investment funds, represented 26.7% of the domestic GDP in 2004 (at current prices). Source: The Statistical Office of the Republic of Slovenia.
