In June 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 58.87% (in May43.38% and in June 1999 68.18%), bonds reached 19.96% (vs.24.26% in May and 12.09%a year ago), short-term securities 0% (also 0%in the previous month and 39% a year ago)and shares of investment funds made up 20.64% of the total turnover (vs.31.3%in the previous month and 18.8%in June 1999). Turnover of pension coupons accounted for 0.53%or SIT 124 million (vs.1.05% one month ago). The share of the official market in the total turnover in June was 59.34% vs. the May figure of 49.06%.The average number of transactions per day in June was 1,373 or 30,204 transactions in twenty-two trading days (in May the daily average of transactions was 1,493 and 1,760 in the year 1999).The number of shares of companies traded was 4.040.109.The average daily turnover was SIT 1.063 billion vs. SIT 722 million in May. The average of SIT 1 billion was recorded in 1999 and SIT 1.015 billion in the first six months of 2000.
The most traded shares on the Exchange market were Petrol, SKB banka, Pivovarna Laško, Krka and Banka Koper. Those five issues represented 2 3.65% of the total turnover of the Exchange and 40.18% of the turnover of shares. The most traded bonds in May were bonds of the Republic of Slovenia 10th issue, bonds of the Compensation Fund of RS, bonds of Nova Ljubljanska banka (SIT denomination), bonds of SKB banka 4th issue and bonds of the RS 15th issue. Those five issues represented almost 70% of the turnover of bonds on the Exchange and 13.8% of the total turnover. The most traded shares of PIDs were Infond Zlat, Atena Dve, Nacionalna inancna druzba, Triglav Steber II and Atena Tri. In June 2000,ten most active Exchange members concluded 63% of the total turnover (vs.61%in May). The most active members were Publikum (8.2%),Perspektiva (7.73%),Ilirika BPH (6.83%), Mariborska BPH (6.74%)and Nova Ljubljanska banka (6.7%).
In June 2000 117 block trades (84 in May and 74 in June 1999)were reported by the Exchange members, with a total value of SIT 14.27 billion (SIT 7.68 billion in May and SIT 10.9 billion in June 1999). The value of block trades represented more than 60% of the total turnover in June 2000 (vs.50%in May) and was much higher than its average level of 49% in 1999. In the six months o 2000 594 block trades were reported with the value of SIT 70.49 billion or 56% of the total turnover in the period concerned.
After a 15.4% decline of the Slovenian Stock Exchange Index (SBI) in the period from February until the end of May 2000, the negative trend continued also in June, but at a much lower pace. It declined by0.68%in one month -rom1,635.21 points to 1,624.17 points. The value o the index SBI one year ago was 1,699.28 points and it yielded a negative annual nominal return.
The index increased over ten trading days of June and declined over the other twelve. SBI was at its highest level of the month on 7 June at 1,691.77 points, and at the lowest level on 26 June at 1,613.26 points. The index was traded at low volatility during the whole month. The biggest drop in value was recorded on 12 June - by1,23%and the highest increase on 6 June - by 1.34%. The spread between the minimum and maximum value of the index was very narrow in June at 78.51, even more than in May, when it reached 125.43 points.
The value of Index of the Authorised Investment Funds (PIX) increased from 1,217.05 points to 1,254.61 points or 3.09% and almost offset the decline in May of 4.4.%. One year ago the value of PIX was 995.26 points. The index increased over thirteen trading days of June and declined over the other nine. The highest increase of the index (by 3.03%)was recorded on 8 June, in the period of seven days of permanent growth. From the beginning of June to 9 June the value of PIX increased by 10.14% to the highest level of the month -1,340.46 points. After that date the value of index decreased during the rest of the month and reached the lowest point (1,254.29 points)on 29 June. The biggest drop of 3.68% was realised on 12 June, just two trading days after the highest level in June. In June the spread between the minimum and maximum value o the index narrowed to 95.17 from 175.78 points in May.
In June the Bond Index the Stock Exchange Bond Index (BIO) started trading at the value o 106.21 points and its value decreased gradually to its lowest point of 103.96 on 9 June. Afterwards its value increased to the highest level in June (106,6 points) in only three trading days. The value of BIO at the end of June was 105.55 points and one year ago 106.76 points.
A net inflow of foreign investments was recorded in the first six months of 2000 which reached SIT 1.36 billion. (Source: the Bank of Slovenia). Out of that the off -the-exchange market of direct investments and investments in bonds contributed SIT 1.5 billion of in low and the exchange market of portfolio investments in stocks recorded a net outflow of SIT 139 million. In May and June the net inflow on the off -the-exchange market amounted to SIT 1.4 billion, while an outflow of SIT 230 million was recorded by the exchange transactions.
The share of foreign ownership in the market capitalisation of stocks on the Exchange (again) recorded the lowest point of the last two years - it fell to 6.86% at the end of May (from April level of 7.01%).The share of foreign ownership reached its highest level in May1998 - 12.23%. Foreign investors accounted for a marginal 1.46% of the shares turnover on the Exchange in June and was even lower than the marginal level of 1.88%average of the previous year.
The total market capitalisation of securities, traded on the Exchange (including shares of investment companies) on 30 June 2000 amounted to SIT 1,030.46 billion. It increased from its level of SIT 1,019.04 billion on 31 May. Compared to 30 June 1999 (SIT 825.26 billion), the market capitalisation o all securities on the Exchange increased by24.86%.The market capitalisation of the shares listed on the official market of the Exchange increased from SIT 408.33 billion to SIT 478.48 billion or by17.18% in one year 's time.
The capitalisation of shares on the free market increased in the same period by 43.43%. At the end of June 2000,the market capitalisation of all shares traded on the Exchange (official and free markets) (SIT 617.91 billion) made up 16.98%(vs.16.91% in May and one year ago 17.53% 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). Market capitalisation of forty-six investment funds was SIT 141.3 billion at the end of May 2000.
