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The total turnover on the BTS system of the LJSE in November 2005 amounted to SIT 14.1 billion. The turnover in November was therefore 15.4% lower than last year's average. Compared to November 2004, the total turnover decreased in size by SIT 3.9 billion (-21.6%).
In November 2005, shares of listed companies amounted to 78.0% in the overall LJSE turnover structure. These were followed by bonds with a 11.6% share in the overall turnover structure, while investment funds came next, trading in the amount of 10.3% of total turnover. In the last month, there were no significant changes of individual types of securities within the overall turnover structure.
During the 21 trading days in November, a total of 24,339 transactions was concluded. On average, this amounts to 1,159 transactions per day, or rather 16.0% less than the average for last year. The average daily turnover in November amounted to SIT 672.1 million, or some 14.4% less than last year's average.
Block Trading
In November 2005, LJSE members reported 131 block transactions in a total value of SIT 52.3 billion. The total monthly turnover of registered block trades in November was the highest of the year so far and exceeded the BTS system turnover by SIT 38.1 billion. The average value of a single registered block transaction in November amounted to SIT 398.9 million, while the average value of a transaction concluded on the BTS system amounted to SIT 579,911.
Indices
The SBI 20, the official market index, gained 2.5% in November. The index peaked on 15 November at 4,645 index points and reached its lowest point on 9 November at 4,491 index points. The index finished the highest number of trading days on a positive note out of all the LJSE indices (eleven). In the last twelve months, the SBI 20 has fallen by 4.4%.
The Investment Funds Index PIX, fell by 2.0% in November 2005. It lost ground particularly in the second half of the month. In the last twelve months, the index has fallen by 13.0%.
In November, the Bond Index (BIO) fell by 0.1%. In the last twelve months, the index has grown by 2.3%, making it the highest yielding index on the Ljubljana Stock Exchange in this period.
Price movements of selected shares
On the official market of the Ljubljana Stock Exchange, prices of twelve 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 the following companies: Petrol (+14.7%), Krka (+9.0%) and Delo (+6.6%). On the other hand, the worst performers in November were shares of Gorenje (-2.7%), Sava (-2.3%), Zito (-1.6%) and Mercator (-1.1%).
The annual comparison period shows that in the last twelve months, the prices of seven shares on the official market increased. Among the shares included in the SBI 20 index, the shares of the following companies recorded the biggest growth in the stated period: Krka (+22.6%), Sava (+11.0%), and Petrol (+6,1%). On the other hand, prices of sixteen shares fell. Among the SBI 20 shares, Intereuropa was the worst performer, recording a loss of 28.8%. Shares of Žito (-25.4%), Etol (-19.7%) and Terme Catez` (-16.5%) also underperformed considerably.
Trading through the Market Marker Segment
In November 2005, LJSE liquidity managers reported 113 transactions on the Market Marker Segment in a total value of SIT 52.4 billion. The average value of a single registered transaction amounted to SIT 464.0 million. The largest share of turnover on this market segment was represented by trading with bonds issued by the Republic of th Slovenia (59 issue), while the most active LJSE member on this market segment was Nova Ljubljanska banka with SIT 43.0 billion in turnover.
Market capitalisation
On 30 November 2005, the total market capitalisation of all shares traded on the Ljubljana Stock Exchange amounted to SIT 1,612.3 billion. The highest participation in the market capitalisation was recorded by shares of listed companies (51.0%); these were followed by bonds (44.0%) and investment funds (5.0%). In the last month, the LJSE market capitalisation of shares of listed companies increased by SIT 44.7 billion. The increase is due largely to the growth in prices of shares on the official market. Market capitalisation of bonds also increased, namely by SIT 20.1 billion. However, market capitalisation of investment fund shares decreased by SIT 2.4 billion due to falls in their corresponding prices.
Year-on-year, the market capitalisation of shares on the official market decreased from 1,220.3 billion to SIT 1,186.9 (-2.7%). In the same period, the market capitalisation of shares on the semi-official market fell by 9.4% from SIT 469.3 billion to SIT 425.4 billion. On 30 November, the market capitalisation of all shares on the LJSE, excluding investment funds, represented 26.0% of the domestic GDP in 2004 (at current prices). Source: The Statistical Office of the Republic of Slovenia.
