FEDERATION OF EURO-ASIAN STOCK EXCHANGES > YEARBOOK 2002/2003 > PAGE 6
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
Hewlett Packard Invent/IT Solutions
http://myfsi.hp.com
SPONSORS
Please visit our Sponsor sites. Sponsors can be
seen on the FEAS website at:
http://www.feas.org/Contributors.cfm.
2003 SPONSORS OF FEAS
Istanbul Stock Exchange
http://www.ise.org
Macedonian Stock Exchange
http://www.mse.com.mk/
Takasbank
http://www.takasbank.com.tr/eng/
2002 REGIONAL PERFORMANCE:
The FEAS region is represented by 24 members in 22 countries. Consolidated regional statistics*
show that for the 3rd consecutive year the total number of companies traded has declined
17.8% over 1998 and a modest 3.5% over 2001. However, in 2002 the market capitalization
of the region increased by 13% since year end 2001, an indication that consolidation efforts
and more stringent listing requirements are making an impact on the quality and liquidity of
companies traded. Equity US$ volumes posted a modest gain of 13.3% over 2001, while number
of shares traded rose dramatically by 41.9%. While equity continued to be affected by global
events the most promising growth was in the bond markets. Growth in US$ volume reached
91% over a year earlier and 111.5% in number of instruments traded. Comparatively speaking
bonds now represent 13% of total trading volume of the FEAS region, up from 6% a year earlier.
Equities have grown slightly from 13% to 17% of total trading volume for 2002, while other
volume, represented by such instruments as derivatives, t-bills, currency, repo/reverse repo,
etc., declined from an 81% share of total trading volume to 70%. As the 5-year statistical
comparison shows other trading volume continues to have the greatest US$ value.
FEAS Region
5-Year Volume Comparison
(US$ millions)
900,000
800,000
700,000
600,000
500,000
400,000
300,000
200,000
0
Stocks
FEAS Region
Market Capitalization vs Monthly Stock Volume FEAS Region
2002 Monthly Volume
(US$ millions) (US$ millions)
140,000
25,000
120,000
20,000
100,000
15,000
80,000
Bonds
100,000
*For individual member statistics please go to the Stock Exchange Profile section in the following pages.
FEAS Year Book: This publication of annual
activities of the Federation and its members
began in 1997 and is now available electronically
on the website:
http://www.feas.org/Publications.cfm?Get
=Yearbook&Top=Pubs.
Newsletter: A monthly publication which
includes general secretariat news, statistical stock,
bond and other volume comparisons on monthly,
year-to-date and prior period bases, in addition
to market cap, currency, number of companies
traded and index statistics. Quarterly
supplemental publications include quarterly
statistical analysis, press releases of FEAS
members and headlines of FEAS activities.
Archived copies of the newsletter can be found
on our website:
http://www.feas.org/Publications.cfm?Get=
Newsletter&Top=Pubs.
To subscribe for the electronic version of the
FEAS publications, please go to www.feas.org
and click on subscribe. Subscriptions include
monthly notifications of statistics and newsletter
updates, as well as advance notice of FEAS
events and activities.
The FEAS Library includes publications from our
members and those organizations, such as
OECD, that provide information of value to the
region and capital market development. The
FEAS Library is open to experts and organizations
with financial market-related material. If you
would like to make a submission to the FEAS
Library, please send your electronic files and
links to the FEAS secretariat at:
[email protected].
SUBSCRIBE
NEW FEAS Library: In an ongoing effort to
improve our website and provide greater value
to our members and subscribers, we are proud
to announce the new FEAS Library, which can
be accessed through the Publications drop down
menu on the main page at www.feas.org or
through this link:
http://www.feas.org/Library.cfm.
NEW FEAS Website: The new FEAS website
was launched on 31 July 2002 and can be found
at www.feas.org. The new site now contains
FEAS member profile pages (with statistics,
holidays, market policies and practices and direct
links to their sites), Excel downloads for all
statistical data and cross-member comparisons
on policies, practices and statistical data, FEAS
Library, Sponsors and Useful Links, Calendar of
FEAS and related events, Organizational
Structure, Working Committees, Charter &
Mission, History, archived electronic versions of
the monthly newsletter, all FEAS Yearbooks since
the 1998 publication and a News Center with
headlines from member markets.
PUBLICATIONS & INFORMATION
Other
60,000
50,000
40,000
30,000
60,000
10,000
20,000
40,000
5,000
20,000
0
J
F
M
A
M
Market Capitalization
J
J
A
S
O
N
D
Monthly Stock Volume
0
10,000
0
J
F
Stocks
M
Bonds
A
M
Other
J
J
A
S
O
N
D