FEAS Yearbook FEAS Yearbook 2008 | Page 65

FEDERATION OF EURO-ASIAN STOCK EXCHANGES
SEMI ANNUAL REPORT OCTOBER 2008
ZAGREB STOCK EXCHANGE
OFFICIAL 6 MONTH STATISTICS
US$ millions
Total Volume
Average Daily Volume
# Shares millions
Total Volume
Average Daily Volume
Stocks
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 553.61
384.01
330.71
448.33
296.88
213.02
2,226.56 25.16
18.29
17.41
20.38
15.63
10.65
17.92 3.57
3.12
3.10
3.62
2.14
1.62
17.17 0.16
0.15
0.16
0.16
0.11
0.08
0.14
Bonds
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 650.35
337.21
272.53
144.56
105.41
149.71
1,659.77 29.56
16.06
14.34
6.57
5.55
7.49
13.26 1608.59
1106.58
709.40
264.75
226.98
259.79
4,176.09 73.12
52.69
37.34
12.03
11.95
12.99
33.35
Other
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
TOTAL 0.00
0.28
0.00
0.18
4.85
0.00
5.31 0.00
0.01
0.00
0.01
0.26
0.00
0.14 0.00
0.89
0.00
0.56
15.14
0.00
16.58 0.00
0.04
0.00
0.03
0.80
0.00
0.43
Market Capitalization (US$ millions)
Index
Jan-08
67,130.90
4,497.18
Feb-08
63,023.60
4,232.27
Mar-08
60,955.90
3,845.09
Apr-08
51,860.50
3,792.72
May-08
52,511.50
3,988.12
Jun-08
53,732.80
3,587.60
PRACTICES & PROCEDURES
Trading
Days
Hours
Market segmentation
Monday-Friday
10:00-16:00
Equity and Fixed Income (Official Market, Regular
Market, JDD Market, Parallel Market)
System
Automated, remote access, remote login, WAN
Mechanisms
Continuous action
Market-maker/Specialists No
Instruments
Stocks, bonds, certificates and commercial papers
Currency
Local
Real time information
Best bid/ask, last price, last volume, total volume,
order book
Clearing & Settlement
Central Depository
Period
Registered
Settlement
Clearing
DVP
Clearing Institution
Risk Sharing
Margin/Lending
Custodians
Yes
T+3
Yes
Book entry
Netting
Yes
Yes
Yes
No
Banks
Taxes
Cash Dividends
Interest Income
Capital Gains
None
Individuals: 15%, 25% or 35%
depending on the level of income
with the exception of interest paid
on deposits in banks, savings
banks and savings&loan
associations
Corporations: Corporate tax rate is
20%
Individuals: 15%, 25% or 35%
depending on the level of income
Corporations: 20%
Structure & Regulations
Legal
Regulation
Securities market
regulations
Trading rules
Surveillance
Corporate actions
Trading halts regulations
Investor protection Commercial company
Self
Regulatory institutions without
exchange
Exchange
Continous
Independent agents
Yes
No
Foreign Participation
Foreign investors
Investment limitations
Repatriation Alllowed, No restrictions
No limitations
No restrictions
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