ANNUAL REPORT 2015
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
MACEDONIAN STOCK EXCHANGE
Currently, the Macedonian Stock Exchange is engaged with two very
important projects. The first one is SEE LINK, an order routing platform.
The second one is a micro project for technology and software
modernization of our members.
Ivan Steriev
CEO
Statistically 2014 was much better compared to
2013. The total turnover increased by significant
169% due to, among other things, the public
offering of the issuer “Arcelor Mittal”. Also, we
had significant increase in block transactions,
about 90%, but this is because we had few block
transactions in 2013. It is very important to monitor
trading in “BEST” system (MSE electronic trading
system), especially with shares, because primarily
the trading on MSE is with shares, and here we had
significant increase for 42%.
However, it is quite clear that in the past few years
we have entered in a new development phase -
we are operating in a new reality and we have to
acknowledge our position that is appropriate for a
small open economy such as Macedonia, with this
level of GDP and living standard, these performance
and organizational and ownership structure of the
domestic join stock companies and in the current
social-political environment.
The Stock Exchange is an infrastructure that should
be maintained and upgraded on a continuously
basis. That is our main task. Currently, the
key HigHligHts Of tHe year
Companies and market capitalization
Number of listed companies
Domestic companies
Foreign companies
Number of new listings
Domestic market capitalization (USD million)
Trading
Value of share trading (USD million)
Number of share trades (thousand)
Value of bond trading (USD)
Number of bond trades (thousand)
Index
MBI10
31.12.2013 31.12.2014
116
116
0
84
2,193 115
115
0
0
2,282
56.2
11.7
16.3
1.8 183.1
11.9
12.1
1.4
1,738.86 1,844.20
Macedonian Stock Exchange is engaged with two
very important projects. The first one is SEE LINK,
an order routing platform, a joint project of the
Macedonian, Bulgarian and Zagreb Stock Exchanges.
We believe this project would give investors easier
access to the regional markets and will increase the
visibility of our markets. Success of this project will
mean a lot and will have quite positive implications
as it will show benefits of the integration synergies.
The second one is a micro project for technology
and software modernization of our members which
will give our investors option for trading via internet
from any location they choose.
“
Statistically 2014 was
much better compared to
2013. The total turnover
increased by significant
169%.
”
ABOUT MACEDONIAN STOCK EXCHANGE
Established: 1995
President of the Board: Lidija Trajkovic
Address: Orce Nikolov 75, 1000 Skopje, Republic
of Macedonia
Contact name: Evita Ivanova
E: [email protected]
W: www.mse.mk
FULL MEMBERS
31