ANNUAL REPORT 2015
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
MONTENEGRO STOCK EXCHANGE
We will intensify the activities of potential listing of new financial
instruments in the market.
Gojko Maksimovic, MSc
Chief Executive Officer
Situation in Financial Sector Suitable for
Montenegro Stock Exchange Operations
The previous year for the Montenegro Stock
Exchange can be considered as a very successful.
Besides achieved profit, the results achieved in the
market make us even more proud. The successful
realisation of the government bonds issue was a
joint activity of the Montenegro Stock Exchange
and the Ministry of Finance, which provided
the cheapest borrowing terms. Public offering
- primary sale of corporate bonds of the issuer
“Hipotekarna Banka” Podgorica has been held for
the first time in Montenegrin market. Its activity
has had an enormous importance for Montenegrin
capital market since no sustainable system and
development is possible without creating new
financial instruments.
We will intensify the activities of potential listing
of new financial instruments in the market - we
will seek to stimulate the issue of debt securities by
companies established as LLC, as well as to promote
the creation of an environment for the realisation
of the first initial public offering of shares on the
Montenegrin capital market.
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 million)
Number of bond trades (thousand)
Index
MONEX20
31.12.2013 31.12.2014
416
416
0
2
3,912.95 389
389
0
3
3,600.18
39.80
5.43
2.61
1.01 61.68
5.92
69.84
0.30
9,850 11,356
The partnership between MNSE and Borsa Istanbul
is an important positive sign on the Montenegrin
capital market. MNSE will organise the Road Show
in Istanbul, where the best companies from our
market will be presented to investors from Turkey
and we will try to encourage Turkish investors
to invest in the Montenegrin capital market. The
disemination of MNSE data will be implemented
through Borsa Istanbul starting from July 2015.
“
THE MONTENEGRO STOCK
EXCHANGE ACTIVELY
PROMOTES THE CREATION
OF AN ENVIRONMENT FOR
THE REALISATION OF INITIAL
PUBLIC OFFERINGS ON THE
MONTENEGRIN CAPITAL
MARKET.
”
ABOUT MONTENEGRO STOCK EXCHANGE
Established: 1993
Chairman: Gojko Maksimović, MSc
Address: Moskovska 77, 81000 Podgorica,
Montenegro
Contact name: Sandra Vucevic
E: [email protected]
W: www.mnse.me
FULL MEMBERS
33