VARAZDIN/ZAGREB, July 13 (Hina) - The Varazdin Stock Exchange (VTV) has completed the 1999 financial year with profits amounting to 43,876 kuna and a record annual turnover of 447,588,714 kuna, the VTV said in its annual report. Most
trade was realised in December, when more than 133 million kuna worth of shares was traded, whereas the highest daily turnover was recorded on December 28, amounting to 58,203,848 kuna. The past financial year was the most successful one since the establishment of the VTV thanks to the fact that all privatisation and investment funds (PIF) have included their shares in a special PIF quotation. Also, PIFs were selling shares form their portfolios at the VTV, which increased the overall market capitalisation of shares. The value of VTV's official index (VIN) moved between 156 (the lowest level) and 304 points (the highest level). The main characteristic of the trade of
VARAZDIN/ZAGREB, July 13 (Hina) - The Varazdin Stock Exchange (VTV)
has completed the 1999 financial year with profits amounting to
43,876 kuna and a record annual turnover of 447,588,714 kuna, the
VTV said in its annual report.
Most trade was realised in December, when more than 133 million kuna
worth of shares was traded, whereas the highest daily turnover was
recorded on December 28, amounting to 58,203,848 kuna.
The past financial year was the most successful one since the
establishment of the VTV thanks to the fact that all privatisation
and investment funds (PIF) have included their shares in a special
PIF quotation. Also, PIFs were selling shares form their portfolios
at the VTV, which increased the overall market capitalisation of
shares.
The value of VTV's official index (VIN) moved between 156 (the
lowest level) and 304 points (the highest level).
The main characteristic of the trade of PIF shares is high solvency,
the report said, announcing an increase in the volume of trade and
higher prices of PIF shares in the next financial year.
(hina) rml