Through the custody business in 2016, up to 308 million euros was traded.
In the report on the market situation, made by the Capital Market Commission, to which the Assembly's Economic Committee provided support, it is said that the total value of the financial instruments that the custody bank is keeping is 361 million euros.
The Chairman of the Capital Market Commission, Dr. Zoran Djikanović, says that it is partly about Montenegrin bonds traded outside, and in large part with other interesting securities. "These data show that the trade is moving from the stock market. Stock trading is abandoned, and it is currently becoming an extra trading or multilateral and other trading platforms. The stock market was a 10-year trading center, but it is no longer a key place or heat of what is happening in the capital market. The reason is that other laws allowed trading outside the stock market through notarial records and various other bonds," he explained. From all this data it can be seen that there are multiple interests in investing more money from the citizens and companies outside of Montenegro. Montenegro's turnover last year was 47 million euros, down by almost 60 percent from the year before.
In 2016, there was a large turnover of bonds, and in 2017 there was no turnover. Bonds have been traded out of Montenegro and broadcast there," explains the president of the Commission.
Non-market transactions are the principle of capital increase, emission of shares, new fundraising, which in 2017 was about 95 million euros.
"That's not little because it's about permanent capital, or permanently invested in a company. Through other corporate activities, EUR 19 million was realized," recalls Djikanović.
Commenting on the market, Djikanović said he would not qualify it if it is good or bad.
Text by Pobjeda, on September 17th, 2018, read more at CdM
