The total turnover on the BTS system of the LJSE in December 2005 amounted to SIT 12.7 billion. The turnover in December was therefore 23.9% lower than last year's average. Compared to December 2004, the total turnover decreased by SIT 8.7 billion (-40.6%). Turnover included all trades on the official and semi-official markets, excluding block and TUVL trades.
In December 2005, shares of listed companies amounted to 63.8% of overall LJSE turnover. Bonds accounted for 21.3% of overall turnover, while investment funds came next, with 14.8% of total turnover. The smallest share of the turnover was represented by treasury bills (0.03%). In the last month, the biggest gain in turnover was recorded by bonds (9.7%), followed by shares of investment funds (4.5%). Shares of listed companies recorded a reduction of 14.2 percentage points of overall turnover.
During the 21 trading days in December, a total of 23,068 transactions was concluded. On average, this amounts to 1,098 transactions per day, or 20.4% less than the average for last year. The average daily turnover in December amounted to SIT 604.5 million, some 23.0% less than last year's average.
Block trading
In December 2005, LJSE members reported 132 block transactions for a total value of SIT 20.7 billion. The total monthly BTS system turnover in December exceeded block trading by SIT 8.0 billion. The average value of a single registered block transaction in December amounted to SIT 157.1 million, while the average value of a transaction concluded on the BTS system amounted to SIT 550,300.
Indices
The SBI 20, the official market index, gained 0.1% in December. The index peaked on 8 December at 4,637 indices points and reached its lowest point on 23 December at 4,567 points. After that, the index recorded four consecutive positive days, ending the month at 4,630 points. In the last twelve months, the SBI 20 has fallen by 5.6%.
The Investment Funds Index PIX, fell by 0.4% in December 2005. In the last twelve months, the index has fallen by 12.2%.
In December, the Bond Index (BIO) fell by 0.1%. In the last twelve months, the index has grown by 0.9% making it the highest yielding index on the Ljubljana Stock Exchange in this period.
Price movements of selected shares
On the official market of the Ljubljana Stock Exchange, prices of thirteen shares increased out of a total number of 25. Among the shares included in the SBI 20 index, the biggest growth was recorded by shares of Terme Catez (+6.4%) and Merkur (+6.0%). On the other hand, the worst performers in December were shares of Aerodrom (-4.1%), Droga Kolinska (-4.1%), Delo (-3.7%) and Gorenje (-2.1%).
The annual comparison period shows that in the last twelve months, the prices of eight shares on the official market increased. Among the shares included in the SBI 20 index, the shares of the following companies recorded the biggest growth in the stated period: Krka (+21.1%), Petrol (+7.3%), Pivovarna La{ko (+3.4%) and Delo (+3.4%). On the other hand, prices of sixteen shares fell. Among the SBI 20 shares, Intereuropa was the worst performer, recording a loss of 28.0%. Shares of Zito (-22.7%), Istrabenz (-18.4%) and Gorenje (-16.3%) also lost considerable ground.
Trading through the Market Marker Segment
In December 2005, LJSE liquidity providers reported 143 transactions on the Market Marker Segment in a total value of SIT 51.6 billion. The average value of a single registered transaction amounted to SIT 360.9 million. The largest share of turnover on this market segment was represented by trading with bonds issued by the Republic of Slovenia (52nd issue), while the most active LJSE member on this market segment was Nova Ljubljanska banka with SIT 45.5 billion in turnover.
Market capitalisation
On 31 December 2005, the total market capitalisation of all shares traded on the Ljubljana Stock Exchange amounted to SIT 1,604.3 billion. The highest participation in the market capitalisation was recorded by shares of listed companies (50.0%), followed by bonds (45.1%) and investment funds (4.9%). In the last month, the LJSE market capitalisation of shares of listed companies decreased by SIT 7.9 billion, with the decrease due largely to the exclusion of shares from the semi-official market.
As a result of falls in prices, a decrease in the market capitalisation of shares of investment funds was also recorded, namely in the amount of SIT 1.1 billion. Thus, only the bonds market recorded an increase in market capitalization, namely in the amount of SIT 55.7 billion.
Year-on-year, the market capitalisation of shares on the official market decreased from SIT 1,233.0 billion to SIT 1,183.0 billion (-4.1%). In the same period, the market capitalisation of shares on the semi-official market decreased by 11.9%, namely from SIT 472.9 billion to SIT 421.3 billion On 31 December 2005, the market capitalisation of all shares on the LJSE, excluding investment funds, represented 25.9% of the domestic GDP in 2004 (at current prices). Source: The Statistical Office of the Republic of Slovenia.