Last year’s turnover at the Banja Luka Stock Exchange (BLSE) amounted to KM 472 million or 10.27 percent more than in 2018.
The BLSE said a total of 11,496 regular trades were concluded last year, up 14 percent from 2018.
Public bonds and Treasury bills in the amount of 325 million KM had the biggest impact on the increase in total turnover.
The public offerings saw a decrease in interest rates at which Republika Srpska borrows, reducing the interest rate on treasury bills to 0 percent, and the interest rate on seven-year bonds falling to 1.7 percent.
The stock market estimates that the past year has been characterized by the turnover of debt securities.
“Bonds and Treasury bills in the primary and secondary markets accounted for 84 percent of total turnover. The ten most traded securities are seven Republika Srpska bonds. This continued the longstanding trend of shifting investors’ focus from stocks to bonds. The Republic of Srpska bond index rose 6.92 percent. If one looks at the movement of the ORS index since the beginning of its calculation (May 2011), investors could earn a profit of 179.76 percent from investing in the Republic of Srpska bonds, ” the Banja Luka Stock Exchange said.
On the other hand, according to the stock exchange data, regular turnover amounted to KM 86.3 million and decreased by 13.57% compared to 2018.
Regular stock turnover increased (13.16%), regular fund turnover (95%), while regular bond turnover decreased by 32.60%.
Telekom Srpske shares traded the most in the stock market, with a price increase of 14.46%.
Telekom Srpske is the joint-stock company that paid the largest dividend in 2019 and shareholders were able to generate a dividend yield of about 12 percent, making them the most attractive for small investors.
In the money market in 2019, 4 REPO deals were concluded with a total value of BAM 2.826.682.