Bosnia's Federation tax revenue up 15.4% y/y in Jan-Nov
BELEX15 adds 0.22%, Aerodrom gains most
Croatia's Valamar invests 34 mln euro in third hotel in Austria
Real Estate Sofia shareholders okay RS City Sport purchase
Bosnia's Teleoptic launches buyout bid for Klimavent
Dec 05, 2007 12:51 EEST
December 5 (SeeNews) - Bosnia’s smaller bourse, the Banja Luka Stock Exchange (BL Berza), said on Wednesday it is launching three sector share indices to better reflect movements in the stock prices of construction companies, banks and insurers, and metal producers.
The Banja Luka Stock Exchange already has one index, for the energy sector. The ERS10 index comprises the shares of the Serb Republic’s three coal-fired power plants, two hydropower plants and five power distribution companies.
BL Berza said in a statement that the three new market capitalisation-weighted price indices will be available as of Wednesday. They will be calculated retroactively as of January 1, 2007.
The bourse will introduce a GIRS index of 17 construction sector companies based in Bosnia's Serb Republic. The companies with the highest weight in GIRS will be Prijedorputevi (20.00%), Krajina GP (14.20%), Put GP (13.56%), Hercegovinaputevi (11.81%) and Bijeljina Put (11.26%).
The Serb Republic, where BL Berza is based, is one of the two autonomous parts of war-divided Bosnia. The other is the Muslim-Croat Federation, where the bigger bourse, the Sarajevo Stock Exchange (SASE), operates.
BL Berza is also launching a RS FIN index of seven Serb Republic-based banks and insurance companies. The issuers are Nova Banka (20.00% participation), NLB Razvojna Banka (20.00%), Nova Banjalucka Banka (19.18%), Kosig Dunav Osiguranje (13.91%), Jahorina Osiguranje (12.80%), Bobar Banka (9.55%) and Pavlovic International Bank (4.56%).
The third new sector share index, MIRS, will comprise seven metal producers: Birac (20.00% weight), Unis-Fabrika Cijevi Derventa (20.00%), Metal Gradiska (20.00%), Jelsingrad Livar Livnica Celika (16.55%), Elvaco (11.23%), Alpro (8.72%) and Unis TSC Prnjavor (3.50%).
The main share indices of BL Berza are BIRS, including 30 well-performing companies, and FIRS, comprising 13 investment funds.
BL Berza had a market capitalisation of 9.079 billion marka ($6.849 billion/4.648 billion euro) on Wednesday.
Bosnia’s bigger bourse, SASE, has two main indices – Bosnian Investment Fund Index (BIFX), comprising 11 investment funds, and the SASE-10 index of the 10 biggest companies in the Muslim-Croat Federation. SASE’s market capitalisation was 16.842 billion marka on Wednesday.
(1 euro = 1.95583 Bosnian marka)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options