September 28 (SeeNews) - The indices of the Macedonian Stock Exchange (MSE) fell this week in sharply reduced turnover after investors avoided the market, brokers said on Friday.
“The market at the moment is unpredictable and I assume the results this week are due to investors avoiding the Macedonian bourse,” a broker from Sileks Banka Brokerage, who declined to be named, told SeeNews.
The MBI index tracking the 10 blue chip stocks on the MSE closed at 9,283 points on Friday, down 1.52% for the week after falling 2.68% last week. Stock market turnover plunged to 683.1 million denars($15.7 million/11.1 million euro) from 1.189 billion denars last week.
The shares that marked the biggest rise this week were those of Komercialna Banka, which ended 1.45% higher than the previous week at 7,684.4 denars.
“The shares of Komercialna Banka are one of the most stable this year and I expect them to keep that price,” Sileks Banka broker added.
Turnover on the bourse's official floor decreased to 412.5 million denars from 572.3 million denars the week before, while turnover on the unofficial floor fell to 270.6 million denars from 617.1 million denars.
Following is a table of price changes of the MBI composite companies:
| MBI COMPOSITE COMPANY |
CLOSING PRICE IN DENARS |
WEEK PCT CHANGE |
| KOMERCIJALNA BANKA |
7,684.4 |
+1.4 |
| TTK BANKA |
3,143.33 |
+0.7 |
| TETEKS |
6,127.6 |
+0.5 |
| MAKPETROL |
156,082.56 |
+0.2 |
| BETON |
48,887.11 |
-0.34 |
| MAKSTIL |
739.57 |
-1.1 |
| GRANIT |
2,727.19 |
-1.2 |
| ALKALOID |
12,969.35 |
-1.9 |
| TOPLIFIKACIJA |
18,357.41 |
-3.03 |
| STOPANSKA BANKA |
11,601 |
-3.3 |
The bourse's new broader index, MBID, closed at 9,810.08 points on Friday, down 1.8% from a week earlier. The index, which was introduced in June, includes the 15 biggest companies by market turnover for a six-month period. It measured 10,000 points at the start.
The MSE's bond index, OMB, closed at 102.07 points on Friday, down 0.1% from a week earlier.
(1 euro = 61.614 Macedonian denars)