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Dec 18, 2007 16:59 EEST
December 18 (SeeNews) - The Macedonian Stock Exchange (MSE) said it has revised its MBI10 blue-chip index, replacing TTK Banka with Ohridska Banka, and introduced six new companies into the broader MBID share index.
“The changes in the indices come into effect as of December 18. The 14 elements of MBID made up 93% of the total turnover on the market for publicly held companies in the previous quarter. The next regular revision of the MBID is on March 15 and for the MBI10 on June 15,” the bourse said in a statement posted on its website.
TTK Banka exits the MBI10 index of the most liquid shares after investors lost interest in its shares, the bourse said. French banking group Societe Generale owns 54.18% of Ohridska Banka AD Ohrid (www.ob.com.mk), the fourth-largest of eight medium-sized banks in Macedonia, those with assets between 4.5 and 15 billion Macedonian denars (73.5 to 245 million euro). At end-September 19 banks operated in the ex-Yugoslav state of two million people, according to the latest data.
The new shares to be included in the MBID index, a broader index introduced in June to supplement the blue-chip index and give a more comprehensive picture of the market, are:
They replace shares of the following six companies that were originally included in the MBID:
The MBID index originally included 15 companies selected by their turnover over a six-month period. However, in September the MSE took makedonska Banka out of the index after the central bank cancelled its licence. Now the MBID includes shares of 14 companies.
The MBI10 index closed at 7,369.79 on Tuesday, up 1.04% from Monday, and the MBID ended up 1.39% at 8,135.47.
The MSE (www.mse.com.mk) was set up on September 13, 1995, and commenced trading on March 28, 1996.
(1 euro= 61.2051 Macedonian denars)
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