• petak, 25 jul 2025

Bojanic: Stock exchange list of the best soon

Bojanic: Stock exchange list of the best soon
NEX Montenegro stock exchange expects forming of two lists of best Montenegrin companies soon, and it has already sent the application forms to them, said director of NEX Montenegro, Mladen Bojanic at the meeting with journalists in the Secretariat for information. He said that representatives of NEX Montenegro sent the requests to addresses of 36 companies and among them are: Trebjesa, UTIP Crna Gora, Montenegrin Commercial Bank, Euromarket Bank, Hypothecate Bank, Adriatic Shipyard, Jugopetrol, Aluminium Complex and HTP Korali. The requests were also delivered to the Port of Bar, Lottery of Montenegro, OGP Gorica, Plantaze, Bauxite Mines, Zetatrans, Zitopromet, Primorje Tivat, Adriatic Fair and Dairy of Podgorica. Bojanic expects that the candidates would be interested in rating in stock exchange lists, since, as he said, they confirm the "good reputation" of the company and represent a mark for potential foreign investors. "The aim of creation of the lists for best companies is equal position of all shareholders that would have information on companies whose owner they are. Company rated at the list A or B must inform the stock exchange of all events that could cause change of the price of its shares and of realized results," explained Bojanic. He said that prices of shares of the best companies at the stock exchange could be changed for maximum ten percents in comparison with the day before. Companies are to pay 2,000 to 15,000 EUR for rating on the A list, depending on the value of shareholder capital, and for listing on the B list it is to pay 1,000 to 10,000 EUR. Application of forms for both lists costs 150 and monthly fee for rating 200 EUR. Beside payment of these costs, companies must fulfil conditions that would prove their success and that relate to number of shareholders, capital, positive business activities, extent of the new emission, operation time, payment of dividends and financial reports. NEX Montenegro trades only the shares from Mass voucher privatisation for the moment, but Bojanic announces the rating of debtors# securities, that is, bonds, treasury and commercial bills. For the period of three weeks of trade, this stock exchange has realized the turnover of more than 2.1 million EUR, and 97 percents of it relate to the primary emission of Montenegrin Commercial Bank and management company Moneta, and the rest goes to shares of MVP companies. Bojanic reminded that shares of 11 companies have so far been traded, and shares of 55 more companies were rated. He said that intensity of trade met the expectations of those who worked at the stock exchange. Number of contracts signed so far is 276, and of that number, 85 percents were singed during the third week, and the total number of companies whose shares are offered or demanded is 50.