Turnover on two Montenegrin stock exchanges since March 4, when functioning of market of capital began officially, is about 2.7 million EUR. Majority of economists is of the opinion that low demand at stock markets was one of the characteristics of beginning of capital market, but that it is also expected, published the daily "Vijesti". "I think that we should be satisfied with present trade on stock markets. As foreign consultants said, our beginning is better than the region states," said director of NEX Montenegro stock exchange, Mladen Bojanic. Director of Montenegroberza, Milasin Borovic, said that the euphoria was great and trade low, and added that he did not expect better results in the near future. Director of the Centre for transition, Nebojsa Medojevic, said that market of capital was collapsing since systemic preconditions for its development had not been created. "For the time being, there are no conditions for creation of an efficient, organized, deep and liquid market of capital. Present trade at stock exchange is void and it serves to some people to concentrate the ownership in companies. When they do that, these shares would appear on the market never again," estimated Medojevic. Director of Holder Broker, Dejan Vasovic, said that the offer was great and demand low and added that it was logical considering the number of those who had become shareholders through MVP. Vasovic said that demand for shares of big companies, such as Telekom, would not be until a foreign investor appears. Professor of the Faculty of Economy, Bozidar Mihajlovic, said that Montengrin companies were in much worse situation than assumed, which would be proved by numerous problems at market of capital that were yet to emerge.