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Georgian Stock Exchange

  

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  •   GEORGIAN Stock Exchange Future Outlook
  •   Future Outlook 2008
  •   Georgian SE 2007 Future Outlook

     Official 12 Month Statistics
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      US$ Millions # Shares Millions
    Total Volume Avg. Daily Volume Total Volume Avg. Daily Volume
      Stocks
    9/2009 0.2256 0.0161 3.0850 0.2204
    10/2009 0.1537 0.0128 1.4823 0.1235
    11/2009 0.1824 0.0152 2.7708 0.2309
    12/2009 0.8174 0.0629 3.5740 0.2749
    1/2010 0.5558 0.0463 1.6328 0.1361
    2/2010 0.1325 0.0120 1.4522 0.1320
    3/2010 0.1607 0.0134 4.6676 0.3890
    4/2010 0.2589 0.0259 5.0136 0.5014
    5/2010 0.2027 0.0203 3.4615 0.3461
    6/2010 0.3059 0.0235 7.8511 0.6039
    7/2010 0.4487 0.0345 7.4083 0.5699
    8/2010 0.1058 0.0081 1.6796 0.1292
    TOTAL 3.5500 0.0245 44.0787 0.3040
      Bonds
    9/2009 0.0000 0.0000 0.0000 0.0000
    10/2009 0.0000 0.0000 0.0000 0.0000
    11/2009 0.0000 0.0000 0.0000 0.0000
    12/2009 0.0000 0.0000 0.0000 0.0000
    1/2010 0.0000 0.0000 0.0000 0.0000
    2/2010 0.0000 0.0000 0.0000 0.0000
    3/2010 0.0000 0.0000 0.0000 0.0000
    4/2010 0.0000 0.0000 0.0000 0.0000
    5/2010 0.0000 0.0000 0.0000 0.0000
    6/2010 0.0000 0.0000 0.0000 0.0000
    7/2010 0.0000 0.0000 0.0000 0.0000
    8/2010 0.0000 0.0000 0.0000 0.0000
    TOTAL 0.0000 0.0000 0.0000 0.0000
      Other
    9/2009 0.0000 0.0000 0.0000 0.0000
    10/2009 0.0000 0.0000 0.0000 0.0000
    11/2009 0.0000 0.0000 0.0000 0.0000
    12/2009 0.0000 0.0000 0.0000 0.0000
    1/2010 0.0000 0.0000 0.0000 0.0000
    2/2010 0.0000 0.0000 0.0000 0.0000
    3/2010 0.0000 0.0000 0.0000 0.0000
    4/2010 0.0000 0.0000 0.0000 0.0000
    5/2010 0.0000 0.0000 0.0000 0.0000
    6/2010 0.0000 0.0000 0.0000 0.0000
    7/2010 0.0000 0.0000 0.0000 0.0000
    8/2010 0.0000 0.0000 0.0000 0.0000
    TOTAL 0.0000 0.0000 0.0000 0.0000
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     5 Year Statistical Comparison
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      2006 2007 2008 2009 YTD 2010
    Number of Companies 231 161 153 145 144
    Market Capitalization (US$*) 668.332 1388.6143 327.3104 733.3154 850.4952
    Total Vol.-Stocks (US$*) 95.1617 45.2125 8.2462 1.8555 2.171
    Total Vol.-Stocks (# Shares*) 66.9801 39.7133 12.4644 12.6676 33.1666
    Avg. Daily Vol.-Stocks (US$*) 0.9516 0.3097 0.0569 0.013 0.0231
    Avg. Daily Vol.-Stocks (# Shares*) 0.6698 0.272 0.086 0.0886 0.3528
    Total Vol.-Bonds (US$*) 1.6075 0.0808 0 0 0
    Total Vol.-Bonds (# Shares*) 0.4069 0.0059 0 0 0
    Avg. Daily Vol.-Bonds (US$*) 0.0161 0.0008 0 0 0
    Avg. Daily Vol.-Bonds (# Shares*) 0.0041 0.0001 0 0 0
    Total Vol.-Other (US$*) 0 0 0 0 0
    Total Vol.-Other(# Shares*) 0 0 0 0 0
    Avg. Daily Vol.-Other (US$*) 0 0 0 0 0
    Avg. Daily Vol.-Other (# Shares*) 0 0 0 0 0
    Monthly Avg. Turnover Ratio 0.0119 0.0027 0.0021 0.0002 0.0003
    Index 0 0 0 0 88.6997
    Currency/US$ 1.7135 1.5915 1.667 1.6849 1.8438
     * in millions
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    Practices & Procedures
     Trading
    Days Monday, Wednesday, Friday
    Hours 13:00-14:15
    Market segmentation Yes
    System Automated, depository link, data dissemination, Reporting Facilities, WAN
    Mechanisms Continuous auction
    Market-maker/ Specialists No
    Instruments Stocks
    Currency Local
    Real time information Best bid/ask, last price, last volume, total volume, listed company
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     Clearing & Settlement
    Central Depository Yes
    Period T+1
    Registered Yes
    Settlement Book entry
    Clearing Transaction by transaction
    DVP Full DVP
    Clearing Institution Georgian Securities Central Depository, 99% owned by the GSE
    Risk Sharing No
    Margin/Lending Allowed, though not used in practice yet
    Custodians Georgian Securities Central Depository, brokerage companies and banks
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     Taxes
    Cash Dividends 10% at the source
    Interest Income 10% at the source
    Capital Gains Included to general revenues (corporate income tax -- 20%, individual income tax -- 12%)
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     Structure & Regulations
    Legal Not-for-profit company, special status within the law
    Regulation Self-regulations, supervised by state regulator
    Securities market regulations Law on Securities Market, Rules of the Regulator and GSE rules
    Trading rules GSE Rules
    Surveillance Yes, electronic
    Corporate actions Managed by an issuer
    Trading halts regulations Yes, if necessary
    Investor protection No
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     Foreign Participation
    Foreign investors No restrictions
    Investment limitations No limitations
    Repatriation No restrictions
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     Minimum Listing Requirements
      Listed 3rd Category (start up)
    Minimum Paid-In Capital US$ 100,000 N/A
    Years of Business Activity Not less than 3 years N/A
    Capitalization of Issue N/A N/A
    Free Float N/A N/A
    Free Float Ratio N/A N/A
    Minimum # of Shareholders N/A N/A
    Minimum Years of Positive Financial Results At least 2 yeas during the past 3 years N/A
    # Prior Years Audited Financial Accounts N/A N/A
    # Times Dividends Distributed in Last 3 Years N/A N/A
    Whole Class of Securities to be Issued N/A N/A
    Listing Agreement with Central Depository N/A N/A
    Prospectus N/A N/A
    Special Requirements According to the Law on the Securities Market, only securities of the companies which comply with the following requirement shall be admitted to the Exchange for trading:
    1. The company securities register is maintained by an independent share registrar and
    2. The issuer maintains its accounting records and bookkeeping in accordance with International Accounting Standards    		 According to the Law on the Securities Market, only securities of the companies which comply with the following requirement shall be admitted to the Exchange for trading: Their securities register is maintained by an independent share registrar.
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    		•
     Contact Information
    Director Mr. George LOLADZE, Chairman of the Supervisory Board
    gloladze@gse.ge
    Address 74a Chavchavadze Ave. 0162 Tbilisi GEORGIA
    Telephone +995 32 22 07 18, 22 07 49
    Fax +995 32 25 18 76
    Email info@gse.ge
    Contact Person Ms. Irina Tsiklauri
    itsiklauri@gse.ge
    +995 32 22 07 18, 22 07 49
    +995 32 25 18 76
    Website http://www.gse.ge
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     Calendar of Holidays
    2010 Public Holidays for Georgia
    No data available
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     Market Capitalization & Index
    Export table to MS Excel
      Market Capitalization US$ Millions Index
    9/2009 724.0722 76.2129
    10/2009 721.7199 77.1019
    11/2009 738.8203 76.2669
    12/2009 733.3154 74.7349
    1/2010 812.9070 87.0240
    2/2010 827.0137 84.8316
    3/2010 873.0429 85.6688
    4/2010 763.5022 81.1580
    5/2010 755.2774 75.4150
    6/2010 745.8468 75.2481
    7/2010 805.0075 81.9779
    8/2010 850.4952 88.6997
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     Featured Charts

    Volume (US$ Millions)


    Index
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     Related Links
    Websites and pages of interest, related to Georgian SE. (Links will open in a separate window.)

    Financial Monitoring Service of Georgia

    Georgian Central Secrities Depository

    Georgian Corporate Directors Association

    Georgian Secrities Industry Association

    Ministry of Finance of Georgia

    National Bank of Georgia

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