| Latest News |
 |
Banja Luka SE Future Outlook
Future Outlook 2009
Banja Luka SE Future Outlook 2008
Future Outlook 2006
| Official 12 Month Statistics |
|
 |
| |
US$ Millions |
# Shares Millions |
| Total Volume |
Avg. Daily Volume |
Total Volume |
Avg. Daily Volume |
| Stocks |
| 8/2009 |
2.1341
|
0.1016
|
5.4206
|
0.2581
|
| 9/2009 |
2.9434
|
0.1338
|
5.7345
|
0.2607
|
| 10/2009 |
3.0643
|
0.1393
|
3.5179
|
0.1599
|
| 11/2009 |
2.2661
|
0.1079
|
6.0194
|
0.2866
|
| 12/2009 |
5.1850
|
0.2254
|
17.2122
|
0.7484
|
| 1/2010 |
1.2523
|
0.0835
|
30.4416
|
2.0294
|
| 2/2010 |
1.4769
|
0.0738
|
6.9426
|
0.3471
|
| 3/2010 |
2.5866
|
0.1125
|
35.6218
|
1.5488
|
| 4/2010 |
1.3223
|
0.0661
|
5.7938
|
0.2897
|
| 5/2010 |
1.3790
|
0.0726
|
4.9534
|
0.2607
|
| 6/2010 |
1.2910
|
0.0587
|
8.5927
|
0.3906
|
| 7/2010 |
3.6587
|
0.1663
|
5.0990
|
0.2318
|
| TOTAL |
28.5598
|
0.1142
|
135.3495
|
0.5414
|
| Bonds |
| 8/2009 |
1.4951
|
0.0712
|
4.6663
|
0.2222
|
| 9/2009 |
2.4923
|
0.1133
|
6.2388
|
0.2836
|
| 10/2009 |
1.6532
|
0.0751
|
4.3340
|
0.1970
|
| 11/2009 |
3.1915
|
0.1520
|
9.9982
|
0.4761
|
| 12/2009 |
5.6900
|
0.2474
|
19.3321
|
0.8405
|
| 1/2010 |
0.3667
|
0.0244
|
1.2494
|
0.0833
|
| 2/2010 |
0.3768
|
0.0188
|
1.7124
|
0.0856
|
| 3/2010 |
3.1327
|
0.1362
|
3.9573
|
0.1721
|
| 4/2010 |
0.9672
|
0.0484
|
3.8739
|
0.1937
|
| 5/2010 |
0.7706
|
0.0406
|
3.5436
|
0.1865
|
| 6/2010 |
0.9157
|
0.0416
|
4.4940
|
0.2043
|
| 7/2010 |
1.6602
|
0.0755
|
8.8116
|
0.4005
|
| TOTAL |
22.7120
|
0.0908
|
72.2117
|
0.2888
|
| Other |
| 8/2009 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 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
|
| TOTAL |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 5 Year Statistical Comparison |
|
| |
2006 |
2007 |
2008 |
2009 |
YTD 2010 |
|
Number of Companies |
807
|
830
|
863
|
862
|
861
|
|
Market Capitalization (US$*) |
5335.2759
|
6196.831
|
2623.0989
|
2820.7598
|
2309.5822
|
|
Total Vol.-Stocks (US$*) |
224.4043
|
411.1024
|
79.256
|
34.5936
|
12.9669
|
|
Total Vol.-Stocks (# Shares*) |
707.93
|
702.4969
|
344.3503
|
81.4621
|
97.4449
|
|
Avg. Daily Vol.-Stocks (US$*) |
0.9886
|
1.6711
|
0.3196
|
0.1384
|
0.092
|
|
Avg. Daily Vol.-Stocks (# Shares*) |
3.1186
|
2.8557
|
1.3885
|
0.3258
|
0.6911
|
|
Total Vol.-Bonds (US$*) |
0
|
0.0413
|
6.8967
|
21.9241
|
8.1899
|
|
Total Vol.-Bonds (# Shares*) |
0
|
0.0007
|
9.5835
|
54.6148
|
27.6422
|
|
Avg. Daily Vol.-Bonds (US$*) |
0
|
0.0003
|
0.0299
|
0.0877
|
0.0581
|
|
Avg. Daily Vol.-Bonds (# Shares*) |
0
|
0
|
0.0415
|
0.2185
|
0.196
|
|
Total Vol.-Other (US$*) |
0
|
0
|
0
|
0
|
0
|
|
Total Vol.-Other(# Shares*) |
0
|
0
|
0
|
0
|
0
|
|
Avg. Daily Vol.-Other (US$*) |
0
|
0
|
0
|
0
|
0
|
|
Avg. Daily Vol.-Other (# Shares*) |
0
|
0
|
0
|
0
|
0
|
|
Monthly Avg. Turnover Ratio |
0.0035
|
0.0055
|
0.0025
|
0.001
|
0.0008
|
|
Index |
1945.66
|
1902.31
|
710.05
|
728.68
|
521.25
|
|
Currency/US$ |
1.4826
|
1.348
|
1.4477
|
1.3611
|
1.5397
|
* in millions
| Days |
Monday to Friday
|
| Hours |
8:30-13:00
|
| Market segmentation |
Official and Free market
|
| System |
Automated, remote access, data dissemination, WAN
|
| Mechanisms |
Continuous Trading and Call auctions (single price auction), Banja Luka auctions
|
| Market-maker/ Specialists |
No
|
| Instruments |
Stocks, Bonds
|
| Currency |
Local
|
| Real time information |
Brokerage Houses, Banks, Privatization Investment Funds, SEM-ON.net users (freely accessible), private and legal entities, Vendors
|
| Central Depository |
Central Registry of Securities
|
| Period |
T+3
|
| Registered |
Yes
|
| Settlement |
Book entry, multilateral netting
|
| Clearing |
Transaction by transaction
|
| DVP |
full DVP
|
| Clearing Institution |
Central Registry of Securities
|
| Risk Sharing |
Yes
|
| Margin/Lending |
No
|
| Custodians |
Central Registry of Securities, Custodian Banks
|
| Cash Dividends |
Natural ( physical) persons both residents and not residents do not pay any taxes on dividend and capital gain. Lagal entities ( both resident and not resident) do not pay taxes on capital gain and dividend but capital gain and dividend are included in total revenue, and income is taxed at 10%. There are also deductible items in taxation.
|
| Interest Income |
See above
|
| Capital Gains |
See above
|
| Legal |
Special status withing the law. Private shareholding copany. Can pay up to 50% of profit as dividend. Divided membership from ownership.
|
| Regulation |
The operation of stock exchange is regulated by the Law on Capital Market, Statute and Stock Exchange Rules. The Authority recognizes the self-regulatory responsibility of the exchange. The Exchange maintains arbitration facilities for disputes among members.
|
| Securities market regulations |
The securities markets are regulated by three main laws. Law on Capital Market regulate following: the issue of securities, transactions with securities, establishment and operation of authorised market participants, regulation of establishment and activities of stock exchanges and other authorised public markets, establishment and activities of Central Registry of Securities, investor protection, organisation and competence of Securities Commission and other issues for successful functioning of securities markets. The by-laws are jointly developed by Securities Commission, the Exchange and the authorised market participants.. The Securities Commission regulates by adopting rules and regulation which deal with specific issues in more detail. Law on Takeovers regulates the following: the conditions for submitting takeover bids, the takeover procedure, rights and procedures of participants in takeover procedures and supervision. The Investment Funds Act regulates the terms and conditions for establishment of funds and management companies, issue and sales of units and shares and other issues relating to funds industry.
|
| Trading rules |
The trading rules of the stock exchange regulates listing requirements, stock exchange membership, trading in securities and surveillance over stock exchange members In case members do not comply with the rules issues by the exchange, the exchange imposes disciplinary actions such as fines, suspension of membership and/or exclusion from membership. Further, the disciplinary rules include appeal procedures. The exchange also has specific rules regarding insider trading, but does not have specific regulations regarding the investment in securities by employees.
|
| Surveillance |
The exchange monitors members trading activities regarding compliance with exchange rules.
|
| Corporate actions |
Centralized (Central Depository manages splits and subscriptions). Stock Exchange publishes corporate actions on its web pages.
|
| Trading halts regulations |
Yes, ban on trading and Suspension of official listing
|
| Investor protection |
Yes, the investor can apply for compensation through the discretionary power of the scheme. The scheme is funded by annual contributions according to trading activites. Market participants are compulsory inssured against claims from investors for malpractice.
|
| Foreign investors |
A foreign investor has equal rights to a native investor concerning rights and liabilities and legal status in an enterprise. A foreign investor acquires the right on additioanl guaranties that are not granted to local persons since the Constitiutions of the Republic of Srpska prescribes that the right acquired by investment of capital shall not be reduced by the law or any other regulation and guarantees free expatriation of profit and of capital after the end of investment.
|
| Investment limitations |
No limitations.
|
| Repatriation |
No Restrictions.
|
| Minimum Listing Requirements |
| |
Official Market |
Free Market |
| Minimum Paid-In Capital |
List A: KM 10,000,000; List B: KM 3,000,000 |
N/A |
| Years of Business Activity |
List A: 3 Years; List B: 2 Years |
N/A |
| Capitalization of Issue |
List A: KM 1,000,000; List B: KM 1,000,000 |
N/A |
| Free Float |
List A: Yes; List B: Yes |
Yes |
| Free Float Ratio |
List A: At least 15%; List B: at least 15% |
N/A |
| Minimum # of Shareholders |
List A: 100; List B: 50 |
N/A |
| Minimum Years of Positive Financial Results |
N/A |
N/A |
| # Prior Years Audited Financial Accounts |
N/A Audited financial statements |
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 |
List A: adopted standard of corporate governance and disclosure in English |
Shares listed on the free market must be fully paid-in and freely transferable. Upon the submission of the last financial statement and completed registration in the Central Registry shares are admitted on the stock exchange free market. |
| Additional Special Requirements |
N/A |
N/A |
|
 |
| Contact Information |
 |
| Calendar of Holidays |
 |
| 2010 Public Holidays for Bosnia-Herzegovina |
| No data available |
|
| Market Capitalization & Index |
|
| |
Market Capitalization US$ Millions |
Index |
| 8/2009 |
2,746.6899
|
744.1500
|
| 9/2009 |
2,877.2259
|
776.1800
|
| 10/2009 |
2,909.8523
|
776.5000
|
| 11/2009 |
2,962.7198
|
778.9100
|
| 12/2009 |
2,820.7598
|
728.6800
|
| 1/2010 |
2,805.2757
|
712.6100
|
| 2/2010 |
2,595.1458
|
650.5800
|
| 3/2010 |
2,589.6417
|
638.3900
|
| 4/2010 |
2,634.9336
|
634.5400
|
| 5/2010 |
2,370.0381
|
570.6600
|
| 6/2010 |
2,245.1467
|
516.1700
|
| 7/2010 |
2,309.5822
|
521.2500
|
| Featured Charts |
 |
Volume (US$ Millions)
Index
|
| Related Links |
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