Belgrade SE 2005 Semi-annual report

Turnover on the Belgrade Stock Exchange in the first six months of 2005 was higher than in the same period in 2004, but the turnover structure has been changed in favor of shares and long-term government bonds. Furthermore, shares trading in the first six months significantly exceeded trading in Republic of Serbia bonds as related to turnover structure, resulting in total value of US$ 275.7 million or 80.5% of total turnover, through more than 62.3 thousand transactions. Trading in bonds issued by the Republic of Serbia resulted in turnover of US$ 66.5 millions made through 23.7 thousands transactions, and has created a share in annualized turnover of 19.6%, and 27.6% in total number of transactions. BSE total turnover value in the first six months of 2005 reached US$ 342.2 million through total of 86 thousand of transactions, which is 2.7% rise in turnover value, and 40.1% rise in the number of transactions, comparing the same period last year.