Montenegro Stock Exchange


Montenegro Stock Exchange
Montenegro Stock Exchange
Type Stock exchange
Location Podgorica, Montenegro
Founded 1993
Owner Publicly-owned company
Key people Đorđe Đurđić (Chairman)
Dejana Šuškavčević (CEO)
Currency Euro
No. of listings 38
MarketCap US$3.92 billion (February 2010)
Indexes MONEX20 MONEXPIF
Website www.montenegroberza.com

The Montenegro Stock Exchange (MNSE) (Montenegrin: Montenegroberza, a.d.) is a stock exchange located in Podgorica, Montenegro. It is Montenegro's only stock exchange.

The MNSE was founded 1993, and is a member of the WFE, FESE and FEAS. As of 10 January, 2011 it fully incorporated NEX Stock Exchange, also in Podgorica, forming a single Montenegrin capital market.

Trading on the MNSE consists of short and long term securities, six investment funds, bonds, and shares from government funds portfolios. The MONEX20 nad MONEXPIF are the principal stock indecis of the Montenegro Stock Exchange.

Contents

History

The Montenegro Stock Exchange was founded in 1993 by NLB Montenegrobanka, Pljevaljska banka, Beranska banka, Hipotekarna banka, Podgorička banka, Jugobanka, Nikšićka banka, Lovćen osiguranje and Agroosiguranje.

On 5 January 2010, Atlas corporation became the majority shareholder of the Montenegro Stock Exchange.[1]

In January 2010, stockholders in NEX approved a merger with the Montenegro Stock Exchange, initially expected to take place within two to three months.[2] However, the two were technically merged on 31 December 2010, with their systems jointly operating since 10 January 2011.[3] The merger consolidated and simplified securities trading in Montenegro.

See also

External links

References

  1. ^ "Crna Gora u 2010 – 1.dio", RTCG, 30 December 2010, http://www.rtcg.me/vijesti/politika/aktuelno/36440-crna-gora-u-2010-1dio.html 
  2. ^ "Montenegro’s Two Stock Exchanges Approve Merger", SeeNews, 29 January 2010, http://www.seenews.com/news/latestnews/montenegro___stwostockexchangesapprovemerger-153755/ 
  3. ^ "Sjutra spajanje berzi", RTCG, 30 December 2010, http://www.rtcg.me/vijesti/ekonomija/info/36554-sjutra-spajanje-berzi.html 

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