CAPITAL MARKETS

Stock market trading to cease on December 18 until January 7

On December 2, the Bratislava Stock Exchange (BCPB) saw movement mainly in shares of Slovenská Poisťovňa (SP), Slovakia's largest insurer, when 64,000 SP shares were transferred on the SAX for 943 Slovak crowns per share ($ 26). The SAX inched up 0.14% up to 85.52, reboiunding from lows of around 81 reached the week before.
On the direct sales market, 128,000 SP shares sold at 1,725 Sk ($ 48). In total, sales worth 486 million Sk ($13.5 million) were done that day. Roman Guderma, a Tatra Banka broker, told the SITA news agency that the above mentioned stake of 64,000 shares changed hands three times at prices of 933 Sk , 941 Sk and 1,724 Sk.

On December 2, the Bratislava Stock Exchange (BCPB) saw movement mainly in shares of Slovenská Poisťovňa (SP), Slovakia's largest insurer, when 64,000 SP shares were transferred on the SAX for 943 Slovak crowns per share ($ 26). The SAX inched up 0.14% up to 85.52, reboiunding from lows of around 81 reached the week before.

On the direct sales market, 128,000 SP shares sold at 1,725 Sk ($ 48). In total, sales worth 486 million Sk ($13.5 million) were done that day. Roman Guderma, a Tatra Banka broker, told the SITA news agency that the above mentioned stake of 64,000 shares changed hands three times at prices of 933 Sk , 941 Sk and 1,724 Sk.

At its November 27 meeting, the Chamber of the BCPB decided to accept brokerage company Capital Invest, a.s., as a temporary stock exchange member. It also approved the admission of the bonds of SES Tlmače, an engineering works provider, and SCP Ružomberok, a pulp and paper mill company, to the listed securities market.

The BCPB Chamber decided also on a public warning for issuers AssiDomän Packaging Štúrovo, Hydrostav, Chemolak, Juhocukor, Matador, Palma-Tumys, Slovakofarma, and Slovenské Elektrárne because they did not meet the disclosure obligation of listed stock issuers.

The Chamber also approved the stock exchange holiday from December 21, 1998 to January 6, 1999. December 18 will be the last trading day of this year, and the new year's trading will strart on January 7 next year.

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