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ECONOMIC BRIEFS

BCPB turnover was 26.8bn Sk in 1H97

Turnover on the Bratislava Stock Exchange (BCPB) was 26.8 billion Sk for the first six months of 1997, an approximately 50 percent increase compared to the same period in 1996. Analysts said the increase was not brought about by stock trading but by bond trading. While 91 new security issues were introduced to the market last year, the exchange has brought on 119 so far this year.

Foreign investors' share of trading increased this year as well. While for all of 1996 foreign investors made up 10 percent of total sales of securities, this year the share increased to 22 percent. The percentage of securities purchased by investors from abroad also increased, from 15 to 24 percent, which translates into a 23 percent share on total turnover so far this year, compared to 13 percent in 1996.

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