Bratislava Stock Exchange’s SAX index suffers significant slide in last week

Slovakia's SAX stock exchange index suffered a significant fall at the beginning of the year, tumbling 37.54 points to 229.43 points, the SITA newswire wrote. The downswing was ascribed particularly to a deep fall in share prices of OTP Banka Slovensko, which lost 46.24 percent in weekly terms and fell to a price of €5.00, SITA wrote. Share prices of VÚB Banka slid 1.25 percent to €63.20. On January 4 and 5, the SAX index stagnated at 266.97, but lost 36.75 points on January 7. Moreover, it saw further losses of 0.79 points at the end of that week.

Slovakia's SAX stock exchange index suffered a significant fall at the beginning of the year, tumbling 37.54 points to 229.43 points, the SITA newswire wrote. The downswing was ascribed particularly to a deep fall in share prices of OTP Banka Slovensko, which lost 46.24 percent in weekly terms and fell to a price of €5.00, SITA wrote. Share prices of VÚB Banka slid 1.25 percent to €63.20. On January 4 and 5, the SAX index stagnated at 266.97, but lost 36.75 points on January 7. Moreover, it saw further losses of 0.79 points at the end of that week.

The remaining three stocks in the SAX index reported no change in a week-on-week comparison. Turnover on the Bratislava Stock Exchange over the past shortened week amounted to €4.4 million. Of this, anonymous transactions accounted for €391,400 and share trading amounted to €13,000. Last year, the volume of trading at the BCPB declined by more than a half to €11.79 billion in 2009, the ČTK wrote. The number of transactions fell to 3,626. SITA, ČTK

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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