MONTHLY OVERVIEW OF DEVELOPMENTS ON THE MARKET OF FINANCIAL INSTRUMENTS

Transcription

1 MONTHLY OVERVIEW OF DEVELOPMENTS ON THE MARKET OF FINANCIAL INSTRUMENTS August page 1/9

2 1 MARKET OF FINANCIAL INSTRUMENTS Table 1: General indicators General indicators / Dec / Jan / Feb / Mar / Apr / May / Jun. The SBI TOP index The DOW index The FTSE 100 index The NIKKEI 225 index The DAX index ECB reference exch. rate: EUR/USD ECB reference exch. rate: EUR/JPY Value of North Sea oil Brent (barrel, in USD) Gold price (standard fine gold, 24 carat) Turnover on the regulated market (1000 EUR) Equity market Bond market Treasury bills Market capitalisation on the Ljubljana Stock Exchange (EUR billion) Number of trades Number of issues of financial instruments Companies authorised to provide investment services and activities Brokerage companies Banks Management companies Savings banks 806,52 831,65 817,82 817,45 841,75 881,69 886, , , , , , , , , , , , , , , , , , , , , , , , , , , , ,00 1,1993 1,2457 1,2214 1,2321 1,2079 1,1699 1, ,01 135,60 130,72 131,15 132,12 127,33 129,04 66,87 69,05 65,78 69,34 75,17 76,61 79, , , , , , , , Source: Securities Market Agency, Ljubljana Stock Exchange, Bank of Slovenia and Bloomberg. page 2/9

3 jun.17 jul.17 aug. 17 sep.17 okt.17 nov.17 dec.17 jan.18 feb.18 mar.18 apr.18 may 18 jun Figure 1: Movement of the SBITOP index from January 2017 to June Source: Ljubljana Stock Exchange. Figure 2: Turnover of financial instruments traded on the regulated market from June 2017 to June (in million EUR) Shares Bonds Source: Ljubljana Stock Exchange. page 3/9

4 2 APPROVAL OF A PROSPECTUS FOR ADMISSION OF SECURITIES TO TRADING ON THE REGULATED MARKET AND APPROVAL OF A PROSPECTUS FOR ADMISSION OF SECURITIES TO PUBLIC OFFER In June there was no approval of prospectus for admission of securities to public offer and no approval of prospectus for admission of securities to trading on the regulated market. Exemptions from the obligation to publish a prospectus for certain types of the offering of securities In the period from 1 st June to 30 th June the Agency received 7 notifications of the issuer of securities on the application of exemption from the publication of a prospectus. These are notifications in cases in which the issuers are not obliged to obtain the approval of the prospectus for offering securities to the public for individual types of offers of securities, since they need not compile a prospectus. Of the above-mentioned notifications, one issuer announced the issue of structured product in a total value of EUR 3,000,000.00, one issuer announced the issue of debt securities in a total nominal value of EUR 20,000,000.00, four issuers announced the issue of shares in a total value of EUR 5,724,558.00, and one issuer merely informed the Agency of the application of the exemption. 3 TAKEOVERS In June there were three authorisations for takeover bids. Table 2: Authorisations for takeover bids in June Zap. št. Prevzemnik Ciljna družba Način plačila 1. ALPSKA INVESTICIJSKA DRUŽBA, d. o. o., Ljubljana 2. INTUS INVEST, investicijske rešitve, d. o. o., Ljubljana 3. HISENSE Luxembourg Home Appliance holding S.a.r.l., Luxembourg Source: Securities Market Agency REKREACIJSKO TURISTIČNI CENTER KRVAVEC, d. d., Cerklje na Gorenjskem NARAVNO ZDRAVILIŠČE TOPOLŠICA, d. d., Topolšica GORENJE gospodinjski aparati, d. d., Velenje cash cash cash Uspešnost/ datum odločbe o uspešnosti successful, 14. June successful, 18. June successful, 29. June page 4/9

5 Table 3: Takeovers, 1998 to 2017 (in EUR million) Year Successful takeovers Failed takeovers Number of Nominal Market value Year Nominal takeovers value of of takeovers value of takeovers takeovers Market value of takeovers , * 1, *** *** *** *** 48,70 1 0*** 4, *** 37,40 1 0*** 0, *** 115, *** 336, *** 177, *** 5, *** 23, Total , , ,71 147,42 Notes: *In 2007, the value of four takeovers can be expressed in nominal terms while the rest of the shares were issued as no-par value shares. **Data until 31 January 2006 calculated on the basis of the exchange rate of EUR 1 = SIT ***No data is available on the nominal value of takeovers in 2008 since shares were issued as no-par value shares. 4 MUTUAL FUNDS Table 4: General information on the operation of mutual funds at the end of 2016, 2017 and in the period from March to June page 5/ Number of management companies Number of mutual funds Equity MFs Balanced MFs Bond MFs Money-market MFs other MFs / No. of investors in MFs 422, , , , , ,184 MF assets (in thousand EUR) 2,474,215 2,664,837 2,636,832 2,681,114 2,721,729 2,704,714 Net payments 16,074-26,949 1, ,039

6 (in thousand EUR) Redemption in MF (in thousand EUR) Payments from MF (in thousand EUR) Number: Investment fund from the EU Member States ,313 49,472 41,305 39,505 34,376 34,753 78,240 76,421 39,916 38,989 33,494 36, Remark: 1 One management company also manages 3 mutual funds formed in another Member State which are not included in the table. page 6/9

7 Figure 3: Total assets and number of unit holders of mutual funds in the period from January to June Source: Securities Market Agency Figure 4: Sales, redemptions and net sales of mutual funds in the period from January to June Source: Securities Market Agency page 7/9

8 5 ALTERNATIVE INVESTMENT FUND Tabele 5: General information on the operation of AIS at the end of , and The number of registered AIF managers based in the Republic of Slovenia The number of AIF managers based in the Republic of Slovenia with the SMA license to manage AIF The number of AIFs with Special Investment Fund status managed by managers based in the Republic of Slovenia The number of AIFs without status managed by managers based in the Republic of Slovenia Assets under management of AIFs managed by managers based in the Republic of Slovenia (in mio. EUR) The number of AIFs from other Member States that meet the conditions for marketing to professional investors in the Republic of Slovenia under AIFMD The number of European venture capital funds (EuVECA) from other Member States that meet the conditions for marketing in the Republic of Slovenia Source: Securities Market Agency 6 MUTUAL PENSION FUNDS Table 6: General information on mutual pension funds (MPF) at the end of 2016, 2017 and in the period from March to June No. of MPF Number of operators No. of members - total 266, , , , , ,151 Number of members collectively ins. 264, , , , , ,219 Number of members individually ins. 2,448 2,456 2,449 2,446 2,454 2,456 Net payment (in thousand EUR) 4,608 8,213 8,987 10,495 10,205 9,352 MPF assets (in thousand EUR) 1,011,680 1,065,717 1,072,524 1,083,027 1,092,403 1,100,351 Market concentration - share of the largest fund 70.85% 69.99% 70.07% 70.06% 69,99% 70,00% - share of three largest funds 92.55% 90.75% 90.56% 90.32% 90,12% 90,05% Net asset value (in thousand EUR) 1,008,610 1,061,477 1,067,445 1,079, page 8/9

9 Figure 5: Net payment and number of members of mutual pension funds in the period from January to June Figure 6: Assets and net present value of mutual pension funds in the period from January to June page 9/9