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Tuesday, May 28, 2024
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Examining Montenegro Stock Exchange’s first quarter turnover patterns

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In the initial quarter, the Montenegro Stock Exchange recorded a total turnover of 892.41 thousand EUR, indicating a notable decrease of about 72 percent compared to the corresponding period in the previous year, according to the Montenegro Stock Exchange Quarterly Bulletin.

The average daily turnover for the quarter stood at 15.13 thousand EUR. Trading activity persisted for 59 days during this period, resulting in 348 transactions being finalized.

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Specifically, transactions on the prime market amounted to 213.59 thousand EUR, with 78 transactions taking place. Similarly, the standard market saw 39 transactions with a turnover of 13.14 thousand EUR.

On the free market, 199 transactions were conducted, accumulating a total turnover of 616.03 thousand EUR. Meanwhile, on the MTP ME market, 32 transactions were registered, amounting to a turnover of 49.65 thousand EUR.

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As of March 31st, the aggregate market capitalization of shares reached 2.55 billion EUR, marking a growth rate of 3.73 percent compared to the same period last year, reflecting an increase of 91.63 million over the year.

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