All these data, Kurbegović said, show that we cannot speak of downward trend in the capital market in any sense.
In the past year, the main activities of SASE reflected in the creation of the new web site of SASE with new and extended volume of information on trade, issuers, financial reports, indicators, etc. besides that, a completely new platform for publishing information about issuers – public disclosure platform – was also developed.
When asked how to attract foreign investors, Kurbegović said that, regardless of whether it is a domestic of foreign investor, each investor who invests in securities makes his investment decision based on two main parameters: expected return on investment and investment risk.
“In order for the investors to estimate these parameters in one company in the first place, they must dispose with timely and accurate information about its operations, including periodical financial reports and price-sensitive information. Thereby, the first step towards attracting investors is strict implementation of regulations which regulate the reporting. The second very important factor is the protection of shareholders, regardless of whether it is about major or minor shareholders. This requires from the state to prescribe strict minimum standards of management that all joint-stock companies must comply with. A very important factor for foreign investors is also the market liquidity. Currently the most optimal way to increase the liquidity is regional connection of stock exchanges that would internally increase regional liquidity and result in attracting foreign investors who would, in turn, additionally increase the liquidity,” Kurbegović said.
Kurbegović pointed out that SASE constantly insists on and works on educating the public about capital market.
(Source: novovrijeme.ba/ photo avaz)
