Retrospective of Macedonian Capital Market for the Period 2004-2013

Dimitrova, Janka and Fotov, Risto and Gorgieva-Trajkovska, Olivera and Todorovska, Marija (2014) Retrospective of Macedonian Capital Market for the Period 2004-2013. International Journal of Sciences: Basic and Applied Research (IJSBAR), 15 (2). pp. 289-309. ISSN 2307-4531

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Abstract

Investments on the capital market depends on the current political situation of the country, as well as on the movements of the global economy. In countries with unstable political situation, the performance of the stock exchange declines, unlike politically stable countries, where stock exchange operation is carried out continuously, the stock exchange is a mirror and a barometer of general developments in a society. The economic crisis that spread all around the world in 2008, triggered the strongest negative effect on the capital markets, both on the trading volume and on securities’ prices. Prices of securities were falling overnight and stock indices also. In most cases an absurd situation occurred, where although companies showed good financial results and had promising investment activities, stock prices were still falling because of the euphoric panic that investors would lose their ventures, so they sought to take the last chance to save what can be saved.
Macedonian capital market, although relatively young, experienced its flourish in 2006 and 2007, but also felt and still feels the effects of the global economic crisis.
Keywords: securities, investors, transactions, portfolio.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Olivera Trajkovska
Date Deposited: 27 Oct 2014 11:02
Last Modified: 27 Oct 2014 11:02
URI: https://eprints.ugd.edu.mk/id/eprint/11196

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