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FEDERATION OF EURO-ASIAN STOCK EXCHANGES ANNUAL REPORT APRIL 2011
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
Mustafa Baltaci
Secretary General of FEAS
As of December 2010, the number of traded
companies in FEAS member markets
reached a regional total of 10,504, and
market capitalization reached US$ 866,664.0
million showing an increase of US$
110,337.3 million or 14.6% over 2009.
2010 MARKET ACTIVITy IN THE REGION
The FEAS Region contains 34 member
exchanges and 13 affiliate members
(represented by clearing and settlement
institutions, dealer’s associations and regional
federations) in 30 countries.
As of December 2010, the number of traded
companies in FEAS member markets reached
a regional total of 10,504, and market
capitalization reached US$ 866,664.0 million
showing an increase of US$ 110,337.3 million
or 14.6% over 2009. The FEAS region over the
last 5 years has grown consistently with a break
in that pattern in 2008 due to the global crisis.
We can see that the effects of the crises were
more strongly felt in 2009 as compared to 2008
although signs of recovery in the 2nd half of the
year helped to buffer the losses. In 2010 Total
volume in Equity Trading increased by 10%.
*The 5-year statistical comparison shows that
markets are providing stronger listings with
greater transparency, and that market forces
continue to push toward issuer quality versus
material privatization quantity. The trading
volumes in the stock segment continued to
grow over the last 5 years with a 10.7%
increase in 2010 in terms of number of shares
traded. The Bonds segment displayed by yearend
2010 results were quite strong in both
dollar and absolute volume terms among the
three trading segments (Stocks, Bonds, Other)
showing a 48.2% increase in the Average Daily
volume (US$ Millions) and a 3.2% increase in
volume in numerical terms as compared to
2009. Turnover in the Other segment is also
reflecting signs of recovery with an 30.8%
increase from the same period last year. The
regional figures show a shift in trading from
Stocks to Bonds and Other, the “Other” trading
segment continues to be ranked first as the
most popular trading segment within the region.
Other volume is made up by such instruments
as t-bills, currency, repo/reverse repo and
derivatives
In addition, the development in the FEAS
markets can be seen through results in the
adjusted annualized return on member indices.
* For individual member statistics, please go to the Member
Profile sections in the following pages.
2011 CALENDAR OF MEETINGS
Capital Market In Iraq & Economic
Growth Requirements Conference 2011
Date: February 26-27, 2011
Host: Iraq Stock Exchange
Place: Bagdat, Iraq
FEAS Executive Committee Meeting
Date: May 6, 2011
Host: Macedonian SE
Place: Ohrid, Macedonia
SASE 6th Annual Conference
Date: October 14, 2011
Host: Sarajevo SE
Place: Sarajevo, Bosnia
11th Annual Conference of the Macedonian
Stock Exchange
Date: May 9-10, 2011
Host: Macedonian Stock Exchange
Place: Ohrid, Macedonia
FEAS Working Committee Meeting
Date: May 5, 2011
Host: Macedonian SE
Place: Ohrid, Macedonia
FEAS 2nd Marketing Exhibition
Date: September 29-30, 2011
Host: FEAS & KASE
Place: Almaty, Kazakhstan
FEAS Working Committee, 23rd Executive
Committee and 17th General Assembly
Host: Kazakhstan SE
Date: September 28-29, 2011
Place: Almaty, Kazakhstan
Zagreb 21st Annual Conference
Date: October 20, 2011
Host: Zagreb SE
Place: Rovinj, Croatia
10th International Conference of Belgrade SE
Host: Belgrade SE
Date: November 15-16, 2011
Place: Belgrade, Serbia
FEAS REGION
2010-MARKET CAPITALIZATION
VS STOCK VOLUME
(US$ millions)
FEAS REGION
2010-MONTHLY VOLUME
(US$ millions)
FEAS REGION
5-YEAR VOLUME COMPARISON
(US$ millions)
900,000
800,000
700,000
600,000
500,000
400,000
300,000
200,000
100,000
0
60,000 700,000
50,000
600,000
500,000
40,000
400,000
30,000
300,000
20,000
200,000
10,000 100,000
0
0
J F M A M J J A S O N D Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0
2006 2007 2008 2009
2010 YE
Market Cap.
Monthly Stock Volume
Stocks
Bonds
Other
Stocks
Bonds
Other
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