BLSE news
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Public invitation for subscription and payment of the Republic of Srpska bondsPrimarily Intended for the Population
Public invitation for subscription and payment of the Republic of Srpska bondsPrimarily Intended for the Population
Number: 06.08/020-942/25Date: 19 March 2025Pursuant to Article 33, paragraph 1 of the Law on Borrowing, Debt and Guarantees of the Republic of Srpska (Official Gazette of the Republic of Srpska, 71/12, 52/14, 114/17, 131/20, 28/21 and 90/21), and in accordance[…]
Created on: 20.03.2025 07:49
20.03.2025 07:49 -
Komunalno a.d. Trebinje – Increasing number of shares KMTB-R-A
Komunalno a.d. Trebinje – Increasing number of shares KMTB-R-A
The number of shares (KMTB-R-A) increases by 141,047 shares with a nominal value of 1 BAM.After the increase, the total number of shares was increased to 504.658 shares with a nominal value of 1 BAM.
Created on: 19.03.2025 12:01
19.03.2025 12:01 -
Trudbenik a.d. Doboj - bankruptcy proceedings - Temporary Trading Halt
Trudbenik a.d. Doboj - bankruptcy proceedings - Temporary Trading Halt
Trudbenik a.d. Doboj - bankruptcy proceedings - Temporary Trading Halt
Created on: 12.03.2025 08:27
12.03.2025 08:27
Trade systems
Securities are classified into the following organized markets:
- the official stock exchange,
- the free market.
At the Banja Luka Stock Exchange, trading is performed in accordance with the continuous method and the method of periodic auctions with a prevailing price. Trading takes place five days per week: on Mondays, Tuesdays, Wednesdays, Thursdays and Fridays.
d Fridays.
Continuous trading method
The continuous method is used to trade shares of issuers at the stock exchange quotation. Continuous trading method is also used to trade shares at the free market that meet the liquidity criteria.
The liquidity criteria are:
- the securities trading value (BAM) divided by the number of possible trading days exceeds or equals BAM1,000.00,
- the number of transactions of securities divided by the number of possible trading days exceeds or equals 3 and
- the number of days of securities trading divided by the number of possible trading days exceeds or equals 0.50
The number of possible trading days must be greater than 30.
Liquidity criteria are calculated by obtaining data for the period of the previous six (6) months in relation to the day on which the calculation is made.
Trading is divided into three stages:
- before the market opening (from 8:30 to 09: 30+ "random time")
- opening the market (from 09:30 + "random time" until 13:00)
- closing the market (13:00)
Interrupted auctions last for 15 to 20 minutes. Daily price fluctuation is limited to ± 20% (static limit). Dynamic limits are at ± 3% (dynamic limit).
The equilibrium course at the market opening is calculated according to the following algorithm:
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volume of the largest volume of turnover,
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minimal residue,
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if the rest is on the purchase side, the highest price is taken and if the lowest price is on the sales side, the lowest price is taken into account,
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average price between the two selected prices according to the previous criteria.
Auction trading method
The auction method is used to trade shares of issuers at the free market that do not meet the liquidity criteria.
Trading is divided into two stages:
- in the period from 08:30 to 12:00 + "random time" (randomly selected number from 0 to 120 seconds), it is allowed to enter, change, retain, release and withdraw orders for sales and purchases in BST.
- in 12:00 + "random time", the market opening.
The opening price is formed on the basis of the following criteria:
- volume of the largest volume of turnover,
- minimal residue,
- if the rest is on the purchase side, the highest price is taken and if the lowest price is on the sales side, the lowest price is taken into account,
- average price between the two selected prices according to the previous criteria.
When the prevailing price is formed, tasks are performed according to the following priorities:
- Price,
- Older timestamp.
The following types of orders are allowed:
- limited orders
- orders with additional terms of the amount of execution (all or nothing orders, orders with minimal amount of all concluded deals)
- orders with additional execution time conditions (daily, up to the certain date, opened)
Interrupted auctions last for 60 minutes. Dynamic limits are at ± 3%.
Block orders
Members of the stock exchange may make deals outside an organized market only if:
- the deal value is at least BAM500,000,
- the transaction subject is the block of securities,
- a member of the Stock Exchange concludes a deal for their own account and for the account of one or two clients.
Trading shall be conducted pursuant to rules of the Stock Exchange and rules of the EUROBROKER business.
