20th September 2024, Skopje – Ministry of Finance and Macedonian Stock Exchange will, in the period to come, actively work on developing the secondary securities market, all to the end of increasing the number of participants enthusiastic about interesting therein, as Minister of Finance, Gordana Dimitrieska-Kochoska at today’s 23rd Annual Conference on Macedonian Stock Exchange, taking place in Ohrid.
“Stock Exchange is a place where investors meet, a place where capital moves, and therefore it is very important to create conditions for the entry of as many participants as possible, i.e. both legal entities and natural persons to get keen on investing in alternative sources of financing offered on the Stock Exchange, in addition to the traditional ones, as offered by the banking sector. To that end, in the upcoming period, we will, together with Macedonian Exchange, act more actively, among other things, on developing the secondary trading in securities, thus generating multiple benefits. In fact, primary issuer will benefit therefrom owing to the increased interest in investing in liquid instruments. As for Macedonian Stock Exchange, the benefit will comprise greater trading volume, whereby the holder of the securities will be advantageous in view of owing a liquid instrument, which can be sold any time, i.e. materialized, Minister of Finance pointed out, thereby added that the Stock Exchange will be used as a primary bond market, which bonds the Ministry of Finance plans to issue in the upcoming period.
According to the Minister, cooperation with the Stock Exchange is extremely important, since what is crucial for increasing the interest in trading in securities issued by the Ministry of Finance, is for the holders of those securities to feel safe that that they can materialize them on the secondary market at any time, thus being provided with liquid cash.
She announced that actions are being taken on adopting Decision on the 23rd issue of denationalization bonds, amounting to EUR 1.5 million, which will increase the offer of securities traded on the secondary market on Macedonian Stock Exchange. In fact, the previously issued 22 denationalization bonds amounted to total of EUR 397 million.
By commending the positive performance from Macedonian Stock Exchange operations in the first half of this year, she said that Ministry of Finance will keep enhancing the regulations, for the sake of ensuring further development of the capital market.
