Stock exchange to falter until autumn.

The Macedonian Stock Exchange has not yet stabilized. This week, too, saw a volatile turnover. The mild but steady increase noted in trading government securities got halved and the chief stock market index MBI-10 fell by 6.27 points as well.

Nevertheless, stock market analysts expect the sock market to stabilize in autumn. Their optimism draws upon the announcement of the world economic powers, such as Germany, France and Japan, that their recessions ended. They say the stock exchange has always been the precursor of what is happening in the economy. At the beginning of the ongoing crisis, it was the stock markets to hit the bottom first and the financial and real sectors followed suit.

The modest stock market turnover in the course of the summer as well was realized by domestic physical and legal entities and there were no foreign investors. This has given confirmation to the anticipation of certain stock market experts that foreign investors are going to refrain from all activities this year, too, and that the market was going to be saved by domestic investors.

This trend is going to continue as evidenced by the latest financial performance indicators of the Macedonian companies for the first six months of this year. The non-audited financial statements of most firms listed on the stock exchange are worse than last year. A great many firms posted losses and those who posted profits revealed figures much lower than those of last year.