Montenegro Stock Exchange
Encyclopedia
The Montenegro Stock Exchange (MNSE) (Montenegrin
: Montenegroberza, a.d.) is a stock exchange
located in Podgorica
, Montenegro
. It is Montenegro's only stock exchange.
The MNSE was founded 1993, and is a member of the WFE, FESE and FEAS. As of 10 January, 2011 it fully incorporated NEX Stock Exchange
, also in Podgorica, forming a single Montenegrin capital market.
Trading on the MNSE consists of short and long term securities, six investment funds, bonds, and shares from government funds portfolios. The MONEX20 nad MONEXPIF are the principal stock indecis of the Montenegro Stock Exchange.
, Pljevaljska banka, Beranska banka, Hipotekarna banka, Podgorička banka
, Jugobanka, Nikšićka banka
, Lovćen osiguranje and Agroosiguranje.
On 5 January 2010, Atlas corporation became the majority shareholder of the Montenegro Stock Exchange.
In January 2010, stockholders in NEX approved a merger with the Montenegro Stock Exchange, initially expected to take place within two to three months. However, the two were technically merged on 31 December 2010, with their systems jointly operating since 10 January 2011. The merger consolidated and simplified securities trading in Montenegro.
Montenegrin language
Montenegrin is a name used for the Serbo-Croatian language as spoken by Montenegrins; it also refers to an incipient standardized form of the Shtokavian dialect of Serbo-Croatian used as the official language of Montenegro...
: Montenegroberza, a.d.) is a stock exchange
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
located in Podgorica
Podgorica
Podgorica , is the capital and largest city of Montenegro.Podgorica's favourable position at the confluence of the Ribnica and Morača rivers and the meeting point of the fertile Zeta Plain and Bjelopavlići Valley has encouraged settlement...
, Montenegro
Montenegro
Montenegro Montenegrin: Crna Gora Црна Гора , meaning "Black Mountain") is a country located in Southeastern Europe. It has a coast on the Adriatic Sea to the south-west and is bordered by Croatia to the west, Bosnia and Herzegovina to the northwest, Serbia to the northeast and Albania to the...
. It is Montenegro's only stock exchange.
The MNSE was founded 1993, and is a member of the WFE, FESE and FEAS. As of 10 January, 2011 it fully incorporated NEX Stock Exchange
NEX Stock Exchange
The New Securities Stock Exchange or NEX Stock Exchange was a stock exchange located in Podgorica, Montenegro. The NEX Stock Exchange was founded 2001. It was one of two principal stock exchanges in Montenegro, the other being the Montenegro Stock Exchange, also in Podgorica...
, also in Podgorica, forming a single Montenegrin capital market.
Trading on the MNSE consists of short and long term securities, six investment funds, bonds, and shares from government funds portfolios. The MONEX20 nad MONEXPIF are the principal stock indecis of the Montenegro Stock Exchange.
History
The Montenegro Stock Exchange was founded in 1993 by NLB MontenegrobankaNLB Montenegrobanka
NLB Montenegrobanka is a bank in Montenegro. Nova Ljubljanska banka owns 91.5% of stock of the bank. Its headquarters are in Podgorica and has branches in Bijelo Polje, Rožaje, Mojkovac, Nikšić, Cetinje, Budva, Bar, Ulcinj, Tivat, Kotor and Herceg Novi....
, Pljevaljska banka, Beranska banka, Hipotekarna banka, Podgorička banka
Podgoricka banka
Podgorička banka is a bank operating in Montenegro. Founded in 1906 it offers services in corporate and retail banking....
, Jugobanka, Nikšićka banka
Prva banka Crne Gore
Prva Banka CG a.d. – osnovana 1901. was established on 5 March 1901 as Prva Niksicka stedionica - the first financial company of Montenegro.Prva banka Crne Gore AD - Osnovana 1901 is a Montenegrin bank. Formerly known as Nikšićka banka AD, the bank was renamed in March 2007 following a takeover the...
, Lovćen osiguranje and Agroosiguranje.
On 5 January 2010, Atlas corporation became the majority shareholder of the Montenegro Stock Exchange.
In January 2010, stockholders in NEX approved a merger with the Montenegro Stock Exchange, initially expected to take place within two to three months. However, the two were technically merged on 31 December 2010, with their systems jointly operating since 10 January 2011. The merger consolidated and simplified securities trading in Montenegro.
See also
- Economy of MontenegroEconomy of MontenegroEconomy of Montenegro is mostly a service based economy, currently in process of economic transition. Economy of this small Balkan state is recovering from impact of Yugoslav Wars, decline of industry following the breakup of SFRY, and UN economic sanctions....
- List of stock exchanges
- List of European stock exchanges