High hopes for ALSE as initial trading in treasury bills and bonds amounts to 5m euro

The trading of government securities during the first days since the Albanian Securities Exchange was made functional has reached about ALL 650 million or EUR 5 million.

According to the statistics published by the Albanian Securities Exchange, ALSE, trading in its early days has reported a satisfactory volume, although the number of transactions is still limited.

In seven transactions registered on the ALSE, five of them involved treasury bills and the two other government bonds.

In total, about 85% of the traded amount was in treasury bills and 15% in government bonds.

ALSE began trading securities on February 22, after being licensed by the Financial Supervisory Authority July last year.

The terms of the license stipulate that in the first year of its activity the Albanian Securities Exchange may trade securities issued by the Albanian government.

ALSE aims to create a first-time genuine equity market in Albania, while market potentials are on the rise.

Meanwhile, several big companies have already started issuing their debt securities.

ALSE paves the way for issuing these bonds with a public offering and, above all, it will enable their ongoing trading after being issued, thus turning them into a liquid financial instrument.

SCAN

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