Stock exchange restores wide price bands.
Stock exchange restores wide price bands. The board of directors of the Macedonian Stock Exchange has assessed that the securities market has been stabilised and there are conditions for restoring the permitted price bands at their previous wider values. The board thus decided that the permitted price fluctuations for the continuously traded securities will be widened: the static limits will be +/- 10% of the official average price from the previous day of trading and the dynamic limits will be +/- 3% again. Those limits are applicable as of today. As recalled the board halved those limits as of November 8 in order to address the trend for dropping stock prices. On November 6, 7, 8 and 9, the bourse’s blue-chip index MBI-10 has dropped 3%, 4.23%, 2.94% and 0.73% respectively, but the trend has been reversed on November 10, when the index rose 0.81%, and continued to post daily gains until November 16.