For more information about Reported Transaction (OTC) on 12.03.2021 click
For more information about Reported Transaction (OTC) on 10.03.2021 click
For more information about Reported Transaction (OTC) on 05.03.2021 click
For more information about Market Data on 04.03.2021 click
For more information about Monthly Statistical Report February 2021 click here
Starting from 1st of March 2021, the Albanian Registry of Securities ALREG, a new financial institution, which is expected to be operating as a registry and as central depository for corporate securities, is accepted as member in the Albanian Interbank Payment System (AIPS) operated by Bank of Albania.
The interface between central securities depository system of ALREG with the Albanian Securities Exchange system and also with the AIPS system, completes all the architecture necessary for the “trading – clearing- settling” process. This is a revolutionary step towards the development of domestic market, given the fact it opens the way without limitations to the process of listing domestic business at Albanian Securities Exchange.
Because of the negative effects imposed by COVID-19, as well as the prudential behavior of the banks regarding new loans, the stock exchange is seen as a necessary long-term financing alternative for businesses in Albania.
For more information, follow the special news prepared by SCAN TV here.
For more information about Reported Transaction (OTC) on 26.02.2021 click
The following meeting of Albanian Network of Financial Education (ANFE) was organized on 24th of February 2021. This organization is created on voluntary basis and is initiated on 2018 with the support of the Albanian Securities Exchange (ALSE) and a wide group of organizations representing various financial sectors such as banking, microfinance, insurance, investment and pension sector etc.
ANFE holds periodical meetings almost 4 times a year where various initiatives are discussed aiming the increase of financial inclusion and the focus to the importance of public financial education.
On the 10th meeting, in addition to the usual participants, jointed also the First Deputy Governor of Bank of Albania, Ms. Luljeta Minxhozi, who informed the participants regarding the latest initiative undertaken by The National Committee of Financial Education (KKEF), an entity where participate the Bank of Albania, the Albanian Financial Supervisory Authority, the ministry of Education, Youth and Sports and The Ministry of Finance and Economy. Ms. Minxhozi explained that KKEF decided to compile the “Strategy for Financial Education in Albania”. Moreover, KKEF has appointed Bank of Albania as the coordinator for the process of harmonizing the work to prepare in time and with quality this document which is very important for the development of domestic financial market.
According to Bank of Albania, the inclusion of all the groups of interest which represents various sectors of the financial market, is an important element to make this strategy more efficient and inclusive in the domestic market. As far as the contribution of this strategic document concerns, ANFE members were very supportive with all their expertise and human resources.
Furthermore, Albanian Network of Financial Education continued the meeting with other topics according to the agenda.
Tech and ecommerce companies seize on investor demand for lockdown winners
London has kept hold of its IPO crown, with four companies floating on the main stock market and two on Aim ©️ Bloomberg
A flurry of tech and ecommerce listings have given Europe’s market for initial public offerings its best start to the year since 2015, as extended pandemic lockdowns fuel investor enthusiasm for digital companies.
So far this year, companies listing on European stock exchanges including London’s have sold €8.4bn in equity through 16 deals, according to Refinitiv data. That figure, which includes new funds raised and owners cashing out stakes, was the biggest haul and number of IPOs for the comparable period since 2015. It was the second-biggest amount raised in data going back to 1998.
About 70 per cent of the equity sold was in companies that have benefited from the shift online by businesses and consumers during the pandemic, including card retailer Moonpig and parcel locker business InPost.
“We have witnessed some tectonic shifts in the ecommerce landscape as a result of Covid — things we thought would take five years have taken five months,” said James Fleming, global co-head of equity capital markets at Citigroup. As a result, he added, there has been a “significant re-rating of tech company valuations”.
The IPO surge highlights how lockdown winners are capitalising on increased demand from investors and a recovery in valuations across global markets. US listings have also soared, fetching a record $22.6bn over the same period.
Floats such as Moonpig in London, online car dealer Auto1 in Frankfurt and mobile gaming company Huuuge in Warsaw have given bankers an opportunity to showcase the digital and growth credentials of European equity markets that are usually overshadowed by Wall Street’s tech majors.
“Europe has had a shortage of these tech companies [compared with] the US in recent years,” said Barry Meyers, head of UK equity capital markets at JPMorgan. “There is excitement at the moment because these are high-quality companies.”
Demand outstrips the number of businesses ready to go public in the region, Meyers said. Equity issuance is running at 26 times the amount raised over the same time last year.
London has kept hold of its IPO crown, with four companies floating on the main stock market and two on AIM, despite fears that over time it might lose business to the EU following Brexit. Poland’s InPost listed in Amsterdam, calling the market a “preferred” option for the region’s tech companies.
Several of Europe’s largest deals have also included so-called cornerstone investors — who agree in advance to buy a certain value of shares. The practice, popular in Asia, benefits the company since it has a guaranteed buyer and helps the investor by locking in the size of their stake.
“Investors are becoming much more open to being cornerstones and working with underwriters to get to a successful outcome,” said Fleming.
Traditionally investors do not always receive the full stakes they want, particularly in hot flotations when fund managers vie with each other for share allocations.
Recent London listings by Moonpig and Dr Martens included cornerstone investment from BlackRock, the world’s largest fund manager, as well as San Francisco-based investment firm Dragoneer.
Source: Financial Times
For more information about Market Data on 16.02.2021 click