As we entered 2023, we experienced a slowdown in the previously high post-COVID economic growth, overshadowed by elevated inflation. Consequently, private consumption and trade activities contracted, leading to a cooling of economic dynamics. The August floods, causing catastrophic consequences, further contributed to the economic contraction.

Despite challenges, the Ljubljana Stock Exchange performed well, though not as strongly as the previous year. We welcomed a new liquidity provider for debt instruments and observed growing interest in debt securities. Our goal is to continue this trend, encouraging domestic companies to see the capital market as a funding source. For professional investors, we organized two online webcasts and two investment conferences, engaging issuers from regional exchanges. Collaborating with partners in the financial industry, we extended our efforts to make the capital market more accessible to retail investors. Throughout the year, we conducted quarterly trading reviews and other educational events, both in-live and online. Notably, we introduced a two-day Financial Festival for the first time. We concluded this year with the traditional award ceremony in December.

The SBITOP index grew by 19.8% in the last year and ended the year at 1,253.08 points. It reached the highest value on 27th July 2023 at 1,263.27 points, and the lowest on 3rd January 2023 when it was valued at 1,055.13 points. We also witnessed a positive trend in SBITOP TR, ADRIAprime and CEEplus indices.

The total LJSE turnover in 2023 amounted to EUR 330.2 million, which is 23.4% less than the previous year. Turnover without blocks amounted to EUR 293.7 million, which is 24.0% less than in 2022. Most of the turnover was made with shares: EUR 320.4 million, followed by treasury bills with EUR 8.2 million, bonds with EUR 1.2 million and structured products with EUR 0.4 million. In 2023 EUR 60.1 million of turnover was performed from the service of liquidity providing.

This year, 34,947 regular trades were executed, which is 25.6% less than the previous year. The average daily number of regular trades was 141.5, and the average value of a regular trade was EUR 8,403.7 (which is 2.2% more compared to the average value of a regular trade from 2022).

In 2023, Krka (KRKG) shares have again generated the largest amount of turnover without block trades, which was EUR 109.0 million or 37.1% of the total turnover without block trades realized on the stock market. Second place went to NLB (NLBR). The latter generated EUR 67.9 million of turnover without block trades, representing 23.1% of the total turnover without block trades generated on the stock market, followed by Zavarovalnica Triglav (ZVTG) with 25.4 million or 8.6% of the total turnover without block trades.

The overall market capitalization of the stock market was EUR 46.3 billion at the end of the year, which is 4.3% more than at the end of 2022. The overall equity market capitalization was EUR 9.2 billion, which is 19.9% more than at the end of 2022. At the end of the year, 67 instruments were included in trading on the regulated market.

2023 was also marked by relatively high dividend yields.

This year 3 new bonds were listed on the stock exchange market, 27 treasury bills and 1 new commercial paper.

The total turnover on the SI ENTER market (MTF) amounted in 2023 to EUR 1.3 million, which is 102,1% more than the previous year. The average daily number of trades was 1.3, and the average value of a trade was EUR 3,917.4. In 2023 5 new instruments were listed on the SI ENTER market, namely 1 bond and 4 commercial papers.