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Article: Investors sell Slovenian shares as market becomes too hot to handle.(Business Report Weekend)
- Article from:
- The Sunday Independent (South Africa)
- Article date:
- July 8, 2007
CopyrightCOPYRIGHT 2007 Independent News & Media PLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BYLINE: Igor Muller and Stephanie Borise
Slovenia's stock rally has made the equity market of the former Yugoslav republic more expensive than China's. Now investors say it's time to sell.
"We are gradually reducing Slovenian shares because the market feels hot," said Jernej Kozlevcar at Triglav Asset Management in the capital of Ljubljana. "Recent growth of the market is mainly based on speculation about consolidation and less on business results."
The Slovene Stock Exchange index, known as the SBI20, was the best-performing equity benchmark in the world last quarter, jumping 39 percent in dollar terms, according to data compiled by Bloomberg. ...