Economy
Posted:
5 years ago
Georgian Companies Lose 900 million GEL at London Stock Exchange
At London Stock Exchange (LSE) the capitalization of four Georgian companies (Bank of Georgia, Georgian Capital, Georgian Healthcare Group and TBC Bank) declined by 254 million GBP (900 million GEL) for one week, according to the Galt&Taggart indicators.
After July 24, the investors immediately sold the shares. In the reporting week Bank of Georgia sold 415 000 shares, Georgia Capital – 580 000 shares, GHG – 326 000 shares, TBC Bank – 1.882 million shares.
As result, capitalization of Bank of Georgia declined by 81 million GBP, Georgia Capital – 2 million GBP, GHG – 18 million GBP. The price of TBC Bank shares declined by 3 GBP to 12.4 GBP.