OREANDA-NEWS. November 01, 2011. The management board of the National Commission of Financial Market (CNPF) has approved the registration of the "Chisinau Stock Market" foundation stocks, worth 1.5 million lei, at the State Register of State Securities.

The stock company has put up 10,000 ordinary nominal shares worth 150 lei each. After the registration of the "Chisinau Stock Market", the companies shall obtain a license from the CNPF, entitling them to operate on the stock market.

The Stock Exchange of Moldova (SEM) was created under the law on securities circulation and stock exchanges in December 1994, initially having the status of a close stock company. The SEM was created by 34 professional participants in the national securities market. The first transactions were operated on 26 June 1995, a date that had been subsequently accepted as "the birthday" of the Stock Exchange of Moldova. Since May 1995, it has been an active member of the European-Asian Stock Exchange Federation, established in 1995 at the initiative of the Stock Exchange of Istanbul.

About 704 million shares have been traded at the Stock Exchange of Moldova over its 17 years of activity. The transactions' quota amounts to 5.777 billion lei or 523 million US dollars. The historical record of the shares traded in a year was hit in 2004, with over 87 million stocks. The highest nominal value of the traded shares, of 1.233 billion lei was reached in 2007.