Political instability will negatively affect the capital market

Political instability will negatively affect the capital market

access_time2021-02-23 14:00:21

 

Political instability will negatively affect the capital market -  Georgia’s leading investment banking and  investment management services company  Galt&Taggart states.

 

According to the company, the court’s decision to arrest the leader of the opposition National Movement taken back on Friday immediately affected the prices of the shares of all Georgian companies trading on the London Stock Exchange.

 


“The capital market is based on expectations, and the current events in  Georgia now create a negative picture. Instability is the worst thing for the financial market and stocks, ” the statement reads.

 

Last week, the Georgian companies traded in the red zone on the London Stock Exchange and the share prices of all three companies (TBC Group, Bank of Georgia Group, Georgian Capital) declined.


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