Second, the introduction of electronic trading in March 2005, by making price movements dependent on actual trades, as opposed to “bids” would have had a dampening effect on stock prices. BIS Review 119/2006  1  Be that as it may, the fact is that the stock market index declined by about thirty percent between its high point in mid-2005 and end-September 2006.
On behalf of the Board, Management and Staff, it gives me great pleasure to welcome you, your Excellency most cordially to the Bank of Namibia this morning. It is indeed an immense honour to host you at the Bank today. Your Excellency, Ladies & Gentlemen, 2.