Concordian Stock Exchange
The Concordian Stock Exchange is the official stock exchange in the Concordian Republic, based in the New Concordia Federal District. It hosts a total of two companies: CMBC, Sketch Shoes and Slate Aeonia, as well as being a purchase centre for government bonds. It runs on government standard CST, and is operated in Concordian dollars.
Foundation
The Concordian Stock Exchange was founded on 24 March 2022. It is based in the Concordian National Archive and Business Centre, in the New Concordia Federal District. It was created ahead of the 2022 Concordian elections, however it is not thought to be politically motivated. It was opened listing three companies. One was CMBC, the government-funded national broadcaster. It was listed to receive extra funding, but removed shortly after. Sketch Shoes and Slate Aeonia are both independent companies, however have close association with politicians. It can also act as a currency exchange.
Trading
No trades have been made on the exchange yet. All stocks are divided into a set rate per share out of 100 shares, and shares may be divided. One rather strange detail is that only cash payments may be made. This requires either turning up in person or sending cash through the mail. Stocks can, however, be withheld from general sale for 14 days on promise of cash payment. The stock prices of companies are listed below.
Company/Asset | Price per share (CN$) | Total return (CN$) | Notes |
---|---|---|---|
Sketch Shoes | $1.00 | $0 | Big growth potential |
Slate Aeonia | 75¢ | $0 | Quick revenue gains |
Government bonds | $10-50 | $2-10 | 20% returns over 1 year |
AU-CN exchange | A$1.50 | CN$1 | Pegged currency rate |