
Velocity
During 2009, around 68% of the company’s shares were exchanged. An average of 36,550 shares were traded daily on NYSE-Euronext, which represents EUR 1.3 million, or an important decrease in value compared to 2008, in line with the decrease of the liquidity on the financial markets in general. Adjusted for an average free float of 80%, EVS had a velocity of 85% during 2009.
According the Fidessa Fragmentation Index (www.fidessa.com), which calculates the volume of transactions on the listed companies, integrating transactions realized out of the stock market and on alternative platforms, it appears that, in 2009, only 70% of transactions on the EVS share were done on Euronext Brussels. By using these figures, the average weekly volume of EVS would be of EUR 1.9 million.
At the end of 2009, around 65% of the capital of EVS was held by investors outside Belgium, compared to 20% in 2003.