The Macedonian stock market was not unaffected by the global level crisis that was present as a result of the COVID-19 pandemic. The share prices of the companies that are listed on the stock exchange started to change the value but not in the same direction because all companies from different sectors were not affected in the same way by the COVID-19 pandemic.The institutional capital market index MBI-10 in 2020 as a result of the COVID-19 pandemic had a decrease of 22.43% in March of 2020 and this decrease continued until the beginning of 2021 when the increasing trend began and at the annual level increased to 30.8%. If we analyze it on the basis of the component structure, the prices of all shares that are components of the stock market index have increased annually. From a structural point of view, five of the ten companies that are the elements of MBI-10 are commercial banks, while the other five are from other sectors, which shows that we have a high level of sectoral concentration.In the Macedonian Stock Exchange, 94 companies are listed, the paper will analyze the impact of the COVID-19 pandemic on the changes in the prices of their shares in the period of the pandemic and post-pandemic, as well as whether all sectors were affected in the same way. Based on the analysis of the financial statements of companies listed on the Stock Exchange, even though there have been difficult years, some companies have managed to achieve high profits in 2020 and 2021. Keywords: share, stock market, COVID-19, MBI 10, capital market
