Weekly Preview - May 21-25, 2018
Market trends:
¤ Komercijalna Banka (KMBN) was the most traded stock again, with turnover of RSD 165.3m recorded mainly at RSD 1,888; Dunav Voluntary Pension fund was on the bid side.
¤ Shares in Messer Tehnogas (TGAS) lost 1% of its value at RSD 11,681 with turnover amounted to RSD 13.2m; the stock is still under selling pressure by investment fund ZB Invest.
¤ Belgrade Airport (AERO) closed last week flatish at RSD 1,680 with solid trading value of RSD 11.1m; the company scheduled its AGM with proposed dividend at RSD 57.3 RSD per share (yield at 3.4%).
¤ The Petroleum Industry of Serbia (NIIS) have been traded narrowly around RSD 728 level; according to media, NIS expressed interest in the acquisition of state-run petrochemicals producer HIP Petrohemija.
¤ Shares in Galenika Fitofarmacija (FITO) have been traded mostly around RSD 2,800 level; management proposed dividend at RSD 80 per share (yield at 2.9%) vs. RSD 86 per share in 2017.
Established in 2007 in Novi Sad, Momentum Securities, privately owned corporate advisory and investment banking firm, is one of the largest providers of brokerage services and related corporate advisory services to owner managed businesses in Republic of Serbia. Momentum Securities is a member of the Central Securities, Depository and Clearing House, the Belgrade Stock Exchange and the Investor Protection Fund and an authorized participant in the Treasury auction platform. As an independent firm, our clients benefit from unbiased and tailored solutions. Our team works with founders, shareholders, boards and management teams to develop their companies by aligning processes, structures and work practices to improve efficiencies and achieve specific performance goals.
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