Weekly Preview - August 27-31, 2018
Market trends:
¤ Belgrade Airport (AERO) was the most traded stock with turnover of RSD 20.7m, mainly executed at RSD 1,715; the stock dropped for the moment at RSD 1,690, its lowest level in a month.
¤ Shares of Komercijalna Banka (KMBN) jumped 2.1% to RSD 1,972; the company announced consolidated results for the period January-June: EBT decreased 15.6% to RSD 3.8bn.
¤ Shares of Messer Tehnogas (TGAS) recovered to RSD 11,200; the company posted RSD 4.7bn (+8.7%, y/y) in 1H consolidated revenues, while consolidated net profit jumped 13.4% to RSD 1.16bn.
¤ The Petroleum Industry of Serbia (NIIS) gained 1.5% to RSD 688, with turnover amounting to RSD 6.2m; the stock posted weekly maximum at RSD 697, its highest level in a month.
¤ Alfa Plam (ALFA) closed flat at RSD 33,501 RSD; the company announced 1H financial results: revenues slightly increased to RSD 2.8bn, while net profit jumped 15.5% to RSD 400.4m.
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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