Weekly Preview - December 3-7, 2018
Market trends:
¤ Jedinstvo Sevojno (JESV) was the most traded stock, after the company continued its share buyback program; investment fund East Capital sold its 3.6% stake in the company at RSD 5,100 per share.
¤ Belgrade Airport (AERO) jumped 5.4% to RSD 1,802; the stock hit weekly maximum on Friday at RSD 1,820. which was the highest level of the stock since January this year.
¤ Shares of Komercijalna Bank (KMBN) dropped 4.1% to RSD 2,100 level; Belgrade media reports some US investment fund expressed interest to purchase 20% stake of the bank.
¤ The Petroleum Industry of Serbia (NIIS) has fluctuated narrowly in a range b/w RSD 670-677; Brent crude oil jumped last week above psychologically important level of USD 60 USD/bbl.
¤ Galenika Fitofarmacija (FITO) decreased 3.5% to RSD 2,700 following the fact that the largest buyer of the stock this year, Agromarket, hit regulatory threshold of 24.99% shares.
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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