Weekly Preview - February 11-14, 2019
Market trends:
¤ The most traded stock was Galenika Fitofarmacija (FITO) with turnover of RSD 25.2m, mostly at RSD 2,720; FITO was the second most traded stock in 2018, extending the same trend this year.
¤ Shares of the Petroleum Industry of Serbia (NIIS) fluctuated narrowly in a range b/w RSD 680-686 with low volume; Brent crude oil climbed above USD 66 a barrel to its highest level in the last three months.
¤ Belgrade Airport (AERO) continued its downward trend, losing additional 10.7% of its value; the company convened the AGM for March 18th, with proposed dividend per share in the amount of RSD 1,787.44.
¤ Shares of Messer Tehnogas (TGAS) recovered 1.1% to RSD 10,852, reaching psychological level of RSD 11,000 for the first time in the last three weeks; the stock recorded turnover of RSD 2.1m.
¤ Shares of Komercijalna Banka (KMBN) decereased 2.1% to RSD 2,350 on low volume; state representatives confirmed its commitment to the privatization of the bank till the end of 2019.
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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