Weekly Preview - February 18-22, 2019
Market trends:
¤ Belgrade Airport (AERO) was the most traded name last week - its share price slump 28% to RSD 704; the company announced on Friday amended DPS proposal (RSD 1,530.4 vs. initial RSD 1,787.4).
¤ Shares of Komercijalna Bank (KMBN) hit a new multiyear high at RSD 2,500 (+6.4%) with turnover at RSD 43.6m; preferred stock of the bank (KMBNPB) increased 3.5% to RSD 880.
¤ Galenika Fitofarmacija (FITO) recorded solid turnover amounting to almost RSD 40m at RSD 2,720; the stock has fluctuated narrowly this year in a range b/w RSD 2,699-2,725.
¤ Shares of Jedinstvo Sevojno (JESV) decreased 3.7% to RSD 5,200 with turnover of RSD 15.2m; the company announced it bought back almost 3k shares at RSD 5,100.
¤ The Petroleum Industry of Serbia (NIIS) closed the week slightly up at RSD 685 with trading value at RSD 13.6m; the company will present its FY18 financial results on Thursday, February 28th.
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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