Weekly Preview - February 25 - March 1, 2019
Market trends:
¤ The most traded stock was Messer Tehnogas (TGAS), with its share price decreasing 1% to RSD 10,751; the stock recoreded a turnover of RSD 46.7m, mainly in a single transaction at RSD 10,750.
¤ Shares of the Petroleum Industry of Serbia (NIIS) closed at RSD 700 (+2.2%), with weekly high at RSD 730; the company announced on Thursday its FY18 net profit decreased 7%, while EBITDA jumped 14%.
¤ Belgrade Airport (AERO) halted its downward trend with an increase of almost 5% to RSD 739; domestic private pension funds put the pressure on the bid side at around RSD 700 level.
¤ Shares of Fintel Energija (FINT) were among top traded stocks for the first time since their IPO in November last year; the stock closed slightly up at RSD 530, which is 6% higher compared to its IPO price.
¤ Impol Seval (IMPL) closed the week almost unchanged at RSD 3,000 with trading value amounting RSD 1.6m; the stock is trading at half of its book value and at PE ratio below 4x.
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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