Weekly Preview - January 28 - February 1, 2019
Market trends:
¤ The Petroleum Industry of Serbia (NIIS) was the most traded stock with turnover of RSD 20.3m, mainly recorded in a range b/w RSD 682-684; the stock posted weekly gain of 0.9%.
¤ Shares of Komercijalna Bank (KMBN) surged to a new multi-year high at RSD 2,450 but on tiny volume; the company cancelled its EGM due to the lack of quorum.
¤ Belgrade Airport (AERO) slightly decreased to RSD 1,099 with trading value amounting to RSD 3m; the concession contract for the company will be released by the end of February, government officals said.
¤ Galenika Fitofarmacija (FITO) closed the week almost 1% lower at RSD 2,700 with turnover of RSD 0.6m.
¤ Shares of Alfa Plam (ALFA) closed flat at RSD 33,000 on tiny volume; majority owner of the company is trying to consolidate the ownership for years, which is the main reason of stock's lack of liquidity.
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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