Weekly Preview - January 8-11, 2019
Market trends:
¤ Sevojno-based Impol Seval (IMPL) was the most traded stock with an increase of 6.7% to RSD 3,200; around 0.6% of total shares changed hands on Friday, with Generali pension fund as a seller.
¤ Komercijalna Bank (KMBN) dropped 2.2% to RSD 2,150 with turnover of RSD 4.3m; some media speculated that state intends to halt privatization of the bank, and wants to hold majority of shares.
¤ Belgrade Airport (AERO) continued its downward trend, losing additional 17.5% due to expiration record day (December 31st); however, there is still a dillema about record day in case of interim dividend.
¤ The Petroleum Industry of Serbia (NIIS) recorded tiny investment activity, mainly around RSD 685 level; Brent crude oil recovered last week almost 6%.
¤ Shares of Messer Tehnogas (TGAS) went down almost 9% to RSD 10,656 on low volume.
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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