Weekly Preview, July 23-27, 2018
Market trends:
¤ The Petroleum Industry of Serbia (NIIS) was the most traded stock with turnover of RSD 21.6m, it ended down 1.6% at RSD 688; on Friday, NIS announced RSD 11.5bn in 1H18 net profit (down 7.3%, y/y).
¤ Shares of Belgrade Airport (AERO) reached RSD 1,740 level again, but closed the week down 0.6% at RSD 1,729; the stock has increased 16.3% in 2018 so far.
¤ Komercijalna Bank (KMBN) led the gainers with a jump of 5.1% to RSD 2,016, with a weekly highest level at RSD 2,198; IMF announced that Serbian Government agreed on bank's privatization till September 2019.
¤ Shares of Impol Seval (IMPL) closed the week alomost flatish at RSD 3,012; the company announced it will pay out dividend from last year's profit on August 14th.
¤ Shares of Galenika Fitofarmacija (FITO) closed unchanged at RSD 2,800; this stock is among most traded names during 2018 so far, with yearly maximum posted in March at RSD 3,265.
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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