Weekly Preview, July 30 - August 3, 2018
Market trends:
¤ The Petroleum Industry of Serbia (NIIS) increased by 0.2% to RSD 689 in the week following the announcement of 1H18 financial results; the stock reached weekly highest level at RSD 700.
¤ Shares of Belgrade Airport (AERO) have fluctuated in a range b/w RSD 1,730-1,740; the company announced on Friday it will issue new shares in favor of the state (0.42% of outstanding number).
¤ Shares of Messer Tehnogas (TGAS) closed slightly up at RSD 11,450 with turnover of RSD 11.4m; the company will announce 1H18 financial results till the end of August.
¤ Komercijalna Bank (KMBN) closed the week at RSD 2,000, following last week's announcement of 1H18 results, showing recovery in bank's core business in the second quarter.
¤ Becej-based Sojaprotein (SJPT) led the losers with a slump of almost 15%; the decline came just a few weeks after MK Group announced it signed the creditors contract on taking over the loans of Victoria Group.
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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