Market trends:
¤ The Petroleum Industry of Serbia (NIIS) was the most traded stock last week with turnover amounting to RSD 9.1m; the stock closed the week at RSD 700, its highest level since ex-dividend day.
¤ Shares of Belgrade Airport (AERO) recovered last week by 1.7% to RSD 1,647; the company scheduled an EGM for July 9th with the concession agreement issue on the Agenda.
¤ Messer Tehnogas (TGAS) led the losers last week, following the stock went ex-dividend on Monday (dividend at RSD 500 per share); the stock has decreased 7.2% to RSD 11,002.
¤ After a long time, shares of Energoprojekt Holding (ENHL) were among the most traded names; the company announced it inked a job in Sudan, Africa, worth around EUR 14m, on Friday.
¤ Shares of Becej-based Sojaprotein (SJPT) will be excluded from the Prime Listing of the domestic market from June 18th, following a negative opinion of the company's FY17 financial reports made by its auditor.
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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