Weekly Preview, July 16-20, 2018
Market trends:
¤ Belgrade Airport (AERO) exceeded RSD 1,700 level for the first time since March; the stock recorded turnover of RSD 62.7m, mainly executed at RSD 1,695 level.
¤ The Petroleum Industry of Serbia (NIIS) increased more than 2% to RSD 699, with trading value amounting to RSD 32.4m; the company will announce 2H18 financial results on Friday, July 27th.
¤ Shares of Messer Tehnogas (TGAS) increased last week by 1.8% to RSD 11,398; the stock has fluctuated in a range b/w RSD 11,100-11,450; Croatian fund ZB Invest continues to put pressure on the stock.
¤ Shares of Jedinstvo Sevojno (JESV) closed flattish at RSD 5,000 RSD; the company announced it have bought almost 10% of outstanding shares for its own treasury.
¤ After a while, constructor Energoprojekt Holding (ENHL) recorded solid investment activity with price decrease of 1,4% to RSD 710; this level is almost 53% lower compared to takeover price from July 2017.
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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