Weekly Preview, June 18-22, 2018
Market trends:
¤ Galenika Fitofarmacija (FITO) was the most traded stock with turnover amounting to RSD 11.9m, mainly at RSD 2,800 level; the AGM of the company will be held on Wednesday, June 27th.
¤ Shares of Belgrade Airport (AERO) closed the week slightly higher at RSD 1,659, but the most of its turnover was executed at RSD 1,700 level; the AGM of the company will be held on Thursday, June 28th.
¤ Shares of Metalac (MTLC) recorded a turnover of RSD 9.6m, mainly at RSD 2,000 level; the stock shows solid resistance at RSD 2,000 level, even though the dividend day passed in mid-April.
¤ Shares of the Petroleum Industry of Serbia (NIIS) closed the week 3.6% in red at RSD 675, with poor investment activity; on the other hand, OPEC meeting last Friday pushed Brent up above USD 75 per barrel.
¤ Gosa Montaza (GMON) was the most traded stock at the auction market (MTP) with turnover of RSD 33.1m and a price increase of 26.9% to RSD 1,650 RSD; 8.2% of its outstandings shares changed hands.
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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