Market trends:
¤ Komercijalna Banka (KMBN) was the most traded stock again, adding 2.6% to RSD 1,950 with trading value amounting RSD 46.3m; the stock recorded weekly highest level on Monday at RSD 1,990.
¤ Shares of the Petroleum Industry of Serbia (NIIS) went ex-dividend on Friday; the stock plummeted 3.3% to RSD 700; the company will pay out dividend in the amount of RSD 42.61 per share .
¤ Galenika Fitofarmacija (FITO) dropped again to psychological level of RSD 2,800 with turnover at RSD 4m; in the last three weeks the stock has been fluctuating in a narrow range of RSD 2,800-2,850.
¤ Belgrade Airport (AERO) decreased 1.9% to RSD 1,620, with weekly lowest level at RSD 1,593 for the first time since the announcement of the concession agreement.
¤ Messer Tehnogas (TGAS) will go ex-dividend on Monday, June 11th (gross dividend in the amount of RSD 500 per share); the stock jumped 1.3% last week to RSD 11,850 with tiny turnover of RSD 0.4m.
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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