Weekly Preview - March 11-15, 2019
Market trends:
¤ The most traded stock was the Petroleum Industry of Serbia (NIIS), mainly in a range b/w RSD 720-723; average daily turnover of the stock almost tripled in March compared to the last year`s average.
¤ Shares of Galenika Fitofarmacija (FITO) continued its upward trend, reaching RSD 2,800 level for the first time since last November; the stock closed the week at RSD 2,771, up 0.8%.
¤ Komercijalna Bank (KMBN) hit RSD 2,555 level (up 2.2%), its highest value in more than four years; Austria’s Raiffeisen might be interested in buying Komercijalna Bank, media reports.
¤ Shares of Messer Tehnogas (TGAS) increased slightly to RSD 11,005 with trading value amounting RSD 6.1m; after a while, the stock suffered buying pressure around RSD 11,000 level.
¤ Belgrade Airport (AERO) led the gainers with 5.4% jump to RSD 797; this share price, adjusted for a dividend of RSD 1,530.44 (ex-date, January 1st), corresponds to the level of RSD 2,327.44.
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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