Weekly Preview - March 18-23, 2019
Market trends:
¤ The most traded stock was the Petroleum Industry of Serbia (NIIS) with turnover amounting to RSD 20.8m, mainly around RSD 720 level; the stock hit weekly high at RSD 729.
¤ Shares of Metalac (MTLC) closed the week slightly lower at RSD 2,040, with turnover at RSD 8.9m; the company scheduled its AGM, with proposed unchanged dividend per share at RSD 85 (yield at 4.2%).
¤ Jedinstvo Sevojno (JESV) closed almost flat at RSD 5,102 with trading value totalling RSD 5.2m; the company has been dominant buyer at the market in the past year.
¤ Belgrade Airport (AERO) increased 4.1% to RSD 830 with trading value of RSD 4.4m; the AGM of the company approved dividend per share in the amount of RSD 1,530.44 (ex-div. on January, 1st, 2019).
¤ Komercijalna Bank (KMBN) led the gainers with a jump of 9.6% to RSD 2,800, its new multi-year high; the stock has increased 27.4% in 2019 so far and is traded at the moment at 70% of its book value.
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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