Weekly Preview, May 28 - June 1, 2018
Market trends:
¤ Komercijalna Banka (KMBN) was the most traded stock again, mostly traded at RSD 1,888; the stock closed the week at RSD 1,900, its highest level since early February.
¤ The Petroleum Industry of Serbia (NIIS) recorded a solid turnover of RSD 37.2m, mostly at RSD 725; management of the company determined Thursday, June 7th, as record date (dividend at RSD 42.61).
¤ Messer Tehnogas (TGAS) increased slightly to RSD 11,703 with turnover of RSD 19m, mostly recorded at RSD 11,800; the stock will go ex-dividend at the end of the current week.
¤ Shares of Belgrade Airport (AERO) have been decreasing for five days in a row; the company announced it has registered growth of 10.8% in May by handling 479,402 passengers.
¤ Sojaprotein (SJPT) led the losers with a decrease of 4.2% to RSD 183; the company suffered a loss of RSD 6.5bn in 2017, primarily due to the written-off receivables to the parent company, Victoria Group.
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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