Weekly Preview - May 7-11, 2018
Market trends:
¤ The Petroleum Industry of Serbia (NIIS) was the most traded stock, with obvious caution after the annnouncement of 1Q numbers; despite of surge in crude oil in 2018 so far, NIS is down 1%.
¤ Messer Tehnogas (TGAS) remained flatish around RSD 11,600 level with turnover of RSD 7.9m; management of the company proposed cash dividend in the amount of RSD 500 per share (yield at 4.3%).
¤ Shares of Belgrade Airport (AERO) have fluctuated narrowly around RSD 1,680 level with tiny turnover; the company will announce 1Q18 results on Monday after the bell.
¤ Shares Metalac (MTLC) closed at RSD 2,037 (up 1.80%), despite the record date for the stock has passed in a mid-April; the company will publish 1Q18 numbers on Monday after the bell.
¤ Insurance company Dunav Osiguranje (DNOS) led the gainers with a jump of 8.9% to RSD 1,045; the AGM of the company already approved cash dividend of RSD 128.3 per share (yield at 12.3%).
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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