Weekly Preview - November 19-23, 2018
Market trends:
¤ Belgrade Airport (AERO) was the most traded again, with turnover amounting to RSD 34.5m, mostly at RSD 1,710 level; investors are still waiting for the updates on the concession by French VINCI.
¤ The Petroleum Industry of Serbia (NIIS) closed the week 1.2% lower amid huge pressure on the sell side; the value of barrel of crude oil has tumbled around 20% this month.
¤ Shares of Galenika Fitofarmacija (FITO) continued their solid turnover trend at the unchanged level of RSD 2,800; more than 9% of outstanding shares of the company have changed hands this year so far.
¤ Komercijalna Bank (KMBN) decreased 1% to RSD 2,109 with turnover of RSD 11.8m; Belgrade media reported that fourteen candidates compete for a financial adviser at bank's privatization.
¤ Energoprojekt Holding (ENHL) led the gainers last week with 4.3% price increase to RSD 679; the company will payout dividend from last year's profit on Friday, in the amount of RSD 20 per share (3.1% yield).
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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