Weekly Preview - November 26-30, 2018
Market trends:
¤ The Petroleum Industry of Serbia (NIIS) was the most traded issuer, with huge pressure at the sell side; NIS decreased 0.4% to RSD 677, its lowest closing price since August this year.
¤ On the other hand, Belgrade Airport (AERO) increased 0.6% with solid investment activity among buyers; the company announced 6% increase in number of passengers in November.
¤ Shares of Komercijalna Bank (KMBN) jumped 3.8% to RSD 2,190, but were mainly traded throughout the week at RSD 2,100 level; the stock is up more than 15% in 2018 so far.
¤ Metalac (MTLC) ended down 2.4% at RSD 2,000 with tiny turnover; last time the stock dropped below this psychological barrier the company intervened directly at the market, purchasing its own shares.
¤ Energoprojekt Holding (ENHL) led the losers with a decrease of 3.5% to RSD 655; the company paid out the dividend from the last year's profit on Friday, in the amount of RSD 20 per share (div yield at 3.1%).
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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