Weekly Preview - October 15-19, 2018
Market trends:
¤ Belgrade Airport (AERO) was the most traded issuer with almost RSD 65m in turnover; the stock closed the week adding 0.2%, with two large transactions traded at RSD 1,660 and RSD 1,680 levels.
¤ Gornji Milanovac-based Metalac (MTLC) increased by 4.6% to RSD 2,070 after the company reactivated buyback program; Metalac purchased additional 0.8% treasury shares at RSD 2,030 per share.
¤ Galenika Fitofarmacija (FITO) continued solid investment activity, but the stock price remained flatish at RSD 2,800 RSD; the bulk of last week's turnover of RSD 28.4m came on Friday in a few transacions.
¤ The second week in a row the Petroleum Industry of Serbia (NIIS) recorded solid pressure on the bid side, but turnover remained week - just RSD 9.1m; the stock is up 0.7% to RSD 690.
¤ Veterinarski Zavod (VZAS) jumped 16.3% to RSD 93 folowing the announcement of TOB intention from majority owner; Victoria Group intends to purchase remaining 10.38% shares of the company.
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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