Weekly Preview - October 22-26, 2018
Market trends:
¤ Vranje-based Alfa Plam (ALFA) was the most traded issuer with RSD 150.1m in turnover at RSD 34,000; around 2.3% of outstanding shares changed hands in several transactions.
¤ Belgrade Airport (AERO) decreased slightly to RSD 1,675 with trading value at RSD 36.8m, mainly executed at RSD 1,690; the company announced a 5% jump in 3Q18 operating profit.
¤ Galenika Fitofarmacija (FITO) continued solid investment activity at RSD 2,800 level; around 8.8% of outstanding shares of Fitofarmacija have changed hands in 2018 so far.
¤ Messer Tehnogas (TGAS) closed flat at RSD 11,000 with turnover of RSD 27.8m; Steyn Capital Frontier was the largest buyer over the last week.
¤ The Petroluem Industry of Serbia (NIIS) dropped slightly to RSD 685 with turnover amounting RSD 18.5m; the company announced it will report 3Q numbers on November 14th.
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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