Weekly Preview - October 29/November 2, 2018
Market trends:
¤ The Petroleum Industry of Serbia (NIIS) was the most traded issuer with turnover of RSD 77.1m, mainly recorded in a single transaction at RSD 686; the stock hit weekly maximum at RSD 700 level.
¤ Alfa Plam (ALFA) closed slightly higher at RSD 34,050 with turnover amounting RSD 11.3m, following a huge transactions in the previous week thanks to activity of majority owner.
¤ Shares of Metalac (MTLC) closed slightly lower at RSD 2,043 with tiny turnover; the stock has fluctuated narrowly after the company restarted share buyback program at RSD 2,030.
¤ Shares of Komercijalna Bank (KMBN) closed at RSD 2,080 RSD, down 4.6%; the bank announced RSD 6.5bn in 9m18 EBT (+14.3%, y/y), after 3Q brought an improvement in core business profitability.
¤ Belgrade Airport (AERO) closed up 0.8% at RSD 1,689 with trading value of just RSD 1.1m; the company announced a 3.2% growth in number of passengers during October.
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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