Weekly Preview - October 8-12, 2018
Market trends:
¤ Serbian stock market remained firm last week amid the largest drop in global stock markets since March this year; Belex15 index closed the week slightly up with turnover amounting EUR 0.6m.
¤ Shares of Galenika Fitofarmacija (FITO) were most traded last week with trading value of RSD 36.0m; around 0.5% of outstanding shares of the company changed hands at RSD 2,800 level.
¤ The Petroleum Industry of Serbia (NIIS) recorded slight recovery at RSD 685 level with turnover amounting to RSD 11.9m; Brent crude oil posted a 5% loss last week.
¤ Similarly to the previous week, Komercijalna Banka (KMBN) closed at RSD 1,960 with turnover of almost RSD 10m; the stock is up 3.2% ytd.
¤ Belgrade Airport (AERO) has fluctuated in a range b/w RSD 1,660-1,676 with turnover of RSD 9.2m; investors still expect public information regarding a timeline of concession process 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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