Weekly Preview - September 17-21, 2018
Market trends:
¤ Belgrade Airport (AERO) was again the most traded stock with turnover at RSD 27.1m; it was traded in a price range of RSD 1,683-1,700; the company concluded RSD 87.2m non-cash cap hike on Friday.
¤ After a while, Vranje-based Alfa plam (ALFA) was among the most traded stocks with trading value amounting to RSD 22.6m; the stock reached RSD 36,000 level on Friday, for the first time since April this year.
¤ The Petroleum Industry of Serbia (NIIS) increased slightly to RSD 684, with poor turnover of RSD 8.6m; the Brent crude oil price continued its recovery last week, surpassing 80 USD/bbl on Friday.
¤ Gornji Milanovac-based Metalac (MTLC) led the gainers with a jump of 7.1% to RSD 2,110, while trading value amounted to RSD 3.5m; the stock has moved into a positive territory in 2018 so far.
¤ Komercijalna Banka (KMBN) recovered above RSD 1,900 level with turnover of RSD 2.3m; at the moment, the stock is priced at 48% of its book value.
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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