Weekly Preview - September 24-28, 2018
Market trends:
¤ Serbian stock market closed the week in the red, followed by one of the poorest trading weeks this year in terms of volume; total turnover of the Belex15 index basket amounted to RSD 15.7m.
¤ The most traded issuer was Galenika Fitofarmacija (FITO) with turnover of RSD 3.6m, mainly executed at RSD 2,800 level; the stock is slightly down this year so far, with its maximum in 2018 at RSD 3,265 level.
¤ Messer Tehnogas (TGAS) closed the week flatish with trading value of RSD 3.6m; the stock dropped last week below RSD 11,000 level for the first time since the end of June this year.
¤ Jedinstvo Sevojno (JESV) continued its upward trend last week, reaching RSD 5,150 level; it's the highest level of the stock since end of March this year, when the stock recorded huge turnover.
¤ The Petroleum Industry of Serbia (NIIS) recorded one of the worst weeks since the company went public in 2010; the stock closed slightly down at RSD 679 with tiny turnover of RSD 1.5m.
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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