Weekly Preview - September 3-7, 2018
Market trends:
¤ Belgrade Airport (AERO) was the most traded closing the week below RSD 1,700 level, for the first time since late July, following information that the consession initial payment will be paid out by the end of 2018.
¤ Shares of Petroleum Industry of Serbia (NIIS) decreased slightly to RSD 686 with turnover amounting to RSD 19.2m; the stock has fluctuaded in a range of RSD 690-695 most of the trading days.
¤ Impol Seval (IMPL) led the decliners in the previous week; the stock lost 8.2% of its value with turnover at RSD 7.8m; the stock is down almost 16% in 2018 so far.
¤ Becej-based Sojaprotein (SJPT) plummeted 7.8% to RSD 130, folowing the announcement of its 1H18 loss on lower production and more expensive inputs; the stock has sink 71.1% YTD.
¤ Jubmes Banka (JMBN) led the gainers with a jump of 9.9% to RSD 8,737; there is no public information about the possible sale of the state-owned block of stocks yet, as the state hinted at April`s release.
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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