The domestic stock market continued its slight downward trend, with slightly higher investment activity. The total turnover amounted to 459.7 million dinars (3.9 million euros), while the Belex15 index weakened by 0.3 percent to 1,224.5 points. Since the beginning of the year, the Belex15 has declined by around 4%.
Insurer Dunav Osiguranje (DNOS) was the most active stock, with a turnover of 7.6 million dinars, representing a 2.0 percent decrease in value to 1,913 dinars. In the past week, the stock has been under increased pressure, but it has continued to fluctuate within the range RSD 1,900-1,950.
Shares in Belgrade Airport (AERO) increased marginally to 2,098 dinars, with a modest trading volume of 2.3 million dinars. The company will hold an AGM on 26 June, and as anticipated, no dividend will be distributed this year.
Metalac (MTLC) saw a 1.2% decline to 2,010 dinars, with moderate investing activity. Meanwhile, preferred shares of Philip Morris (DINNPB) increased by 1.1% to 9,200 dinars, with a turnover of 3.2 million dinars. The company convened an AGM, during which a dividend of 535.8 dinars per share was formally approved for this class of shares.
Source: Momentum
