The previous trading week saw tiny turnover and a marginal increase in stock index growth. Total turnover amounted to only RSD 19.8bn (EUR 0.2m), while the Belex15 index increased by 0.4% to 1,227.9 points.

Shares in Dunav Osiguranje (DNOS) closed the week unchanged at RSD 1,700, with a turnover of RSD 2.8m. The primary reason for the reduced turnover can be attributed to the limited supply of the stock, considering pressure on the bid side at the RSD 1,700 level.

Gornji Milanovac-based Metalac (MTLC) remained unchanged at RSD 2,100, with a turnover of RSD 2.3m. Similarly, the Belgrade Airport (AERO) remained flat at RSD 2,200. The airport in Belgrade, run by concessionaire VINCI, saw a 7.5% increase in passenger numbers in August. During the first eight months, the airport recorded 5.9m passengers, marking a 5.9% increase compared to the same period last year.

Shares in Jedinstvo Sevojna (JESV) remained unchanged at RSD 8,499 but experienced significant fluctuations during the week. Shares in the company fell to RSD 7,770 in mid-week, levels last seen in May of this year.

Source: Momentum