The domestic stock market continued its downward trend for the second consecutive week, but the fluctuations due to low liquidity were significantly milder compared to the turmoil in global markets. Total turnover amounted to RSD 582.4m (EUR 5.0m), while the Belex15 index fell by 0.7% to 1,142.3 points.
The most active stock was Jedinstvo Sevojno (JESV), which fell by 4.0% to RSD 7,485 on a turnover of RSD 9.2m. This company announced at the end of January that it posted a non-consolidated FY24 profit of RSD 151.5m, compared to RSD 269.6m a year ago. Last year, Jedinstvo paid a gross dividend of RSD 647.06 per share, and this year’s dividend proposal will be announced in May.
Dunav Osiguranje (DNOS), which in the absence of the NIS became the most liquid stock on the market in the last period, continued its decline, falling 2.7% to RSD 1,450 with a turnover of RSD 4.7m. The stock will go ex-dividend on Wednesday, April 16, with a dividend proposal of RSD 121.45 per share.
Messer Tehnogas (TGAS) declined 1.5%, bringing its stock price down to RSD 33,500, with a turnover of RSD 4.4m. In contrast, Belgrade Airport (AERO) maintained its historical high at RSD 2,100, achieving a turnover of RSD 3.8m. Additionally, the stock in the company that monitors the airport concession rose by 1.4%.
Sevojno-based Impol Seval (IMPL) led losers with a decline of 5.1% to RSD 7,216. The company closed the previous year with a minor profit, so it remains to be seen what this year’s dividend will be proposed after the record dividend amounts paid out in recent years.
Source: Momentum
