The domestic stock market has declined for the fourth consecutive week, following the completion of the new share issue by Belgrade Airport (AERO). The Belex15 index saw a 1.1% decline to 1,230.3 points. Meanwhile, the total turnover on the market amounted to RSD 258.2 (EUR 2.2m).
The most active stock was Belgrade Airport, which slumped 11.2% to RSD 1,999 with a turnover of RSD 61.2m. The company has recently issued new shares at a price of RSD 1,278.40 per share, which has led to significant pressure on the stock. On Friday, the trading day closed with a large offer on the stock, accompanied by modest demand within the lower fluctuation zone.
Insurer Dunav Osiguranje (DNOS) hit a milestone of RSD 2,000 for the first time since the spring of 2022, recording a solid turnover of RSD 9.6m. Weekly, the stock saw a 7.7% price increase.
The preferred shares of Philip Morris (DINNPB) rose slightly to RSD 9,270 with a turnover of RSD 2.2m, while Metalac (MTLC) fell 2.3% to RSD 2,150. Jedinstvo Sevojno (JESV) suffered a similar drop to RSD 7,618. Its the lowest level of the stock since May of last year.
Source: Momentum
