The domestic stock market demonstrated a solid increase last week, though investment activity remained subdued. Government bonds have supported a total turnover of RSD 558.5m (EUR 4.8m), while the Belex15 index has shown a notable increase of 1.5%, reaching 1,232.3 points.
The most active stock was Dunav Osiguranje (DNOS), which saw a 2.5% recovery to RSD 1,950, with a turnover of RSD 3.7m. Shares of the leading domestic insurance company generally have fluctuated within the range of RSD 1,900-1,950 after the dividend cut, in the absence of new triggers for a significant change in value.
Following the announcement of a dividend payment that is the largest in the last 15 years, shares in Jedinstvo Sevojno (JESV) experienced a 4.4% increase, reaching RSD 8,461 with a turnover of RSD 0.8m. The management has proposed a dividend in the gross amount of RSD 964.7 per share, which is an increase of 26.2% compared to last year.
Other stocks recorded even more modest turnover. The most significant gainer was Energoprojekt Holding (ENHL), which surged by 5.4% to RSD 529, while Belgrade Airport (AERO) rose by 4.3% to RSD 2,085.
Source: Momentum
