The domestic stock market saw a slight decline last week, while government bond trading contributed to a solid total turnover of RSD 1.5bn (EUR 12.6m). The Belex15 index closed the week at 1,218.4 points, registering a slight gain in July.

The most active stock was Messer Tehnogas (TGAS), which generated a turnover of RSD 12.7m, increasing 2.5% to RSD 35,864. During the week, the stock reached RSD 37,000, approaching its all-time high of RSD 37,400 set in October last year.

Shares in insurer Dunav Osiguranje (DNOS) fell by 2.1% to RSD 1,850, with a turnover of RSD 2.9m, while preferred shares in Philip Morris (DINNPB) traded unchanged, with a turnover of RSD 2.3m.

Shares in constructor Energoprojekt Holding (ENHL) fell to RSD 455 during a week in which the EGM adopted a squeeze-out procedure at RSD 452 per share. Jedinstvo Sevojno (JESV) suffered a 3.8% decrease to RSD 8,655, although the company reported a 62% growth in H1 profit to RSD 194.5m.

Source: Momentum