The domestic stock market slightly recovered in November after a two-month downward trend. The index of the most liquid shares, Belex15, strengthened by 2.7% to 815.8 points, while the total turnover amounted to RSD 3.7bn (EUR 31.6m).
The most active stock was Jedinstvo Sevojno (JESV) with a turnover of almost RSD 128m, mostly executed at RSD 8,000. A producer and distributor of technical gases, Messer Tehnogas (TGAS), reached a turnover of RSD 78.9m, while the Petroleum Industry of Serbia (NIIS) recorded a turnover of RSD 65.6m.
NIS led the gainers, surging 10.3% to RSD 667 after the company announced stellar quarterly results. Belgrade Airport (AERO) recorded an increase of 7.1% to RSD 1,500, while the preferred stock in the tobacco industry Philip Morris (DINNPB) jumped 6.1 percent to RSD 7,450.
Alfa Plam (ALFA) suffered a sharp drop of almost 30% after the majority owner of the company, Amasis, completed the takeover bid. Impel Seval (IMPL), one of the biggest gainers in the past period, weakened by 7.4% to RSD 5,000, while Messer Tehnogas fell by 5.5% to 12,300.
Source: Belex, Momentum