The domestic stock market recorded the sharpest monthly drop in September for more than a year after the global market volatility spilled over to the Belgrade Stock Exchange. The index of the most liquid shares, Belex15, weakened by 2.5% to 827.4 points, while the total turnover amounted to just RSD 965.3m (EUR 8.2m).
Insurer Dunav Osiguranje (DNOS) was the most liquid stock on the market, decreasing 12% to RSD 1,183. The total stock turnover amounted to RSD 74.7m. The Petroleum Industry of Serbia (NIIS) posted a turnover of RSD 14.2m in a narrow price range, while Messer Tehnogas (TGAS) recorded a trading value of RSD 7.9m.
Impol Seval (IMPL) led the gainers, surging 4.5% to RSD 5,700 after the company announced record H1 results. The preferred shares in Philip Morris (DINNPB) rose by 3.4% to RSD 7,750 for a similar reason, while Belgrade Airport (AERO) added 2.8% to RSD 1,490 on low volume.
Dunav Osiguranje led the losers, while Metalac (MTLC) and Messer Tehnogas lost 5.9 and 3%, respectively.
Source: Belex, Momentum
