For the first time since September 2008, the Belex15 index, which tracks the most liquid shares, has surpassed the 1,200-point threshold. Total turnover over the past five trading days amounted to RSD 83.3m (EUR 0.7m), with a significant contribution from government bonds.
The most active stock on the market was Belgrade’s Dunav Osiguranje (DNOS), which registered a turnover of RSD 16.0m, closing the week at an unchanged price of RSD 1,558. However, most of the turnover occurred around the RSD 1,600 level, as the paid dividends created strong demand for the stock.
Stocks from the index basket exhibited significantly lower trading activity. Energoprojekt Holding (ENHL) saw a 4.2% rise to RSD 599, with limited trading activity, ahead of the upcoming EGM on July 18. This meeting will address decisions regarding the disposal of the high-value assets of the company. After a prolonged period, Impol Seval (IMPL) has achieved an RSD 8,000 mark, with a relatively modest trading volume.
Priority shares of Philip Morris (DINNP) fell by 2.5% to RSD 8,800, with a turnover of RSD 1.2m. This is the lowest stock value since October last year, while shortly thereafter, the historical maximum was set at RSD 10,001.
Source: Momentum
