The domestic stock market broke a two-week uptrend last week, again with weak investment activity. The Belex15 index declined by 1.3% to 1,227 points, while total market turnover reached RSD 52.2m (EUR 0.4m).
Belgrade Airport (AERO) was the most traded stock, with a turnover of RSD 7.9m, while the stock remained unchanged at the psychological level of RSD 2,000. Since the beginning of the year, the stock has declined by approximately 15%, primarily due to the company’s recapitalization aimed at renovating the airport museum.
Insurer Dunav Osiguranje (DNOS) saw a 3.6% decrease to RSD 2,000, as a market response to the management’s dividend proposal. Shareholders can expect a slightly higher gross dividend of RSD 124.63 per share, despite a 40% increase in net income last year.
Philip Morris’ preferred shares (DINNPB) closed the week at RSD 9,100, with a turnover of RSD 0.9m. Impol Seval (IMPL) recorded a slight decline to RSD 7,233 on low turnover. The company has not yet officially announced its annual results, but APR data shows that Impol suffered a significant loss of RSD 550m last year.
Source: Momentum
