Last week, the domestic stock market neutralized all the losses caused by the panic selling of shares in the Petroleum Industry of Serbia (NIIS) following speculations about the possible introduction of sanctions against the company. The Belex15 index recovered by 0.9% to 1,148.7 points, with a total market turnover of RSD 93.5m (EUR 0.8m).
Two weeks after speculation that the US would impose sanctions on NIS in 2025, the stock neutralized all the losses incurred during that period. NIS closed the week up 1.7% at RSD 778 on a turnover of RSD 10.3m. A few days before the New Year, there was no official information to support or refute the claim of new sanctions against this company.
The Belgrade Airport (AERO) remained at the established level of around RSD 2,000 with a turnover of RSD 4.0m. The stock has recorded a growth of 15.6% in 2024 so far, after jumping 8.4% in 2023.
Dunav Osiguranje (DNOS) recovered slightly to RSD 1,357 with a modest turnover of RSD 3.8m. Over the past month, the stock mostly traded in a narrow range between RSD 1,330 and RSD 1,350, the highest levels for the stock this year.
Preferred shares of Philip Morris (DINNPB) jumped 5.6% to near the RSD 10,000 level with a turnover of RSD 4.4m, thanks to the fact that Friday was the last day to buy shares with the right to a dividend from this year’s profit. Metalac (MTLC) rose 3.1% to RSD 1,959 on low turnover.
Source: Momentum
