The Serbian stock market exceeded 900 points, measured by the Belex15 index, for the first time since October 2008. This basket of the most liquid shares jumped 1.2% to 904.5 points, while the total turnover on the market amounted to RSD 1.4bn (EUR 11.8m).

The Petroleum Industry of Serbia (NIIS), in the week it announced Q1 business results, posted a turnover of RSD 73.4m with a price increase of 1.7% to RSD 796. Most of the turnover was executed in several large transactions at RSD 800 level. The company announced Thursday a profit for the January-March period of RSD 11.7bn, which is 25% lower than last year, primarily due to a 20% drop in the average price of crude oil.

Dunav Osiguranje (DNOS) recovered by an additional 3.1% to RSD 1,067 with a turnover of RSD 4.6m. The AGM of the company adopted a dividend of RSD 33.89 per share after the largest shareholder, the Republic of Serbia, submitted this proposal.

Shares in Belgrade Airport (AERO) jumped 1.1% to RSD 1,920 with a turnover of RSD 3.6m. The company reported that last year, for the first time since the start of concession, it made a net income of RSD 20.2m.

Messer Tehnogas (TGAS) and Jedinstvo Sevojno (JESV) remained at their current levels after both companies announced a drop in FY22 profit. Tehnogas’ consolidated profit dropped by 28.6% to RSD 2.3bn due to higher electricity prices and write-offs. Jedinstvo recorded a non-consolidated profit of RSD 238.7m compared to RSD 355m in the previous year, primarily due to a drop in revenues by a third.

WEEKLY REPORT, April 24-28, 2023 

Close 904.49
Weekly Change (abs) +11.04
Weekly Change (%) +1.24%
Weekly High 911.05
Weekly Low 890.71
Traded Value (RSD) 86,623,255
Most Active
Shares Closing Price Change Traded Value (RSD)
NIIS 796 +1.66% 73,385,832
DNOS 1,067 +3.09% 4,645,332
AERO 1,920 +1.05% 3,564,427
TGAS 14,000 -0.01% 2,477,114
JESV 7,401 +0.01% 1,147,550
Shares Closing Price Change Traded Value (RSD)
SPRU 1,881 +29.99% 900,999
BABP 1,200 +19.88% 120,000
IMPL 6,000 +10.03% 876,000
UTSI 4,600 +6.98% 115,000
DNOS 1,067 +3.09% 4,645,332
Shares Closing Price Change Traded Value (RSD)
PLTK 8 -27.27% 6,520
ZTPK 1,603 -15.63% 376,705
MING 300 -14.29% 31,800
IRTL 1,055 -4.09% 15,825
DNREM 2,703 -3.46% 81,101