A multi-week upward trend, during which the domestic stock market rose by more than 10%, ended last week. Total turnover on the market amounted to RSD 298.7m (EUR 2.6m), while the index of the most liquid stocks, Belex15, fell by 2.9% to 1,110.2 points.

The most active stock in the index basket was Dunav Osiguranje (DNOS), which recorded a turnover of RSD 12m at the RSD 1,300 level. Demand for the stock weakened in the first half of the week, and then it rallied to RSD 1,300 on a large turnover.

Shares in the Petroleum Industry of Serbia (NIIS) decreased slightly to RSD 834 with a turnover of RSD 10.6m. Following a sharp decline in early September, the price of Brent crude oil ended the week at USD 71.6 per barrel after briefly dipping below the USD 70 mark.

Preferred stock in Philip Morris (DINNPB) weakened slightly to RSD 8,240 on a turnover of RSD 1.5m. The company will report its H1 results at the end of the month, which will be one of the major factors for the stock movement through to the end of the year.

Shares in Tehnogas (TGAS) also fell last week to RSD 31,111, down 12.4%, after rising on low volumes previously. This drop in anticipation of Messer’s takeover bid accounted for the almost entire decline of the index. In addition to Tehnogas, Metalac (MTLC) and Jedinstvo (JESV) were among the losers, losing 1.5 and 1.2%, respectively.

WEEKLY REPORT, September 9-13, 2024

Belex15
Close 1,110.22
Weekly Change (abs) -33.02
Weekly Change (%) -2.89%
Weekly High 1,145.11
Weekly Low 1,102.79
Traded Value (RSD) 24,359,487
Most Active
Shares Closing Price Change Traded Value (RSD)
JGPK 8,000 -0.01% 20,118,550
DNOS 1,300 -0.91% 11,991,389
NIIS 834 -0.12% 10,639,020
DINNPB 8,240 -0.12% 1,532,575
IRTL 1,400 +2.71% 1,218,000
Gainers
Shares Closing Price Change Traded Value (RSD)
KOPB 15,000 +7.14% 75,000
IRTL 1,400 +2.71% 1,218,000
IMPL 8,050 +0.63% 507,150
AERO 1,910 +0.47% 693,098
GFOM 1,512 +0.33% 179,886
Decliners
Shares Closing Price Change Traded Value (RSD)
TGAS 31,111 -12,36% 249,050
UTSI 6,600 -8,33% 52,800
MTLC 1,812 -1,52% 60,680
JESV 8,100 -1,22% 145,800
DNOS 1,300 -0,91% 11,991,389