Belex decreases slightly, NIS in investors’ focus

The domestic stock market recorded a slight downward trend during the week, with a total market turnover of RSD 484.9m (EUR 4.1m). The index of the most liquid shares, Belex15, weakened for the second week in a row by 0.3% to 811.5 points.

The most active stock was the Petroleum Industry of Serbia (NIIS), which registered a turnover of RSD 21.8m, at an RSD 670 level, mostly. NIS closed the week with a slight loss at RSD 665. The liquidity in the stock improved considerably after the company announced Q3 results, while the stock price increased by about 5% during the period.

Shares in Dunav Osiguranje (DNOS) weakened slightly to RSD 1,100 with a turnover of RSD 6.3m. The stock has traded in a narrow price range of RSD 1,100-1,120.

Sevojno-based Jedinstvo (JESV) rose 0.6% to RSD 8,050 after the company intervened in the market by buying back its shares during the previous week. This time, the stock recorded a turnover of just RSD 2m.

Preferred shares in Philip Morris (DINNPB) weakened by 0.7% to RSD 7,500 on low volume. After a long time, Energoprojekt Holding (ENHL) was among the most traded shares. Shares in the domestic constructor jumped 2.9% to RSD 360, which is still four times lower than the takeover bid price for the company from mid-2017.

WEEKLY REPORT, December 5-9, 2022