Belex drops for first time in month, Jedinstvo most traded stock

The domestic stock market recorded its first weekly drop since the beginning of November, while the high turnover was primarily the result of a trade in the shares of Jedinstvo (JESV). The Belex15 index weakened by 0.3% to almost 814 points, while the total turnover amounted to RSD 771.4m (EUR 6.6m).

The most active stock was Sevojno-based Jedinstvo, with a turnover of RSD 125.7m, mostly executed at RSD 8,000. A large trading volume due to a renewal of the company’s buyback program – Jedinstvo purchased an additional 6.0% of shares for its own portfolio. The largest minority shareholder in the company for years, Zeta company, stood on the sell side.

The Petroleum Industry of Serbia (NIIS) recorded a solid turnover of RSD 31.8m in a range of RSD 665-667, mainly. Starting December 5th, the company will no longer receive Russian crude oil from the Adriatic oil pipeline JANAF following the EU’s latest set of Russia sanctions.

Shares in Dunav Osiguranje (DNOS) broke the multi-week upward trend, falling 3.6% to RSD 1,105 with a turnover of RSD 5.1m. Preferred shares in Philip Morris (DINNPB) jumped 7.4% to RSD 7,550, four weeks before the record date. The total turnover of the stock amounted to RSD 4.3m.

Shares in Impol Seval (IMPL) jumped 11.9% to RSD 5,300, with a turnover of RSD 1.1m, executed at RSD 5,000, mostly. Impel is the top gainer in the domestic stock market in 2022, surging 43.3%.

WEEKLY REPORT, November  28 – December 2, 2022