The past trading week saw the growth of the domestic stock market, which reached its highest level in the last three months. The index of the most liquid shares, Belex15, jumped 2% to 905.6 points, while the total turnover in trading amounted to RSD 151.9m (EUR 1.3m).

The most active stock was the Petroleum Industry of Serbia (NIIS), which recorded a turnover of RSD 20.6m, mostly at RSD 730. The crude oil price rose by about 4% last week, so Brent ended the week above USD 94 per barrel, which is its 10-month high. On the other hand, company performance will suffer from higher excise taxes by about 8%, which will come into force on October 1.

Dunav Osiguranje (DNOS) rose slightly to RSD 989 with a turnover of RSD 3.5m. Shares in this largest domestic insurance company have been traded in a narrow price range of RSD 980-1,000.

Messer Tehnogas (TGAS) continued its upward trend, reaching RSD 17,200 with a modest turnover of RSD 0.7m. Technogas gained 6.8% in the week and by about 30% in a month.

Preferred shares in Philip Morris (DINNPB) rose 4.2% to RSD 7,785, reaching history-high level at RSD 7,800 on Tuesday. The owners of the stocks received a dividend of RSD 588.3 per share this year, which at the last price bears a yield of 7.6%.

WEEKLY REPORT, September 11-15, 2023 

Belex15
Close 905.55
Weekly Change (abs) +17.61
Weekly Change (%) +1.98%
Weekly High 910.49
Weekly Low 887.47
Traded Value (RSD) 26,367,328
Most Active
Shares Closing Price Change Traded Value (RSD)
NIIS 730 +1.39% 20,554,633
ZTPK 2,900 +15.72% 3,590,900
DNOS 989 +0.61% 3,505,488
PUUE 755 +0.67% 3,396,745
PUPO 179 0.00% 2,920,922
Gainers
Shares Closing Price Change Traded Value (RSD)
ZTPK 2,900 +15.72% 3,590,900
IRTL 1,185 +10.75% 63,990
TGAS 17,200 +6.83% 739,897
DINNPB 7,785 +4.24% 2,274,750
AERO 2,048 +3.96% 307,457
Decliners
Shares Closing Price Change Traded Value (RSD)
VNAC 300 -14.29% 648,300
JESV 7,000 -4.11% 182,000
KOPB 14,000 -3.45% 392,000
TRBG 3,000 -3.23% 774,000