Belex increases slightly, NIS most traded stock

The Serbian stock market continued its slow recovery while total market turnover increased thanks to government bonds. The index of the most liquid stocks, Belex15, rose by 0.2% to 995.4 points, while total turnover amounted to RSD 617.6m (EUR 5.4m).

The most active stock in the market was the Petroleum Industry of Serbia (NIIS), which gained 0.5% to RSD 849 with a turnover of RSD 47.3m. The company fixed the ex-dividend date for June 14, and shareholders will receive a dividend of RSD 64.26 per share. Interestingly, the stock had traded at a similar level last June when the dividend was almost twice as big.

Shares in Dunav Osiguranje (DNOS) continued their upward trend, reaching RSD 979 on a turnover of RSD 5.3m. Dunav was one of the first companies to hold the AGM, and a dividend of RSD 51.64 per share is due to be paid soon.

Belgrade Airport (AERO) remained at the RSD 1,900 level with a turnover of RSD 2.3m, while Jedinstvo Sevojno (JESV) jumped 12.7% to RSD 7,438. A week earlier, the stock had led the losers after a dividend hike announcement spurred its recovery, but on weak turnover.

Impol Seval (IMPL) led the losers, falling 5.4% to RSD 7,000, while Metalac (MTLC) fell 3.6% to RSD 1,713 after going ex-dividend.

WEKLY REPORT, May 27-31, 2024