The Serbian stock market continued its trend of weak turnover but recovered from the sharp correction in the previous week. Total turnover amounted to RSD 104.5m (EUR 0.9m), while the Belex15 index rose by 1% to 880.9 points.

The most active stock in the index basket was Fintel Energija (FINT), which recorded a turnover of RSD 8.5m in a single transaction at RSD 655. At the end of 2018, the company launched an IPO at RSD 500, followed by weak investor interest in the stock exchange and low turnover.

Producer and distributor of technical gases, Messer Tehnogas (TGAS), rose 4% to RSD 16,320 with a turnover of RSD 4.1m. The stock price is approaching levels last seen in September when the company announced stellar H1 results.

The Petroleum Industry of Serbia (NIIS) was back above the psychological level of RSD 800 with a modest turnover of RSD 3.5m. The stock closed the week at RSD 811, giving a year-to-date return of around 20%.

Dunav Osiguranje (DNOS) fell by 2.2% to RSD 956 on turnover of RSD 2.2m. Gornji Milanovac-based Metalac (MTLC) gained 6.2% to RSD 1,540 after a sharp drop in the previous week when domestic pension fund Dunav bought a 3% stake in the company.

WEEKLY REPORT, December 11-15, 2023

Belex15
Close 880.93
Weekly Change (abs) +8.78
Weekly Change (%) +1.01%
Weekly High 887.53
Weekly Low 872.15
Traded Value (RSD) 21,485,404
Most Active
Shares Closing Price Change Traded Value (RSD)
ZTPK 6,479 +52.45% 45,790,503
FINT 655 -0.76% 8,515,000
TGAS 16,320 +3.95% 4,111,885
NIIS 811 +1.50% 3,483,066
DNOS 956 -2.15% 2,184,873
Gainers
Shares Closing Price Change Traded Value (RSD)
ZTPK 6,479 +52.45% 45,790,503
IRTL 1,200 +7.14% 60,000
MTLC 1,540 +6.21% 1,477,398
TGAS 16,320 +3.95% 4,111,885
NIIS 811 +1.50% 3,483,066
Decliners
Shares Closing Price Change Traded Value (RSD)
BABP 1,405 -14.33% 32,315
IMPL 5,600 -5.08% 84,000
DNOS 956 -2.15% 2,184,873
DINNPB 8,008 -1.14% 1,396,320
FINT 655 -0.76% 8,515,000