The domestic stock market halted its four-week downward trend last week, but turnover remained extremely poor. Total turnover on the market was a modest RSD 57.1m (EUR 0.5m), while the Belex15 index rose by 0.3% to almost 993 points.

The most active stock on the market was the Petroleum Industry of Serbia (NIIS), which recorded a turnover of RSD 30.1m with a decline of 1.6% to RSD 845. NIS has scheduled its AGM for 27 June and, as already known, the company will pay out a quarter of its profit as a dividend. If the AGM approves the proposed decision, shareholders will receive a dividend of RSD 10.5bn, or RSD 64.26 per share, with an ex-dividend date of 14 June.

Impol Seval (IMPL) led the gainers, with a jump of 13.9% to RSD 7,400 on a turnover of RSD 3.0m. This company will also pay an exceptional dividend despite a significant drop in profit in 2023. According to the proposed decision, shareholders will receive RSD 870.5 per share, bearing a yield of 11.8% at the current price.

Dunav Osiguranje (DNOS) broke several weeks of downtrend, gaining 3.6% to RSD 958, but with a modest turnover of RSD 1.9m. Belgrade Airport (AERO) remained around RSD 1,900 with a turnover of RSD 1.6m, while the losers led by Jedinstvo Sevojno (JESV), which fell below RSD 7,000 for the first time in a long time. This company also announced a solid dividend proposal, as shareholders will receive RSD 647 per share this year, bearing a yield of almost 10% on the last price of RSD 6,601.

WEEKLY REPORT, May  20-24, 2024

Close 992.96
Weekly Change (abs) +2.79
Weekly Change (%) +0.28%
Weekly High 999.57
Weekly Low 976.89
Traded Value (RSD) 37,677,785
Most Active 
Shares Closing Price Change Traded Value (RSD)
NIIS 845 -1.63% 30,064,565
IMPL 7.400 +13.85% 2,953,659
GFOM 1,400 -6.67% 2,222,050
DNOS 958 +3.57% 1,944,081
AERO 1,900 -0.05% 1,641,121
Shares Closing Price Change Traded Value (RSD)
IMPL 7,400 +13.85% 2,953,659
DNOS 958 +3.57% 1,944,081
FINT 660 +1.54% 33,000
ENHL 365 +0.83% 667,539
Shares Closing Price Change Traded Value (RSD)
GFOM 1,400 -6.67% 2,222,050
JESV 6,601 -5.70% 268,020
MTLC 1,777 -2.63% 105,800
NIIS 845 -1.63% 30,064,565
DINNPB 7,506 -1.24% 233,720