Poor turnover at Belex, indexes inch up

The past five trading days saw extremely modest investment activity, which this time was not masked even by trading in government bonds. The total turnover on the market amounted to less than RSD 20m (EUR 0.17m), while the Belex15 index strengthened by 0.5% to 872.2 points.

The most active stock was the Petroleum Industry of Serbia (NIIS), which continued its upward trend on low volume. Shares in this largest company on Belex increased by an additional 2.1% to RSD 790, with trading value worth RSD 4.6m. The stock, adjusted for the dividend, has returned a yield of around 38% in 2023 so far.

Preferred shares in Philip Morris (DINNPB) continued to oscillate slightly around RSD 8,000 with a turnover of RSD 3.5m. The company fixed a record date for December 31, with an expected dividend yield of around 8%.

Shares in Dunav Osiguranje (DNOS) closed the week at RSD 981 with a turnover of RSD 1.6m, while Belgrade Airport (AERO) increased slightly to RSD 1,705 with minor investment activity. The airport in Belgrade, run by concessionaire VINCI, announced it welcomed 6.7 million passengers in the first ten months, surpassing record 2019 year.

WEEKLY REPORT, November 13-17, 2023