The Belex15 index, which tracks the most liquid shares on the Belgrade Stock Exchange, fell by 0.6% last week, according to a report from the Momentum Securities brokerage.
The total market turnover reached 467.2 million dinars (approximately 4 million euros), driven largely by government bond transactions.
The most traded stock was Naftna industrija Srbije (NIS), whose share price continued its downward trend, dropping by 2% to 775 dinars. This marked the lowest value for the stock since June, following the dividend cutoff. NIS shares saw a total turnover of 12.2 million dinars last week.
Shares of “Nikola Tesla” Airport remained stable at 2,000 dinars, with a turnover of 8.1 million dinars. The stock has mostly been trading around this psychological threshold since October and has recorded a 15.6% return since the beginning of the year.
Dunav osiguranje shares rose by 0.7% to 1,350 dinars, with a turnover of 6.5 million dinars. The trading volume would likely have been higher if not for the diminishing supply, as many company employees sold the shares they received for free two and a half years ago.
The price of Messer Tehnogas shares decreased slightly to 34,680 dinars, with a turnover of 3.5 million dinars. Impol Seval shares saw the largest decline, falling 7.3% to 7,139 dinars, with a turnover of 2 million dinars.
Momentum Securities noted that despite a challenging year, which saw the company incur losses in the first half due to global market conditions, Impol Seval’s shares have still risen by around 30% since the start of the year, largely due to the generous dividend paid out.
