Last week, the Belex15 index, comprising the most liquid shares on the Belgrade Stock Exchange, experienced a 0.9 percent decline, settling at 1,006.3 points, as reported by Momentum Securities brokerage today. The total market turnover amounted to 227.1 million dinars or 1.9 million euros.
The most actively traded share was the Oil Industry of Serbia (NIS), which saw a 1.1 percent increase to 864 dinars, with a turnover of 10.8 million dinars.
Following the conclusion of trading on Friday, NIS released its quarterly results for January-March, reflecting a significant downturn due to the Refinery overhaul in Pancevo. Net profit for NIS in that quarter plummeted by 85 percent to 1.8 billion dinars, primarily attributed to a one-third reduction in processing at the Pancevo Refinery, coupled with an 18 percent decrease in turnover.
Messer Tehnogas shares have reverted to their price from the recently concluded takeover bid, standing at 25,000 dinars. The total turnover amounted to 5.5 million dinars, with Messer acquiring 3.5 percent of the shares in the offer, raising its ownership share to 85.6 percent.
The price of Nikola Tesla Airport shares declined by 2.1 percent to 1,905 dinars, with limited trading activity. Dunav osiguranje’s shares saw a one percent decrease to 972 dinars, with a turnover of less than a million dinars. The company announced that the Shareholders’ Assembly approved a proposed dividend of RSD 51.64 per share.
Meanwhile, Impol Seval witnessed a substantial surge of 13.8 percent to 6,500 dinars, with a turnover of 1.5 million dinars. The company’s recently disclosed annual financial results indicated a significant decrease in net profit, from 2.8 billion dinars in 2022 to 333.7 million dinars in 2023.
