Last week, the Belex15 index, representing the most liquid shares on the Belgrade Stock Exchange, increased by 1.1% to reach 1,033.2 points. The total turnover for the week was 21.4 million dinars, equivalent to 200,000 euros.
Shares of Naftna Industrija Srbije (NIS) led trading activity, with a significant recovery of nearly 3%, bringing the price to 808 dinars. The turnover for NIS shares was 6.3 million dinars. This gain effectively countered the losses incurred following the announcement of weak half-year results, which had previously driven the stock below 780 dinars. Despite this rebound, Momentum Securities notes that the low daily turnover since the dividend cut-off, averaging around 1.2 million dinars, remains a concern for shareholders.
Dunav Insurance saw its share price increase by 1.9% to 1,146 dinars, with a turnover of 4.4 million dinars, recovering from a previous dip below 1,100 dinars.
Trading in Aerodrom Nikola Tesla shares continued at 1,900 dinars, with a turnover of 3.6 million dinars.
The price of Philip Morris priority shares decreased by 1.1% to 8,110 dinars, with a turnover of 1.3 million dinars. The share price had previously surged above 8,000 dinars, reaching a historic high of 8,200 dinars, in anticipation of the company’s half-year results.
Metalac’s shares rose by 2.3% to 1,718 dinars, with a turnover of 0.4 million dinars. The company reported a 28.9% increase in profit for the first half of the year, totaling 459.4 million dinars, largely driven by domestic market performance.
