The Belex15 Index, which tracks the most liquid stocks, surged by 2.7% last week to reach 1,061.2 points, according to Momentum Securities. The domestic stock market hit a new record value following the unexpected announcement of a new consolidation attempt at Tehnogas, which boosted market activity.
Total trading volume amounted to 272.4 million dinars (approximately 2.3 million euros).
The most traded stock was Dunav Osiguranje, with its price slightly rising to 1,151 dinars and a trading volume of 6.6 million dinars. Recently, Dunav shares have been traded mostly within the 1,100 – 1,150 dinar range. The upcoming release of half-yearly financial results is anticipated to inject more activity into trading of this stock.
Shares of Naftna Industrija Srbije (NIS) increased by 0.9% to 815 dinars, with a trading volume of just under six million dinars.
The recovery in NIS stock value was not driven by any significant news related to the company but rather reflected the overall linear rise of the most liquid stocks following the new Tehnogas acquisition announcement.
