The Serbian stock market recorded its first decline since the end of June, with the Belex15 index slipping 0.2% to 1,218.7 points. Trading volume remained solid, supported primarily by activity in government bonds.
Dunav Osiguranje (DNOS) led in turnover but saw its shares drop 1.9% to 1,667 dinars. The stock once again faced resistance at the 1,700-dinar level, falling under selling pressure.
On the positive side, Impol Seval (IMPL) gained 2.6% to 7,999 dinars, boosted in part by the government’s announcement that the Shareholders’ Fund will soon begin selling its 15% stake in the company.
Jedinstvo Sevojno (JESV) rose 1.8% to 8,500 dinars despite reporting a 12% year-on-year decline in unconsolidated profit for the first half of the year.
Shares of Philip Morris’ preferred stock (DINNPB) also saw slight gains. The Shareholders’ Fund holds 16.2% of the company’s common stock, with plans to sell that stake as well.
