The Belex15 index, which tracks the most liquid shares on the Belgrade Stock Exchange, decreased by 1.3% last week, reaching 1,113.2 points, according to a report from Momentum brokerage. This marks the sixth consecutive week of a downward trend in the domestic stock market, characterized by very low investment activity.
The total turnover for the week amounted to 181 million dinars (approximately 1.5 million euros).
The most traded stock was Messer Tehnogas, whose price fell by 7.4% to 31,501 dinars, with a turnover of 13.8 million dinars. A significant portion of this turnover was achieved at a price of 34,000 dinars. Messer Tehnogas shares have been trading between 34,000-35,000 dinars for months after Messer closed an unsuccessful takeover bid at 31,250 dinars at the end of October.
Shares of Dunav Osiguranje dropped slightly to 1,371 dinars, with a turnover of 4.5 million dinars. Last week, the shares of the country’s largest insurance company hit an annual peak of 1,392 dinars, driven by decreasing supply of these securities.
On the positive side, shares of Impol Seval increased by 2.3%, reaching 7,400 dinars. The company posted an unexpected loss in the first half of the year, and its annual results are expected to be the worst in recent years.
Shares of Energoprojekt Holding also gained 2.3%, rising to 401 dinars with minimal trading. The company’s majority owner recently made an unsuccessful attempt to close a takeover bid at 375 dinars per share.
