The Belex15 index, which tracks the most liquid stocks on the Belgrade Stock Exchange, dropped by 0.7 percent last week, closing at 1,142.3 points, according to Momentum Securities. This marks the second consecutive week of declines for the domestic stock market, although the fluctuations were significantly less volatile compared to global market shifts, thanks to relatively low liquidity.
The total trading turnover amounted to 582.4 million dinars, or about five million euros.
The most traded stock was “Jedinstvo” from Sevojno, a production and assembly company, which saw its share price decrease by four percent, falling to 7,485 dinars with a turnover of 9.2 million dinars. In late January, the company announced a non-consolidated profit of 151.5 million dinars for the previous year, down from 269.6 million dinars in the previous year.
“Jedinstvo” distributed a dividend of 647.06 dinars per share last year, and the proposal for this year’s dividend will be announced in May.
The share price of “Dunav osiguranje,” which became the most liquid stock after the withdrawal of NIS, continued its downward trend, falling by 2.7 percent to 1,450 dinars with a turnover of 4.7 million dinars. On Wednesday, April 16, the first day of trading without the right to participate in the distribution of last year’s profits, the company’s management proposed a dividend of 121.45 dinars per share.
Meanwhile, “Meser Tehnogas” saw a 1.5 percent drop in its share price, reaching 33,500 dinars with a turnover of 4.4 million dinars. The share of Belgrade’s “Nikola Tesla” airport remained at its historical maximum of 2,100 dinars, with a turnover of 3.8 million dinars. The shares of the company overseeing the airport’s concession process increased by 1.4 percent.
In addition to “Jedinstvo,” another loser in the index basket was “Impol Seval,” which reported a small profit for the previous year. It remains to be seen what this year’s dividend will be, after the record payouts in previous years.
