The Belgrade Stock Exchange’s Belex15 index of the most liquid shares rose by 0.4 percent last week, reaching 1,135 points, according to the Momentum Securities brokerage report. Total turnover for the week amounted to 382.3 million dinars (approximately 3.3 million euros), primarily driven by government bond transactions.
Although shares of the Serbian Oil Industry (NIS) have not been actively traded recently, investor attention focused on a key development. The US administration granted NIS a special license that delays the sanctions enforcement for a month, until March 28. The company plans to use this time to continue collaborating with shareholders to find a sustainable solution for its operations and to resolve issues related to payment transactions at NIS gas stations, which were affected by sanctions.
Before the sanctions were set to take effect, Gazpromneft reduced its stake in NIS from 50 percent to 44.8 percent by transferring a 5.2 percent share to Gazprom under a no-payment agreement.
With limited trading in NIS shares, the overall turnover on the Belgrade Stock Exchange was quite low.
Dunav Osiguranje saw the highest trading activity, with shares worth 5.6 million dinars traded, resulting in a 2.3 percent price increase to 1,452 dinars. The stock reached nearly 1,500 dinars during the week, aided by a limited supply of shares. Three years ago, about 18 percent of the company’s capital was distributed to employees, many of whom have since sold their shares.
Shares of Impol Seval remained steady at 7,700 dinars, with minimal trading activity.
The shares of Airport “Nikola Tesla” continued to experience low turnover, with a slight price decline.
