The Belex15 index, which tracks the most liquid shares on the Belgrade Stock Exchange, rose by 0.7% last week, reaching 1,143.4 points, according to Momentum Securities brokerage.
Total trading volume, driven largely by government bonds, amounted to 270 million dinars (around 2.3 million euros). The most traded stock was Dunav Osiguranje, whose share price increased by 2.6%, reaching 1,490 dinars, with a modest turnover of 1.5 million dinars. Since the start of the year, Dunav Osiguranje’s shares have risen by 8.4%, following a significant 46% increase in value last year.
Tehnogas shares remained stable at 34,000 dinars, with a turnover of 1.2 million dinars. This price level is 10% higher than the offer made for the takeover of Messer, which ultimately failed to convince a large number of shareholders to sell their shares.
Shares of Energoprojekt Holding, the majority of which are owned by a single shareholder, rose by 1.3%, reaching 406 dinars, with a turnover of 0.6 million dinars. Despite this increase, the company’s share price remains significantly lower than the 2017 takeover price, and the company’s operations have weakened since then.
Meanwhile, shares of Metalac from Upper Milan gained 2.4%, reaching 1,950 dinars, with a turnover of 400 million dinars. On the other hand, the price of shares for “Nikola Tesla” Airport slightly decreased to 1,987 dinars, continuing a trend of low turnover.
