Last week saw a notable rise of 2.2% in the Beleks15 index, the most liquid shares index on the Belgrade Stock Exchange, as announced today by Momentum brokerage.
Since the start of 2024, the index basket has yielded approximately 13%.
Market turnover for the week reached 755.2 million dinars or 6.4 million euros, with Meser Tehnogas emerging as the most traded share.
Meser Tehnogas saw a turnover value of 12.2 million dinars, marking a 3.5% price increase to 24,850 dinars. This surge brought the stock price close to the takeover bid price of 25,000 dinars per share announced by the company’s majority owner, Germany’s Messer, with the offer remaining open until April 15.
Meanwhile, Dunav Osiguranje shares witnessed a 5.8% increase in price last week, reaching 1,048 dinars, accompanied by a turnover of 11.5 million dinars. This rebound in share price, previously hovering around 900 dinars, followed the announcement of annual results, which turned out to be better than anticipated. In 2023, the company reported a profit of 1.9 billion dinars and proposed a dividend of 51.6 dinars per share, translating to a yield of under five percent.
Naftna Industrija Srbije (NIS) also saw a positive trading week, with its share price rising by three percent to 860 dinars, generating a turnover of 4.2 million dinars. Additionally, Impol Seval experienced a gain of 2.6% in share price, reaching 5,850 dinars, albeit with a lower turnover.
