The index of the most liquid shares on the Belgrade Stock Exchange, Belex15, increased by 1.2% last week, reaching 1,158 points — the highest level in the past eight weeks, according to brokerage firm Momentum Securities. Total market turnover was relatively low, amounting to just 31.5 million dinars (around 300 million euros).
The most actively traded stock was Messer Tehnogas, whose price rose by 2.1% to 34,727 dinars, with a turnover of 4.6 million dinars. This price increase followed an unexpected dividend hike announced by the company’s management. If approved at the upcoming shareholders’ meeting, shareholders will receive a dividend of 1,115 dinars per share.
Shares of Dunav osiguranje edged up slightly to 1,391 dinars, with a turnover of 3.3 million dinars. Demand remained steady, with modest sell offers below the 1,400 dinar mark.
The share price of Nikola Tesla Airport also saw a small increase, rising to 2,190 dinars on a turnover of 3.1 million dinars.
Jedinstva from Sevojno experienced the largest price jump, climbing 6.7% to 7,999 dinars, with 2.5 million dinars worth of shares traded. Despite reporting lower profits, the company’s management proposed maintaining the same dividend payout as last year.
Trading activity intensified for Energoprojekt Holding shares, which gained 5.5%, reaching 445 dinars, on a turnover of 2.4 million dinars. The company plans to hold its shareholders’ meeting on June 16. However, like last year, this year’s profit will not be distributed as dividends.
