Belgrade bourse BELEX15 rises further on gains of Messer, Metalac, NIS

The BELEX15 added 1.21%, closing at 998.80 points.

Messer Tehnogas led the blue-chip gainers on Tuesday, rising 4.16% to 25,000 dinars at close on a volume of 5 traded shares.

Metalac followed, gaining 3.66% to close at 1,700 dinars as 3 shares changed hands.

NIS was next with a 0.75% rise to 806 dinars at close with 177 stocks changing hands.

At the other end, construction company Jedinstvo [BEL:JESV] was the sole decliner among the blue chips, closing down 0.67% at 7,400 dinars on a volume of 5 traded shares.

Outside the blue chips, bakery firm Zitopek [BEL:ZTPK], which lost 1.20% to 7,877 dinars at close, generated the single largest turnover of 5.1 million dinars for the day. In late June, local bakery Don Don, part of Slovenian industrial baked goods maker Don Don Group, launched a buyout bid for the remaining 49.20% of Zitopek it does not already own, with the bid remaining valid until July 15.

The broader BELEXline, a free-float market capitalisation weighted index, also rose, closing 0.76% higher at 2,237.65 points.

Total turnover on the Belgrade bourse jumped to 119.3 million dinars ($1.1 million/1.0 million euro) on Tuesday from 2.8 million dinars on Monday. Some 114 million dinars of Tuesday's total came from trading in government securities.

(1 euro = 117.041 dinars)