Belgrade Shares Extend Meek Returns, Turnover Rises

The blue-chip BELEX15 index of the Belgrade Stock Exchange rose 0.11% to 792.52 points after picking up 0.08% on Tuesday. The broader BELEXline index picked up 0.40% to 1,487.81 points after advancing 0.15% a day earlier.

The joint SRX index of the bourses in Belgrade and Vienna rose 1.70% to 359.81 on Wednesday.

The Belgrade bourse's total turnover rose to 130 million dinars ($2.0 million/1.4 million euro) from 115 million dinars on Tuesday. Trade in government securities doubled to 25 million dinars of turnover.

Blue-chip lender AIK Banka was again the most traded company on Wednesday. Its shares fell 1.86% to 3,007 dinars in a turnover of 65 million dinars.

Its blue-chip peer, engineering holding company Energoprojekt, posted the session’s second highest turnover of 15.5 million dinars. Shares remained unchanged at 1,013 dinars.

Blue-chip lender Agrobanka edged down 0.49% to 9,741 dinars in the third largest turnover of 6.2 million dinars.

Commercial bank Cacanska Banka was the biggest advancer on Wednesday, rising 8.28% to 21,267 dinars.

Electrical engineering company Energomontaza posted the biggest loss, tumbling 10.11% to 4,000 dinars.

Gainers outnumbered losers 19 to 30, while the shares of 16 companies ended unchanged on Wednesday.

(1 euro=93.5418 Serbian dinars)