Albania picks local tie-up for Vlora airport power line
UniCredit expands onemarkets Fund to CEE, eyes Romania
Romania's Jan-Oct tourism numbers rise 11.3% y/y
Bosnia's Mostar airport seeks airline for regular flights to Zagreb
Bulgaria's Yambolen board backs Enicorp buyout bid
Oct 04, 2007 16:10 EEST
BELGRADE (Serbia), October 4 (SeeNews) – The indices of the Belgrade Stock Exchange (BELEX) continued to rise on Thursday, in bigger turnover, probably due to investment fund activity, brokers said.
The blue-chip BELEX15 index gained 0.23% to 2,845.62 points, while the broader BELEXline added 0.33% to 4,467.00. The joint SRX index of the bourses in Belgrade and Vienna went up 0.12% to 1,613.06. Total turnover rose to 643 million dinars ($11.6 million/8.2 million euro) from 510 million on Wednesday.
“Today’s rising trend was already present yesterday, probably the [investment] funds became a bit more active,” Danko Knezevic from Delta Brokerage in Belgrade told SeeNews. “Nothing special happened on the market.”
Last month the fourth investment fund in Serbia, Focus Premium, launched operations. Raiffeisen Akcije, managed by Austria’s Raiffeisen banking group; Delta Plus, managed by fund manager Delta Investments, and Fima ProActive, managed by Serbian fund manager Fima Invest, part of Croatia-based financial group Fima, are the other open-end investment funds operating in Serbia.
“I think their total assets are over 50 million euro, which is still not much for Serbia,” Knezevic said.
Food company Fidelinka was the most traded in turnover terms on Thursday, dropping 0.56% to 4,246 dinars in 226 million dinars of turnover.
“I did notice Fidelinka had a huge turnover today but I don’t know who might be the buyer and the seller,” Knezevic said. “Fidelinka is in the sector which is quite attractive in Serbia, food and flour production.”
Blue-chip Komercijalna Banka was the second best traded company, gaining 0.74% to 126,983 dinars in 88 million dinars of turnover.
(1 euro = 78.0553 dinars)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options