Belgrade Stocks Start Week Weaker, AIK Banka Lifts Daily Turnover

“Nothing interesting happened today. We had most of the turnover concentrated in two shares only, AIK Banka and [blue-chip cookware manufacturer] Metalac,” Nikola Tepavcevic, a broker with Confidence brokerage, told SeeNews.

After reaching an all time low of 474.30 points during the day, the blue-chip BELEX15 index closed down 1.03% at 474.56 points. The index plunged a total of 8.78% through last week. Since the beginning of the year the global financial crisis has knocked 79% off the benchmark.

The composite BELEX line index fell 0.48% to 1,078.47 points, its lowest mark so far this year, while the joint SRX index of the bourses in Belgrade and Vienna closed 0.18% lower at 238.00.

Total BELEX turnover doubled to 275 million dinars ($4.5 million/3.2 million euro) from 184 million dinars on Friday, when trading in AIK Banka shares accounted for some 99 million dinars.

On Monday, AIK Banka gained 0.42% to 1,909 dinars on deals worth 116 million dinars, the day's largest turnover. Shares in Metalac fell 0.81% to 1,350 dinars in 95 million dinars of turnover, the second highest for the day.

On Monday, losers outnumbered gainers by 34 to 13, while 29 stocks remained unchanged.

(1 euro = 85.5436 dinars)