Bosnian Stock Indices End Week Mixed in Dull Trading

“Nothing significant happened this week. There wasn't much movement in the Sarajevo blue chips partly because of the price range limits introduced by the bourse - 5.0% down and 10% up. Generally, there was more interest on the supply side than on the demand side,” Dzevad Begic of the Sarajevo-based brokerage Fima Int. told SeeNews.

SASX-10, tracking the 10 blue chips on the Sarajevo Stock Exchange (SASE), Bosnia’s bigger bourse, rose 1.63% from last Friday to 1,538.71 points.

Weekly turnover slumped to 4.59 to million marka ($3.00 million/2.35 million euro) from 55.59 million marka last week, when it got a huge boost from a 33.78 million marka trade in Intesa Sanpaolo Banka, the bourse said in its weekly trading report.

Drug firm Bosnalijek posted the highest weekly turnover of 768,619 marka on SASE. It was traded at an average weighted price of 19.79 marka on Friday, up 7.67% from a week ago.

Engineering firm Energoinvest was the best performer in SASX-10, gaining 12.17% from last Friday to an average weighted price of 10.32 marka. The weakest performer in the index was fuel retailer Energopetrol, which lost 12.09% from last Friday to an average 28.93 marka.

SASE’s other index, the BIFX, which tracks investment funds, fell 1.25% this week to 2,633.10 points.

Turnover on Bosnia’s smaller bourse, the Banja Luka Stock Exchange (BLSE), dropped to 1.51 million marka this week from 4.40 million marka last week with the main indices losing ground.

The BLSE benchmark BIRS index fell 1.46% from last Friday to 1,178.60 points. The BLSE investment fund index FIRS was also down, falling by a weekly 0.60% to 2,220.80 points.

Telekom Srpske was the most traded stock on the BLSE's official market with a turnover of 86,822 marka and an average weighted price of 1.22 marka on Friday, unchanged from a week earlier.

Zepter Fond had the highest turnover of 54,497 marka among investment funds this week, adding 2.21% to an average weighted price of 6.00 marka on Friday. It was also the biggest gainer among the funds this week.

Laktasi-based Trgovina had the highest turnover of 94,201 marka on the free market, reaching an average price of 0.36 marka on Friday, down 20.00% from a week ago.

(1 euro = 1.95583 Bosnian marka)