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Budvanska leads Montenegro blue-chip gainers in August

Author Radomir Ralev
Budvanska leads Montenegro blue-chip gainers in August Source: Pixabay

PODGORICA (Montenegro), September 2 (SeeNews) - PODGORICA (Montenegro), September 2 (SeeNews) – Hotel operator Budvanska Rivijera [MNG:BUDR] led the blue-chip gainers on the Montenegrin stock exchange in August, as stock indices ended up, bourse data indicated.

The blue-chip index of the Montenegro Stock Exchange, MNSE10, closed up 3.78% in August at 773.09 points.

The benchmark MONEX index, which tracks the 20 most representative shares on the Montenegro Stock Exchange, went up 1.54% in August and closed at 11,042.22 points.

A total of 537 Budvanska shares changed hands in turnover of 2,825 euro in August. Budvanska won 19.52% to 5.2609 euro.

Port operator Luka Bar [MNG:LUBA] paced the blue-chip decliners in August, as its share price fell 8.33% on the month to 0.3576 euro. A total of 20,274 of the company's shares changed hands, generating a turnover of 7,250 euro.

The bourse's total turnover fell in August to 340,541 euro ($402,900) from 2.347 million euro a month earlier.

A total of 92 transactions were concluded on the bourse in Podgorica in August, versus 117 in July. Stock market capitalisation was 3.20 billion euro at the end of August, up from 3.169 billion euro a month earlier.

($ = 0.82248 euro)