CORRECTED - Serbian Share Indices Extend Modest Gains, Turnover Tumbles

A corrected version follows, adding Monday's turnover figure in the fifth paragraph and a broker comment in the sixth paragraph.

BELGRADE (Serbia), December 2 (SeeNews) – Serbian share indices extended their modest gains on Wednesday in falling turnover, stock exchange data showed.

The Belgrade bourse's blue-chip BELEX15 index ticked up 0.06% to 716.39 points after rising 5.1% on Tuesday.

The broader BELEXline index edged up 0.68% to 1,371.74 points on Wednesday after advancing 3.5% in the previous trading session.

The joint SRX index of the bourses in Belgrade and Vienna slid 0.76% to 316.06 on Wednesday.

The bourse's total turnover fell to 16.5 million dinars ($259,984 /172,724 euro) from 101.7 million dinars on Tuesday and 175.5 million dinars on Monday.

“The large volumes posted over the past few days were mainly the result of pre-agreed trading on behalf of AIK Banka shareholders. The turnover was not an upshot of a large number of companies that were being traded. Today’s volumes are more realistic of the situation,” Zoran Grubacic, head of the Beo Monet brokerage, told SeeNews over the phone.

Blue chip Agrobanka fell 2.57% to 8,849 dinars in the session's highest turnover of 16.1 million dinars.

In single price trading insurer Takovo Osiguranje posted the day’s second highest turnover of 8.2 million dinars. The share price remained unchanged at 3,100 dinars.

Lender Jubmes Banka posted the biggest gain on Wednesday, with share price soaring 11.11% to 20,000 dinars.

Lender Credy Banka led fallers, dropping 8.87% to 3,235 dinars.

Advancers outnumbered decliners 26 to 24, while the shares of 24 companies ended flat on Wednesday.

(1 euro= 95.5282 Serbian dinars)