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EPCG leads Montenegro blue-chip gainers in May, share indices rise

Author Radomir Ralev
EPCG leads Montenegro blue-chip gainers in May, share indices rise Source: Pixabay

PODGORICA (Montenegro), June 8 (SeeNews) - Montenegro's state-owned power utility EPCG [MNG:EPCG] led the blue-chip gainers on the Montenegrin stock exchange in May, as stock indices ended up, bourse data indicated.

The blue-chip index of the Montenegro Stock Exchange, MNSE10, closed up 0.32% in May at 793.20 points.

The benchmark MONEX index, which tracks the 20 most representative shares on the Montenegro Stock Exchange, went up 7.94% in May and closed at 10,855.55 points.

A total of 3,266 EPCG shares changed hands in turnover of 11,419 euro in May. EPCG won 6.95% to 3.496 euro.

Port operator Luka Bar [MNG:LUBA] paced the blue-chip decliners in May, as its share price fell 9.7% on the month to 0.255 euro. A total of 9,274 of the company's shares changed hands, generating a turnover of 2,365 euro.

The bourse's total turnover grew in May to 24.7 million euro ($26.5 million) from 93,648 euro a month earlier.

A total of 84 transactions were concluded on the bourse in Podgorica in May, versus 54 in April. Stock market capitalisation was 3.265 billion euro at the end of May, down from 3.274 billion euro a month earlier.

($ = 0.93323 euro)

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