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Luka Bar leads Montenegro blue-chip gainers in Nov, share indices end mixed

Author Radomir Ralev
Luka Bar leads Montenegro blue-chip gainers in Nov, share indices end mixed Source: Pixabay

PODGORICA (Montenegro), December 2 (SeeNews) – Montenegro's majority state-owned port operator Luka Bar [MNG:LUBA] led the blue-chip gainers on the Montenegrin stock exchange in November, as stock indices ended mixed, bourse data indicated.

The blue-chip index of the Montenegro Stock Exchange, MNSE10, closed November at 789.11 points, down 0.46% month-on-month.

The benchmark MONEX index, which tracks the 20 most representative shares on the Montenegro Stock Exchange, rose 1.73% in November and closed at 11,650.90 points.

Luka Bar rose the most among the blue chips in November, adding 9.65% month-on-month to 0.2408 euro, as 115,666 of its shares changed hands in 23 transactions. The company generated a share turnover of 27,856 euro.

Power transmission system operator Crnogorski Elektroprenosni Sistem (CGES) [MNG:PREN] paced the blue-chip decliners in November, as its share price fell 10.45% on the month to 0.6150 euro. A total of 151,068 of the company's shares changed hands, generating a turnover of 92,900 euro.

Тhe bourse's total turnover grew in November to 20.6 million euro ($22.7 million) from 2.4 million euro a month earlier.

A total of 273 transactions were concluded on the bourse in Podgorica in November, versus 289 in October. Stock market capitalisation was 3.475 billion euro at the end of November, up from 3.456 billion euro a month earlier.

($ = 0.907882 euro)