Metalac leads Belgrade blue-chip gainers, BELEXline rises to new 3-yr high

Metalac leads Belgrade blue-chip gainers, BELEXline rises to new 3-yr high Author: Belgrade Stock Exchange. License: All rights reserved.

BELGRADE (Serbia), December 2 (SeeNews) - Serbian cookware maker Metalac [BEL:MTLC] led the gainers' list among the blue-chip companies on the Belgrade Stock Exchange on Friday, as indices extended their advance to fresh highs.   

The blue-chip BELEX15 index, which tracks the most liquid shares on the Belgrade Stock Exchange, added 0.72% to 706.37, its highest level since May 29, 2015, when it closed at 708.57. On Thursday, the BELEX15 gained 0.96%.

The broader BELEXline, a free‐float market capitalisation weighted index, rose by 0.62% and reached another three-year high of 1,552.52 on Friday, after advancing 0.72% to 1,542.92 points in the previous session.

Metalac's shares rose 4.30% to 1,600 dinars as 20 shares were traded on Friday. 

Komercijalna Banka [BEL:KMBN] paced the blue-chip decliners, shedding 4.21% to 910 dinars, with 100 shares changing hands.

Oil and gas company NIS [BEL:NIIS] again generated the highest trading turnover among the blue chips, of 6.5 million dinars on Friday. NIS closed 0.57% higher at 711 dinars. NIS was also the most traded blue chip, as 9,196 of its shares changed hands.

Turnover from trading in shares fell to 20.5 million dinars ($176,999/166,200 euro) on Friday, from 29.4 million dinars in the previous session.

(1 euro = 123.025 dinars)

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