Montenegrin bourse adds wholesaler Veleprodaja, Lovcen Banka to blue-chip index

The change is part of a regular revision of the composition of the MNSE10 index, which tracks the ten most representative shares on the stock market, the Montenegro Stock Exchange said in a statement on Monday.

Lovcen Banka and Veleprodaja will have the lowest weight of 1.47% and 0.51%, respectively, in the MNSE10 index, the statement read.

The bourse also revised the benchmark MONEX index, which tracks the twenty most representative shares on the stock market, by adding insurer Lovcen Osiguranje [MNG:LOVH], lottery operator Lutrija Crne Gore [MNG:LUCG], road builder Mehanizacija i Programat [MNG:MIPR], financial technology firm Profit App International [MNG:PFAP] and Veleprodaja.

At the same time, Central Securities Depository and Clearing Company [MNG:CDAP], hotel operator Primorje [MNG:PRIT], maritime transport company Barska Plovidba [MNG:PUTE], construction firm Vatrostalna [MNG:VATR], railway infrastructure operator Zeljeznicka Infrastruktura Crne Gore [MNG:ZICG] and railway operator Zeljeznicki Prevoz Crne Gore [MNG:ZPCG] were excluded from the MONEX index.