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Montenegro Stock Exchange reshuffles blue-chip index

Author Radomir Ralev
Montenegro Stock Exchange reshuffles blue-chip index Source: Pixabay

PODGORICA (Montenegro), October 5 (SeeNews) - Non-residential building operator Moraca [MNG:TITI] and hotel operator Sveti Stefan Hoteli [MNG:SSHO] have joined the blue-chip MNSE10 index of the Montenegro Stock Exchange (MNSE) the bourse said following under a regular revision of the index.

Moraca and Sveti Stefan Hoteli have replaced Hipotekarna Banka [MNG:HIBP] and hotel operator Mimoza [MNG:MIMO] because their shares do not meet the conditions for being members of the index, the MNSE said in a statement last week.

The weights of Moraca and Sveti Stefan Hoteli in the index were set at 5.60% and 4.57%, respectively.

The revision of the MNSE10 was carried out based on trading data from March 31, 2021, to September 30, 2021.

Hipotekarna Banka A.D. Podgorica is among the biggest banks in SEE, for more reference take a look at Top 100 banks
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