PODGORICA (Montenegro), February 1 (SeeNews) – Miner Rudnik Uglja [MNG:RUPV] led the blue-chip gainers on the Montenegrin stock exchange in January, as stock indices rose, bourse data indicated on Wednesday.
The blue-chip index of the Montenegro Stock Exchange, MNSE10, closed at 934.79 points on Tuesday, up 0.70% month-on-month but 9% down year-on-year.
The MONEX PIF index, which tracks six privatisation and investment funds, increased by 1.44% month-on-month in January, reaching 2,711.91 points. The index rose 2.6% year-on-year.
Rudnik Uglja rose the most among the blue chips in January, adding 37.29% month-on-month to 4.12 euro, as 11,400 of its shares changed hands in 19 transactions.
Telecommunications company Crnogorski Telekom [MNG:TECG] paced the blue-chip decliners in January, shedding 7.05% month-on-month, to 2.71 euro. The company generated a share turnover of 247,955 euro, the highest one among Montenegrin blue chips in January. A total of 85,468 shares in the company changed hands in January in 36 transactions.
Turnover from trading in shares on the Montenegro bourse slumped in December to 1.821 million euro ($1.956 million) from 3.898 million euro a year earlier. Trading turnover was 5.6% higher than in December.
Trading in Treasury bonds contributed 940,900 euro to the bourse's total turnover of 2.888 million euro in January, as 980 securities of the zero-coupon OB17 issue, maturing on July 1, 2017, changed hands in a single transaction on Tuesday. A total of 1,250 corporate bonds of Hipotekarna Banka [MNG:HIBP] changed hands on January 27, generating a turnover of 125,625 euro. The bonds of Hipotekarna Banka mature on June 1, 2017, and bear a coupon of 3%.
A total of 279 transactions were concluded on the bourse in Podgorica in January, versus 414 in December. Stock market capitalisation was 2.903 billion euro at the end of January, up from 2.878 billion euro a month earlier.
($=0.9309 euro)