Serbian Indices Fall, Turnover Declines

“Nothing new happened here, we just shadow what is happening around the world,” a local broker told SeeNews.

The blue-chip BELEX15 index lost 0.79% to 671.36 points on Thursday after falling 1.58% on Wednesday. The index has lost around 71% since the beginning of the year due to increased risk aversion among investors fuelled by the global financial crisis.

The composite BELEXline index dropped 0.89% to 1,382.51 points, its lowest mark so far in 2008, while the joint SRX index of the bourses in Belgrade and Vienna lost 0.37% to 330.61.

Total BELEX turnover slipped to some 79 million dinars ($1.2 million/ 931,300 euro) from 81 million dinars on Wednesday.

On Thursday, insurer Takovo Osiguranje plunged 12.01% to 4,646 dinars in 13 million dinars of turnover, the highest for the day. Blue chip AIK Banka fell 2.73% to 2,527 dinars in 10 million dinars of turnover, the second highest on Thursday.

Losers on Thursday outnumbered gainers 36 to 12 as 26 stocks were unchanged.

(1 euro = 84.8304 dinars)