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Oct 29, 2007 17:14 EEST
BELGRADE (Serbia), October 29 (SeeNews) – Indices and turnover ended lower again on Monday as most of the quality companies on the Belgrade Stock Exchange (BELEX) lost ground, brokers said.
The BELEX15 fell a further 2.55% to 2,575.77 points, while the broader BELEXline index dropped 1.84% to 4,201.95 points.
The joint SRX index of the bourses in Belgrade and Vienna lost 3.18% to 1,469.26.
Total BELEX turnover fell to 308 million dinars ($5.7 million/4 million euro) from 581 million dinars on Friday.
“All the market fell again,” Nikola Tepavcevic, a broker with Confidence brokerage, told SeeNews. “We really don’t know what is happening but some 90% of the quality shares ended lower today.”
“The [five] companies with the biggest [price] growth on Monday rose from 0.11% to 1.92%, which is absolutely nothing,” he added.
Blue-chip heavyweight commercial bank Komercijalna Banka had the biggest BELEX rise of 1.92% to 115,000 dinars on Monday.
“Komercijalna Banka closed at 115,000 today as it was 112,000 on Friday, which is nothing, compared to the 130,000 it was a couple of weeks ago,” Tepavcevic said. The shares of Komercijalna Banka closed at 130,377 dinars on October 15.
Another blue-chip heavyweight, AIK Banka, was the best traded in turnover terms, dropping 4.59% to 10,277 dinars in 71 million dinars of turnover.
“AIK Banka is one of the few banks, which constantly has good turnover,” Tepavcevic said. “But its price doesn’t grow much, it fluctuates from 10,000 to 11,000 [dinars].”
(1 euro = 77.1825 dinars)
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