Serbian Shares Rise, Turnover Soars on Block Deals

The bourse's blue-chip BELEX15 index edged up 0.64% to 826.66 points after losing 1.5% on Thursday. The broader BELEXline index gained 0.56% to 1,573.70 points after falling 1.08% a day earlier.

The joint SRX index of the bourses in Belgrade and Vienna was up 0.32% to 375.08 on Friday.

The Belgrade bourse’s total turnover surged to 286.5 million dinars ($4.3 million/2.9 million euro) from 64.9 million dinars on Thursday.

The two block deals in shares of Rudnap Grupa generated a combined turnover of 224 million dinars. In the first block deal of 106.3 million dinars, 302,772 shares changed hands at 351 dinars each, same as the price at which 335,501 shares changed hands in the second transaction.

Away from the block segment, blue chip AIK Banka posted the session’s largest turnover of 23.1 million dinars. Shares ticked up 0.1% to 3,012 dinars.

Senta Promet, a wholesaler and retailer of diversified goods, remained unchanged at 1,382 dinars in the session’s second-largest turnover of 8.5 million dinars.

Blue-chip soybean producer Sojaprotein dipped 0.18% to 1,123 dinars in the third-largest turnover of 3.4 million dinars.

Wine maker Vino Zupa added 3.24% to 8,800 dinars in the biggest price increase for the day.

Seed producer Agrocoop led the decliners, tumbling 4.11% to 350 dinars.

Gainers outnumbered losers 22 to 16, while the shares of 24 companies remained unchanged.

(1 euro=93.1228 Serbian dinars)