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Sep 24, 2007 18:24 EEST
BELGRADE (Serbia), September 24 (SeeNews) – Shares on the Belgrade Stock Exchange (BELEX) gained on Monday in lower turnover and brokers said banks performed well.
The blue-chip BELEX15 index closed unchanged at 2,792.04 points, while the broader BELEXline gained 0.17% to 4,405.62. The joint SRX index of the bourses in Belgrade and Vienna rose 0.61% to 1,569.83.
Total BELEX turnover fell to 366 million dinars ($6.6 million/4.7 million euro) from 553 million dinars on Friday.
“Today the indices did not fall, which is important,” Slavko Davidovic, a broker with Confidence brokerage, told SeeNews. “We hope and expect the market to move up this week as the prices already fell enough.”
“The banks performed well today, most of them had some slight rise,” Davidovic said.
One of the biggest price rises had blue-chip Jubmes Banka, climbing 3.31% to 125,000 dinars, while another blue-chip bank, Agrobanka, was among the best traded in turnover terms, adding 1.7% to 32,543 dinars in 23 million dinars of turnover.
The largest turnover on Monday had blue-chip soybean company Sojaprotein Becej, rising 0.45% to 22,373 dinars in over 73 million dinars of turnover.
“Sojaprotein was the most traded with a slight price increase and it is the favourite to join the A listing next,” Davidovic said.
Blue-chip engineering holding Energoprojekt and rubber and chemicals group Tigar are currently the only two companies listed on the more transparent A segment of the Belgrade bourse, while all other company stocks are traded on BELEX's unregulated market. In July, Sojaprotein announced plans to list on the so-called official market soon.
For an official A listing, a company needs to publish regular quarterly financial reports, while companies whose shares are traded on the unregulated market are obliged to publish their financial reports only once a year.
(1 euro = 78.2843 dinars)
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