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Tigar leads Serbian blue-chip gainers, share indices rise

Tigar leads Serbian blue-chip gainers, share indices rise Author: Belgrade Stock Exchange. License: All rights reserved.

BELGRADE (Serbia), December 9 (SeeNews) - Serbian rubber and chemical products manufacturer Tigar [BEL:TIGR] led the blue-chip gainers in Belgrade on Thursday, rising 4.76% to 110 dinars, as share indices kept gaining ground. 

The blue-chip BELEX15 index, which tracks the most liquid shares on the Belgrade Stock Exchange, added 0.34% to 719.52, its highest level since May 25, 2015 when it closed at 722.27. On Wednesday, the BELEX15 gained 0.32% to 717.08.

The broader BELEXline, a free‐float market capitalisation weighted index, rose by 0.31% and reached another three-year high of 1,586.29 on Friday, after advancing 0.41% to 1,581.40 points in the previous session.

Trading in shares generated 47.4 million dinars ($406,572/384,620 euro) of turnover on Friday versus 34.6 million dinars on Thursday. 

Civil engineering group Energoprojekt Holding [BEL:ENHL] generated the highest turnover among blue chips on Friday as the total value of shares in the company that changed hands amounted to 13.6 million dinars.

Lender Komercijalna Banka [BEL:KMBN] paced the blue-chip decliners, after losing 2.23% to 1,711 dinars on Friday. 

BELEX15 and BELEXline won 1.86% and 2.18%, respectively, in the period between December 5 and 9. The two indices closed in the red on Monday, but generated gains for four straight sessions thereafter.

The total value of trading in shares on the Belgrade stock market in the period amounted to 137 million dinars. Trading in Treasury bonds made 725 million dinars of the week's total turnover of 861,8 million dinars on the Belgrade Stock Exchange.

Oil and gas company NIS [BEL:NIIS] was the most traded stock this week, with a total of 57,523 shares changing hands between November 5 and 9. The trading turnover in NIS shares amounted to 42.6 million dinars. 

(1 euro = 123.216 dinars)

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