Another one bullish week at BELEX was ended, with BELEX15 up 0.35% w/w, while broad BELEXline added 0.65%. BELEX15 advance was led mainly by Energoprojekt (ENHL), which was up 4.6% w/w. We still have no consolidated report for 2018, from this company.
The most tared name was Beglared Airport (AERO), with RSD 13.4m in volume, while its stock price was down 1.1%. It was followed by Tehnogas and NIS, since these two names delivered RSD 10.9m and 10.4m in volume, respectively. No specific corporate events appeared, while we believe investors are now rather focused on incoming dividend record days for several names, such Metalac, NIS, Fitofarmacija and Tehnogas.
From the macro side, the NBS Executive Board voted to keep the key policy rate on hold, at 3.0%. In making the decision, the Executive Board was guided primarily by the expected movement of inflation and its underlying factors in the domestic and international environment.