Weekly overview 24.06.-28.06.2019
Objavljeno: 01. 07. 2019

Major BELEX indices ended the last week mixed again. BELEX15 was up 1.58%, mainly due to sharp jump at Komercijalna Banka, while BELEXline lost 0.37% since Jubmes Banka lost solid 15% w/w.

Major corporate event was a report on Serbia’s purchase of 6.8% of Komercijalna banka shares from the DEG and the SVED funds for 5.1 bln dinars (EUR 43.7m). Serbian government had purchased a total 1,159,000 shares from the German and the Swedish funds at a price of 4,447 dinars per share, which triggered 11.4% jump in a stock price at BELEX. If we exclude huge transaction at Sojaprotein, this bank was also top traded name on a weekly basis, with RSD 40m in volume, which is far bigger versus all others.

From the macro side, Serbia's overall external trade rose 9.7 pct to 16.67 bln euros in January-May 2019 - exports were 8.3% up and imports were 10.8 pct up y-o-y. According to preliminary results released by the national statistical office RZS, Serbian retail trade turnover in January-May 2019 increased by 11% at current prices and by 8.2% at constant prices compared to the same period of 2018.