BELEX ended weekly session mainly mixed, since BELEX15 was up only 0.15%, while broad BELEXline lost 0.37% w/w. Major names were not in focus, while Alfa Plam was the most traded stock with RSD 42m in volume.
From the corporate side, NIS was a number one event as it reported 6M/2Q numbers. The company delivered a net profit of RSD 3.2bn. This is 72% y/y drop due to poor 1Q period, although 2Q itself was also not so impressive due to unfavorable crude oil. Prices and lower production. The stock was however nearly flat w/w.
From the macro side, industrial output was 6.1% down in June compared to the same month last year, the national statistical office RZS said in a statement Wednesday. The largest impact on the fall of industrial production in June 2019 compared to June 2018 came from the divisions of production of refined petroleum products, production of food products, manufacture of machinery and equipment.