Both BELEX15 and BELEXline were in a stagnation on a weekly basis, with only symbolic changes- BELEX15 was down by 0.05%, while BELEXline lost even smaller percentage – 0.03%. The most traded name was Komercijana Banka, with RSD 59m in volume. The privatization process is expected to be need on 2th December this year, when mandatory bids should be declared. We saw no other major corporate events this time. NIS was the second most traded name, while this should be the first company to report 3Q/9M numbers.
From the macro side, we had a statement from IMF, which says, Serbia's economic performance remains robust and unemployment has fallen to record-low levels, with 3.5% and 4% growth projected for 2019 and 2020, respectively. The mission agreed with the authorities on the key parameters of the 2020 budget, targeting an overall fiscal deficit of 0.5% of GDP.