BELEX indices were little changed on a weekly basis, since BELEX15 lost 0.16%, while BELEXline gained 0.18%. Trade volume was really miserable, while NIS was the most traded name, even though with only RSD 10m in volume. The company reported testing extraction at Romanian fields, which means that commercial production may start soon. At the same time, interest at Petrohemija’s privatization was reiterated but with no major plans before privatization model is revealed. The stock was down 1.46% w/w. No other events were seen.
From the macro side, Serbia's financial and corporate sectors expect inflation to stand within the 1.5%-4.5% target band in the short and medium term, the country's central bank, NBS, said on last Monday.