In October, the Belgrade Stock Exchange observed an average daily turnover of EUR 0.3m (+18.7% YoY).

The Belgrade Stock Exchange reported a turnover of EUR 6.89m in October 2019 (when observing solely equity), which represents an increase of 18.7% YoY. This would translate to an average daily turnover of EUR 0.3m (+18.7% YoY).

In October, the most traded share (excluding block transactions) were two banks – Komercijalna Banka and Jumbes banka, with a turnover of EUR 1.51m and EUR 0.97m, respectively. NIS follows with a turnover of EUR 0.54m. VP Dunav comes next with EUR 0.18m.

When observing gainers of the BELEX 15 index, AERO recorded the highest increase of 3.84%, followed by Messer Tehnogas with a 2.42% increase.

On the flip side, Komercijalna Banka recorded the sharp decrease of 11.54%. As a reminder, in September, Komercijalna Banka received 4 non-binding bids regarding its privatization. According to the Serbian media, NLB gave the best bid among 3 other banks for the sale of Komercijalna Banka. Allegedly, NLB offered EUR 450m for 83.2% of the total shares, which are owned by the Republic of Serbia. The binding bids should be received by early December.

Turning our attention to BELEX15, the index observed a slight decrease of 0.16%, ending at 749.88 points. Note that this is the sixth time this year that the index ends the month in red.