In September, the Belgrade Stock Exchange observed an average daily turnover of EUR 0.138 m (+20.6% YoY).

The Belgrade Stock Exchange reported a turnover of EUR 2.8m in September 2019 (when observing solely equity), which represents an increase of 26.6% YoY. This would translate to an average daily turnover of EUR 0.138m (+20.6% YoY).

In September, the most traded share (excluding block transactions) was Komercijalna Banka (EUR 1.13m), whose share price recorded an increase of 3.81%. 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 second most traded share was NIS (EUR 0.36m), whose share price observed a slight decrease of 0.59%. Galenika Fitofarmacija follows with a turnover of EUR 0.18m.

When observing gainers of the BELEX 15 index, Jedinstvo recorded the highest increase of 10.35%. Next come Galenika Fitofarmacija and Komercijalna banka, whose share price increased by 8.77% and 3.81%, respectively.

On the flip side, Sojaprotein recorded the largest decrease of 10.56%. As a reminder, in September, Sojaprotein held an Extraordinary Shareholder Meeting, in which the majority shareholder, Victoria Group, approved the squeeze-out of the minority shareholders.

Turning our attention to BELEX15, the index observed an increase of 0.81% (751.08 points), which is the fourth time this year that the index ends the month in green.