Belgrade Stock Exchange recovers

The Belgrade Stock Exchange (BSE) indexes have reported weekly gains in the period March 16-20. Belex15 went up 10.5 percent, while benchmark BELEXline's result was an increase of 3.37 percent. Belgrade Stock Exchange recovers This made the BSE one of only a handful of stock markets that avoided ending the week in the red, although the overall six-day rise ended on the last day of trading on Friday when Belex15 lost some two percent. However, the fact that the weekly turnover was a modest RSD 415mn, with foreign investors' activities amounting to 32 percent, mostly in sales transactions, shows that true recovery is still a long way away. Energoprojekt Holding was the week's big winner, with the company's stock gaining 35.24 percent in value. AIK Bank, Agrobanka followed with 27.61 and 22.54 percent respectively. Jubmes Bank's stock lost 22.72 percent, making it the market's biggest loser.

Belgrade Stock Exchange recovers

This made the BSE one of only a handful of stock markets that avoided ending the week in the red, although the overall six-day rise ended on the last day of trading on Friday when Belex15 lost some two percent.

However, the fact that the weekly turnover was a modest RSD 415mn, with foreign investors' activities amounting to 32 percent, mostly in sales transactions, shows that true recovery is still a long way away.

Energoprojekt Holding was the week's big winner, with the company's stock gaining 35.24 percent in value. AIK Bank, Agrobanka followed with 27.61 and 22.54 percent respectively.

Jubmes Bank's stock lost 22.72 percent, making it the market's biggest loser.