Belex15 down almost 3 percent

Both Belgrade Stock Exchange (BSE) indexes closed Monday with almost record losses.

Izvor: EM Online

Monday, 29.10.2007.

16:51

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Both Belgrade Stock Exchange (BSE) indexes closed Monday with almost record losses. Belex15 dropped 2.55 percent, while Belexline followed suit with 1.84 percent. SRX index lost more than three percent. Belex15 down almost 3 percent Food processing companies' stock pulled the market down the most, most notably cooking oil producer Sunce [SNCE], which lost no less than 16 percent to end the day with its shares worth RSD 24,000 a piece and a turnover of some RSD 1mn. Despite last week's BSE A Listing move for the Becej-based Sojaprotein, its stock lost more than 2 percent today, to close at RSD 10,889. Observers believe speculation about preparations for added capitalization are behind the fact that the company, although having good results and a sound business plan, continues to post stock market losses.

Belex15 down almost 3 percent

Food processing companies' stock pulled the market down the most, most notably cooking oil producer Sunce [SNCE], which lost no less than 16 percent to end the day with its shares worth RSD 24,000 a piece and a turnover of some RSD 1mn.

Despite last week's BSE A Listing move for the Bečej-based Sojaprotein, its stock lost more than 2 percent today, to close at RSD 10,889.

Observers believe speculation about preparations for added capitalization are behind the fact that the company, although having good results and a sound business plan, continues to post stock market losses.

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