Analysis of trading on Belgrade Stock Exchange - October 29-November 2, 2007

Mild growth of daily turnover colored the events on Belgrade STock Exhange this week. On Tuesday, October 30, daily turnover exceeded 8.5m EUR, which is the real rarity on the stock exchange lately. Negative trend of stock exchange indices was resumed, although the daily falls were much smaller than in the previous period. Belex 15 registered weekly decrease of 7.52%, while the correction of Belex line amounted to 5.28%. Participation of foreign investors was about 47%, which is a small growth in comparison with the last week.

The most traded were the stocks of AIK banka. With the weekly fall in price by nearly 7%, the number of traded stocks on Thursday, November 1, reached 18,930.

Pleasant surprise on the Belgrade Stock Exchange was prepared by Kopaonik Beograd when it achieved weekly increase in price by nearly 30%. In the middle of this week, stocks of Kopaonik were in the group of the most traded stocks with daily turnover amounting to 6,843 stocks.

Although it joined the group of the most elite securities on the stock exchange, Sojaprotein was not so shiny in the past period. With the weekly price decrease of nearly 9%, the volume of traded stocks was exceptionally modest.

The things were also not good for Tigar whose additional capitalization is underway. Stockholders are offered to use their priority in purchase and to buy stocks at price of 2,000 RSD, although the price on the stock exchange this week amounted to about 1,960 RSD and it did not reach the amount of the privileged price at any moment.

On the other hand, the first member of List A, Energoprojekt holding, joined the list of the stocks with the largest turnover this week. The company announced that it successfull completed construction of sports center in Igalo worth 8.5m EUR.

Author : Tijana Cvetković, Financial Analyst

Ilirika Investments, a.d., Beograd

[email protected]

Supervisory Organ: Securities Commission, Belgrade