Podgorica – On Montenegrin stock markets this week 15, 8 millions of euros of turnover has been made, with a mild decrease and stagnation of the stocks of the companies and funds. The exception were the stocks of Zeljezara (IRON FACTORY) which went up for 80%, to 11,8 euros, of Crnagoraput for about 30% to 7, 4 euros, and of Institute Simo Milosevic for 10%, to 194 euros.
By the scope of turnover most valuable was additional capitalization of Atlasmont bank of three millions of euros. In the stocks of Elektroprivreda (ELECTRICAL COMPANY) this week 2, 39 millions of euros have been invested at prices of 6,85 to 7,99 euros. The stocks of KAP (IA) dropped for 5% to an average of 24, 46 euros, and 1, 74 millions of euros were invested in them. On the stocks of Telekom 1, 77 millions were spent, and they were bought at price of 6 to 6, 29 euros. Market hit were the stocks of Crangoraput in which 290.400 euros were invested. They were bought at a record price of 7, 62 euros. In the stocks of Institute “Simo Milosevic” 290.000 euros were invested, at prices of 175 to 199, 9 euros.
Broker in the just founded broker house Senzal, Mladen Boskovic says that the previous working week was characterized by stagnation or a mild drop of majority of stocks.
– The exception was Zeljezara whose stocks from Monday to Friday went up for about 80%. Mild drop of stocks is a completely usual phenomenon in the market, after a great growth, which lasted for two months – he said.
Boskovic said “Montenegrin market of capital funds is pretty shallow so when the big investors step back, small investors can hardly retain the growing trend on the market and retain the already existing high level of prices”.
In a long term, according to his estimate, the growing trend will be retained considering the real underestimation of some of the securities.
– But, there arouses a question when is the right time for purchase of the stocks. Is it when they are growing and there is a chance to have a short term smaller profit, but with a bigger risk, or when the prices are pretty low so there opens a possibility of great profit in somewhat long term period. The response is up to every investor, but it is good to have in mind one thing – the more the stock is up,, the lower is the space for potential profit –said Boskovic.
According to his words, the time has passed when with investment in any of the stocks you couldn’t make a mistake.
– Today the things are different. The market has grown significantly, so it is good to be careful – concluded Boskovic.
The prices of the stocks of private funds have been stagnating.