Podgorica – On Montenegrin stock markets this week about 9, 4 millions of euros of turnover was made, almost twice as much then the year before, with the growth of almost all stock shares. Positive trends have been in effect since the beginning of the year on the stock market, in comparison to the end of the year 2006 when the majority of stock shares was falling.
The week was marked by the trade of the stocks of the Industry of aluminum which went up for almost 30%, on about 12 euros. On stock shares of IA around 880.000 euros was spent.
However, the greatest deals of this week on the stock market, including the turnover, were made by the sale of the stock shares of the Republic Bureau for urbanism and projecting and by the sale of Bar Harbor. Around 75% of the Bureau was sold to Aco Djukanovic on an auction for about 2, 7 millions of euros. The payment will be carried out in the bonds of the old foreign currency savings, with which the amount of the transaction is decreased for about 30%. About 1, 2% of the stock shares of Bar Harbor were also sold for about 1, 47 millions of euros. Of that, 0,9% of the stock shares from the portfolio of HLT fund were bought by the Croatian investors and at somewhat lower price than the real market price is (2,35).
This week investors significantly have been purchasing the stock market of private funds for which they have singled out around 630.000€. The prices of bonds of all private funds went up, especially of MIG, 11%, on about 899€. Atlasmont costs 775€. Eurofond surpassed 1.000€, Moneta 780€, and Trend was about 1.100€. Around 615.000€ was spent on the bonds, of which majority were emitted by the Municipality Rozaje. The price of the bonds of the old foreign currency savings remained, approximately, on the same level as they were last week, and they fluctuated between 0, 60 and 0, 95 euros. Other valuable papers were traded in somewhat lower degree, but their prices also went up.
The stock shares of Telekom surpassed 6€, Electrical company surpassed 5€, and Budva and Ulcinj Riviera stock shares are now about 20€. Jugopetrol increased on approximately 14,7€, Railway on 2, 91€, Bauxite mines on 5, 54€, Forge on 5, 57€, Salt industry on 3, 92€, Adriatic shipbuilding industry on 10, 5€, Institute “Simo Milosevic” on 146, 7€, Trebjesa 79€, Pobjeda 2, 5€, Coal mine 4, 85€, Korali 5, 9€, Plantaze 1, 32€, Jadran Perast 5€, Bjelasica Rada 11, 5€, Lutrija 1, 98€, Tobacco Industry 97, 1€, Zetatrans 1, 15€.
Among the most liquid papers only Crnagoraput dropped on about 5€ per stock share.
The president of the board of directors of Montenegro stock market, Maja Bacovic, this year is expecting the continuation of the growth of the scope of turnover on the capital market. She said that that trend, first of all, will be the consequence of the income of foreign capital (money) through investment, and domestic capital through pension funds.
– Continuous fall of the interest rates make the investments on the stock market of capital additionally interesting for all the participants, which as far as macro economic indicators, I think that the rate of the real growth of gross of domestic product will surpass 5%, above all because of the growth in the sector of the refining industry, construction and services – in traffic, tourism and merchandising – marked Bacovic for Montenegro economist magazine.
According to her words, positive movements in the economy of Montenegro became visible after the independence referendum.
– That, above all, is seen through the investments on the market of capital, through the growth of the direct foreign investments, and constants decrease of unemployment and the fall of interest rates – she reminded.
Z.V.
