Podgorica – In the week of the historical gains on domestic market of capital funds, a turnover of 38, 85 millions of euros was made, with dozens of price records. Unusually high growth of prices of private funds, in which during the mass stock bond privatization the greatest number of citizens invested their stock bonds, contributed to the increase of the euphoria and not ordinary crowds in broker houses.
Two main events were the trade of the stocks of Montenegrin Telekom for 13, 74 millions of euros and the growth of the value of stocks of Electrical company of Montenegro which were more than 10 euros.
The trade of stocks of Telekom and the growth of average value for 9,4 % to 6, 97 euros was stirred by the sale of the package of about 5% of the American fund QVT, for about 11 millions of euros.
– The growth of almost all stocks on Montenegrin stock markets continued. The greatest daily turnover was also noted, mostly thanks to the trading of the stocks of Telekom. After the trade of the stocks of hotel – tourist enterprises and enterprises in attractive locations, the interest of the investors went towards the stocks of Bar Harbor, IA, Electrical company, Telekom, and Plantaze. The stocks of the above-mentioned enterprises were traded at maximal prices, which implies the further growth – said Nada Djurovic, the director of PG broker, for “Vijesti” commenting in the record week.
She added that significant growth has the prices of stocks of investment funds.
– Investors should take care in which securities they invest their money, because a lot of securities which have a small demand, and which are not easy to sell are being traded – advises Djurovic.
3, 6millions of euors have been invested in the stocks of Electrical company, 3, 36 millions in the stocks of Bar Harbor, 2, 2 millions in the stocks of Industry of Aluminum, 1, 25 millions in the stocks of Nikisc Iron factory, 1million in the stocks of Plantaze, 905.000 in the stocks of Jugopetrol, 678.000 in the stocks of Railway company of Montenegro, 665.000 in the stocks of Izbor Bar, 645.000 in the stocks of Napredak from Kotor, 356.000 in the stocks of HTE Budva Riviera, 320.000 in the stocks of HTE Boka, and 389.000 in the stocks of HTE Ulcinj Riviera. From portfolio state funds the Bureau for employment has sold 2, 7% of the stocks of Jugoooceanija from Kotor for 66.000 euros.
For only four working days (in Monday the stock market didn’t work because of the Easter holidays) the value of the stocks of Napredak from Kotor was more than doubled on about 25 cents, the stocks of Electrical company of Montenegro went up for 36% to 10, 7 euros, of Niksic Iron factory for 20% to an average of 24,4 euros, of Tobacco industry for 14, 2% to 3, 28 euros, of Bar Harbor for 14% to 4, 25 euros, IA for 13% to 27, 32 euros, and of Jugopetrol for 100,2% to25, 1 euro.
Rare loses among solvent securities were noted on the stocks of UTIP Montenegro, Adriatic shipbuilding yard and Ulcinj Riviera which fell for 9,9%, 3,2% and 3,3% to 2, 31, 25, 62, and 75, 16 euros.
In the stocks of the investment funds 5, 3 millions of euros have been invested and the stockholders have noted, so far, the record capital profit.
The stocks of Atlas Mont have went up for 33%, of Eurofond for 29%, of HLT for 6,4%, of MIG for 24,8%, of Moneta for 27,7% and of Trend, for 19,5%.
The stock bond invested in Atlas Mont fund can be cashed at prices in the interval of 1.275.5 to 1.795 euros, of Eurofond from 1.600 to 2.189 euros, of HLT from 726 to 850, of MIG from 1.400 to 1.850 euros, of Moneta from 1.006 to 1.495 euros, and of Trend from 1.925 to 2.500 euros.
The trade of the stock bonds of the Fund for compensation of the former owners has been stooped during the previous week because the legal deadline of their validity has expired. Only during the up coming amendment of the Law on retrieving of expropriated property rights and compensation in the Parliament of Montenegro the conditions for new emission and trade with these securities on the market will be made.
M.M. – D.M.C.