The decline of the index and modest turnover marked a week on the Montenegro Stock Exchange in which there were no significant economic events.
The value indicator of the ten best companies MNSE10 weakened by 1.8 percent to 1,019.12 points, and MONEX by 1.3 percent to 15,002 points.
The turnover amounted to EUR 286.78 thousand and was 6.6 times higher than last week.
The Montenegrin Electric Transmission System (CGES) lost ten percent to 1.17 EUR, Elektroprivreda 3.8 percent to 5.1, Hotelska Grupa (HG) Budvanska Riviera 2.8 percent to seven and Jugopetrol 1.8 percent to 12.27 EUR
EPCG announced that the Perućica hydropower plant is ready to start production, according to plan, after overhaul works, but it was decided to meet the request of the Montenegrin Littoral Regional Water Supply and postpone the start of production to September 15th.
The shares of Nikšić Department Store rose by 20 percent to EUR 1.2, Crnogorski Telekom by 2.3 percent to EUR 1.79, and Luka Bar by 1.7 percent to 50.83 cents.
Last week’s share price was maintained by the Kotor company Jadran Riba at EUR 13.03, Business and Logistics Center Morača at EUR 4, Institute “Simo Milošević” at EUR 21.17 and Port of Adria at EUR 22 cents.
The government proposed this week that the Institute’s debt to Jugobanka Beograd in bankruptcy be reduced by the amount owed by the state of Serbia based on old foreign currency savings.
They also discussed the possibility of long-term cooperation between the Simo Milošević Institute and the Republic Health Insurance Fund of Serbia in terms of the use of the Institute’s services by health insured persons from that country, bearing in mind the experience of cooperation from the previous period.
This week, the Ministry of Finance announced that the state budget surplus in the first eight months was 196 million EUR or 3.2 percent of gross domestic product (GDP).
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