The past week on the Montenegro Stock Exchange was marked by diverging index trends and reduced trading volume, coinciding with parliamentary debates over the government’s recently signed agreements with the United Arab Emirates (UAE), according to Mina Business Agency.
The MNSE10 index, which tracks the performance of the ten most prominent companies on the exchange, edged up slightly to 1,183.76 points. In contrast, the broader MONEX index dipped marginally to 17,590.89 points.
Trading volume for the week reached €74,570 — nearly 35% lower than the previous week. The decline is partly attributed to a shortened trading schedule due to Easter holidays.
Among the major movers, shares of Port of Adria fell by 3.6% to €0.27, while Luka Bar dropped slightly to €0.33. On the other hand, Solana Ulcinj saw a 1.5% increase to €1.32, and Crnogorski Telekom rose 2.1% to €2.40. Montenegro’s Electricity Transmission System (CGES) remained unchanged at €1.20.
In government news, the Cabinet on Thursday approved an extension allowing National Parks of Montenegro (NPCG) to continue managing the bankrupt Solana saltworks for another six months. NPCG has overseen Solana since mid-2015. The previous lease expired on February 7.
Other stocks traded this week included Institute “Simo Milošević” (€58), Electric Power Company of Montenegro (EPCG) (€5.40), and Budva Riviera (€7.26). Additional trades included Hipotekarna Banka (€9.55), Vinopromet (€10.40), Business Logistics Center Morača (€4.50), and Vektra Boka (€0.20).
