Turnover on the Montenegro Stock Exchange fell 54.52% from September to 587,911.90 euros in October, while total equity market capitalisation stood at 1.903 billion euros. The exchange’s monthly bulletin showed turnover was 49.74% higher than in October a year earlier, even as the number of transactions fell by more than a third.
Trading took place over 22 days in October, with 87 transactions completed, compared with 133 deals over 23 trading days in the same month a year earlier. That represented a 34.6% annual decline in the number of transactions, despite the rise in total turnover.
Average daily turnover was 26,723 euros, up from 17,071 euros in October 2025. The bulletin’s figures show that the higher annual value of trading was recorded through fewer completed transactions, with individual deals accounting for a substantial share of activity.
The Free Market recorded the highest turnover by segment, with 288,745.77 euros across 53 transactions. The MTP ME market generated 273,364.48 euros through 10 transactions, while the Prime and Standard markets together recorded 25,801.65 euros.
On the Prime Market, shares in Montenegro Electricity Transmission System (CGES) accounted for 15,203 euros, or 68.33% of segment turnover. Crnogorski Telekom shares generated 6,392 euros, equal to 28.73% of the segment, while Zetatrans shares recorded 654 euros.
Trading on the Standard Market involved only shares in Marina Bar, with turnover of 3,552 euros. On the Free Market, the largest single-company total was 142,260 euros in shares of Construction Supervision and Laboratory Testing AD Podgorica, recorded in one transaction. Those shares made up about 49% of Free Market turnover.
Other active shares on the Free Market included Mehanizacija i programat of Nikšić, with turnover of 50,252 euros, and Jugopetrol, with 46,092 euros. Shares in 13. jul – Plantaže generated 24,869 euros, while shares in the Electric Power Company of Montenegro recorded 9,725 euros.
Indices rise year on year
The MNSE10 index, which tracks shares in 10 companies, ended October at 1,247.90 points, up 0.82% from the end of September and 5.86% higher year on year. It reached its monthly peak of 1,258.77 points on 28 October.
The MONEX index closed the month at 18,856.75 points, down 0.05% from September but 3.78% above its level in October a year earlier. MONEX reached its October high of 18,939.26 points on 5 October.
Regulated-market capitalisation remains lower year on year
Total capitalisation of shares listed on the exchange, including the regulated and MTP ME markets, was 1.903 billion euros at the end of October. Capitalisation of companies on the regulated market reached 1.387 billion euros, up from 1.369 billion euros at the end of September, an increase of about 17.5 million euros during the month.
Despite that monthly rise, regulated-market capitalisation was 18.98% lower than in October a year earlier, a decline of almost 325 million euros. Among companies included in the MNSE10, the Electric Power Company of Montenegro had the highest market capitalisation at 602.52 million euros, followed by CGES at 160.79 million euros and Crnogorski Telekom at 114.18 million euros.
