NEX Montenegro revises weights of listed companies in main indices.

By bne IntelliNews June 24, 2010
One of the two stock exchanges operating in the country, NEX Montenegro, announced it had revised the weights of the companies forming its main indices, NEX 20 and NEX PIF. The bourse stated that the regular revision was conducted in line with the criteria, which were set upon the establishment of the indices. The new weights of the companies, included in NEX 20 and NEX PIF, reflect the market capitalisations and realised turnovers with shares of the companies in the past 12 months. The landline monopolist Crnogorski Telekom and power utility Elektroprivreda Crne Gore (EPCG) retained their presence in NEX 20 to the maximum 20%. Electricity distributor Prenos and commercial bank Atlasmont increased their shares in the index to 14.29% and 13.12% (from previous 10.88% and 10.34%), respectively. Apart from the mentioned companies, NEX 20 also includes oil company Jugopetrol (5.22%), cargo company Kontejnerski terminal i generalni tereti (5.09%), brewery Trebjesa (3.64%), tourist company Budvanska Rivijera (3.31%), Solana Bajo Sekulic (2.75%), Otrantkomerc (2.09), Izbor (2.02% weight), rehabilitation centre Simo Milosevic (1.82%), tourist companies HTP Ulcinjska Rivijera (1.67%), Mimoza (1.17%) and Boka (1.16%), while steel maker Niksic Steelworks, tobacco producer DKP, Montenegroexpress, Zavod za Izgradnju and retailer Napredak have each under 1% weight in the index.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss