Index growth and modest turnover marked the week at the Montenegro Stock Exchange, in which the continuation of the Stop Inflation campaign was announced with reduced prices for over 100 items, including not only food, but also consumer goods.
The value indicator of the ten best companies MNSE10 strengthened by 1.4 percent to 1,034.57 points, and MONEX by about one percent to 15,102.26 points.
The turnover amounted to EUR 274.55 thousand and was 1.7 times lower than last week.
The Stop Inflation 100+ campaign starts on Monday, and according to the Minister of Economic Development and Tourism, Goran Đurović, all large traders, importers and suppliers responded, voluntarily giving up part of their margins.
Also, the Minister of Finance, Aleksandar Damjanović, announced at the conference that the Government will limit the amount of excise duty on fuel, in order to prevent any new price increase and thereby protect citizens and the economy.
“If the prices of oil derivatives on the international stock exchanges continue to rise, the Government will reduce excise taxes by that amount before each adjustment, however long this situation lasts,” said Damjanović.
This week, the share of Hidroterm increased by 91 percent to EUR 21.
Shares of First bank rose 7.9 percent to 20.5 EUR, Crnogorski Telekom 4.7 percent to 1.79, Energy company three percent to five and Jugopetrol 1.6 percent to 12.4 EUR.
Last week’s share price was maintained by Hotelska grupa Budvanska riviera at EUR 7, Business and Logistics Center Morača at EUR 4 and Sveti Stefan hotels Budva at EUR 3.91.
