Airport's shares dropped by 21%

Source: Sinteza Invest Group Friday, 11.02.2011. 12:10
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The shares of Belgrade-based Nikola Tesla Airport have dropped by 21% since they entered the stock exchange market four days ago, reaching the level of RSD 506 on Thursday.

The average daily turnover amounted to RSD 6.2 million, while the biggest buyers on the first day of trading, when turnover was the largest, were the custody accounts of Societe Generale and Hypo Bank. Other buyers were mainly small individual portfolio investors. After correction of the price of shares in the first four days of trading, Airport's market capitalization dropped to RSD 17.35 billion (EUR 167.6 million).

In 2009, Airport registered a business revenue of RSD 4.6 billion and a net profit of RSD 1.7 billion, while business results for the previous year are still unknown.
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