Sveti Stefan Hoteli tops Montenegro’s top winners in November

PODGORICA (Montenegro), December 1 (SeeNews) – Montenegrin hotel operator Sveti Stefan Hoteli [MNG:SSHO] dominated blue chip winners on the Montenegrin stock exchange in November, as stock indexes ended lower, according to exchange data.

The Montenegrin Stock Exchange’s premier index, MNSE10, closed down 1.75% in November at 763.59 points.

The MONEX benchmark, which tracks the 20 most representative stocks on the Montenegro Stock Exchange, fell 6.06% in November and closed at 10,563.62 points.

A total of 3,280 Sveti Stefan Hoteli shares changed hands for a turnover of 9,911 euros in November. Sveti Stefan Hoteli gained 3.33% to 3.0216 euros.

Crnogorski Telekom [MNG:TECG] punctuated the first-rate declines in November, with its share price falling 2.90% over the month to 1.1465 euros. In total, 35,390 shares of the company changed hands, generating a turnover of 40,574 euros.

The exchange’s total turnover rose in November to 5.891 million euros (6.669 million euros) from 5.814 euros a month earlier.

A total of 124 deals were completed on the Podgorica Stock Exchange in November, up from 118 in October. Market capitalization stood at 3.136 billion euros at the end of November, up from 3.207 billion euros a month earlier.

($ = 0.85873 euro)

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