NIS shares lost 11.3 percent in value this year

The shares of the Petroleum Industry of Serbia (NIS), the largest company on the Belgrade Stock Exchange, have lost 11.33 percent in value since the beginning of this year with low demand being the main reason for this fall, the broker company Sinteza announced today.
Analysts from this broker company say that the main reasons for investors' reservedness include oil price decrease globally, escalation of conflicts between Russia and the EU, and uncertainty of debt collection from state-owned companies that owe a total of 450 million euro.
NIS share price has been dropping gradually from the level of RSD 900 in early October 2014 to RSD 680 in January 2015, thus hitting a record low in the past two years.
Sinteza notes that due to large oil production and stocks in the USA, which are at their record high in the last 80 years, oil price in global markets has fallen from USD 100 per barrel six months ago to yesterday's 47.3 US dollars per barrel, down 52.7 percent.
The market value of NIS is currently at RSD 112 billion or EUR 915 million.

NIS a.d. Novi Sad

Beogradska berza a.d. Beograd

NIS

NIS shares

oil price

NIS share price

Petroleum Industry of Serbia