A slight drop in indices and turnover marked the week in which the new Montenegrin Government of Prime Minister Milojko Spajić was elected on the Montenegro Stock Exchange.
The value indicator of the ten best companies MNSE10 decreased slightly to 1.052,22 points, and MONEX slightly to 15.521,66 points.
The turnover amounted to 223,01 thousand euros and was 32 percent less than last week.
Early in the morning on Tuesday, after a session that lasted all night, the Assembly elected the Government, which was supported by 46 deputies.
At the first conference after the constitutive session of the Government, Spajić said that there are 143 million euros in the state treasury, some of which have been spent inappropriately.
"I don't know how they spent from economic citizenship, let's say, it was about 50 or something million. 30-40 million euros were spent on current consumption. We will have to examine all that, because money from economic citizenship cannot be spent on current consumption," said Spajić.
He stated that this money must be spent exclusively for municipalities in the north, or underdeveloped municipalities, where investments are made in capital projects.
"Besides the debt of 100 million euros, there are still 18 million euros and 22 million euros left. That will evaporate by the end of the year," Spajić said.
This week, the shares of the Institute for Ferrous Metallurgy (ICM) grew by 31,4 percent to 92 cents, the Morač Business and Logistics Center by 23,5 percent to five euros, and the "Simo Milošević" Institute by 8,6 percent to 23 euros.
Shares of the Montenegrin Electric Transmission System (CGES) remained at last week's 1,29 euros. Representatives of CGES and the Electric Grid of Serbia (EMS) signed a cooperation agreement that will enable the successful realization of the set goals in connection with the construction of the interconnecting 400 kilovolt line Pljevlja - Bajina Bašta - Višegrad, a project within the ongoing Trans-Balkan Corridor.
The goal, as explained by CGES, is to improve the conditions of electricity transmission between the northern and southern parts of the region and thus enable further integration of the electricity market, as one of the priorities of the European energy policy.
The signatories of the agreement, executive directors of CGES and EMS, Ivan Asanović and Jelena Matejić, assessed that this act will contribute to the improvement and strengthening of mutual cooperation between the two companies within their jurisdictions and in accordance with the legislation and international agreement of their countries, in order to ensure coordination activities that should enable the realization of the new electrical interconnection project between Serbia and Montenegro.
Hipotekarna banka's shares fell 9,7 percent to 5,5 euros, Port of Adria fell 3,9 percent to 25 cents, and Jugopetrol's fell by a slight 12 euros.
The share of Elektroprivreda (EPCG) remained at last week's 5,51 euros. Its director, Nikola Rovčanin, announced that the company will try not to raise the price of electricity for citizens.
He, appearing as a guest on Colors of the Morning on Television Vijesti, said that the prices were not increased even in those times when there was an energy crisis and when electricity was imported.
"In the end, we will see the determination of all the structures that participate in the account and a certain formula will be reached," Rovčanin said.
The share of Crnogorski Telekom remained at 1,8 euros. In the first nine months of this year, that company recorded higher revenues and profitability, as well as an increase in the number of users of all services, the company announced.
Telekom recorded the greatest growth in the prepaid segment, followed by the growth of the user base in postpaid, mobile internet, and the segment of fixed internet and television services.
In addition, Telekom has maintained its position as the market leader in postpaid and mobile internet.
The week was marked by the news that the average salary without taxes and contributions in September, according to Monstat data, amounted to 800 euros and was 0,1 percent higher than in August.
The average net salary in September, compared to the same month last year, increased by 11,4 percent.
The average gross salary in September was 998 euros.
Total turnover on the Montenegro Stock Exchange in October amounted to 1,06 million euros and was 21,18 percent higher than in September.
"Compared to October last year, turnover is 12,08 percent lower. The average daily turnover in the last month was 48,1 thousand euros", it is stated in the Bulletin of the Montenegro Stock Exchange.
In October, there were 22 trading days, and 113 transactions were concluded.
The total turnover in October on the prime market amounted to 338,4 thousand euros, and 27 transactions were concluded.
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