Daily Report 15.05.2018
Datum objave: 15.05.2018
NBS: Annual inflation in April at only 1.1%
According to data of the Serbian Statistical Office, April saw a 0.4% rise in consumer prices. Monthly inflation was almost fully driven by rising prices of fresh vegetables, clothes and footwear and petroleum products. Annual inflation remained on a downward path, in line with the NBS expectations, at 1.1% in April. Annual core inflation (CPI excluding the prices of food, energy, alcohol and cigarettes) remained low and stable at 0.8% in April, the same as in the month before.
MTLC: Metalac reported non-consolidated numbers for 1Q18 – cookware unit posted 7.7% higher sales, export into Russia down
Metalac (MTLC) reported only non-consolidated numbers for 1Q18 as usual. Apart from this the company also reported some numbers for dependent units. Major production unit, Cookware, posted 7.7% higher sales and 5.4% higher gross profit. On the other side, export into Russia, performed over the daughter unit called Metrot is down 15% y/y, probably due to unfavorable FX rate.
Source: Belex, Ilirika
Public debt of Serbia at 59% of GDP at end-March
The public debt of Serbia amounted to around EUR 23.72 billion at the end of March 2018, amounting to 59% of the gross domestic product (GDP), as announced by the Ministry of Finance. At the end of February, the public debt amounted to EUR 23.34 billion, making up 57.9% of the GDP. The public debt of Serbia was EUR 23.22 billion, that is, 61.5% of the GDP, at the end of 2017.
SBITOP started the week with 0.53%
SBITOP index started the week with 0.535 advance. All traded names from first quotation were in green or flat. Daily gainer is Luka Koper with 2.63% jump, while Telekom Slovenije was a top traded name, with 587ths EUR in volume.
Source: LJSE, Ilirika
Stocks rise as US-China trade concerns abate, Europe shares close mixed
Stocks traded higher on Monday amid hopes of a potential breakthrough in trade tensions between the U.S. and China, the world's two largest economies. Dow gained 0.29%, while S&P500 was up small 0.09%. Nasdaq was up 0.11%.
In corporate news Monday, Xerox fell more than 5.5 percent after the company abandoned a $6.1 billion deal with Japanese firm Fujifilm as part of a settlement between Carl Icahn and Darwin Deason.
European stocks closed mixed Monday afternoon as investors focused on Italian politics, trade relations between the U.S. and China, and a dip in oil prices. The pan-European Stoxx 600 closed down 0.05 percent. While major bourses and most sectors were in the red, strong performances from the health care and travel sectors boosted the broader index.
In corporate news, the Portuguese energy firm EDP rose 9 percent by the end of Monday's trade after the Chinese group Three Gorges presented a takeover bid.
ABN Amro fell to the bottom of the index, closing 6 percent lower as the Dutch bank's first-quarter profits took a hit from larger-than-expected loan impairments.
Source: CNBC, Ilirika
Dnevni izveštaj 25.05.2018
25.05.2018 | ENHL: Mali akcionari traže podelu 657 miliona dinara dobiti Energoprojektovih firmi Entel i Industrija; Srbija nastavlja obnovu puteva i unapređenje bezbednosti saobraćaja iz kredita EBRD-a - Raspisivanje nabavki tokom 2018. i 2019.; Srpski finansijski direktori sigurni u dobro poslovanje svojih kompanija; SBITOP u plusu za dodatnih 0,53%; Otkazivanje samita sa Severnom Korejom oborilo indekse i u SAD i u Evropi
Daily Report 25.05.2018
25.05.2018 | ENHL: Small shareholders asking for distribution of RSD 657 million of profit of Energoprojekt Entel and Industrija; Serbia continues rehabilitation of roads and enhancement of traffic safety from EBRD loan – Procurement procedures to take place in 2018 and 2019; Financial directors in Serbia confident about their companies doing good; SBITOP up additional 0.53%; Stocks close lower after President Trump cancels North Korea summit, European markets close lower
Dnevni izveštaj 24.05.2018
24.05.2018 | Brnabić najavila i tender za strateškog partnera za RTB; Udeo problematičnih kredita u odobrenim zajmovima - 9,2 odsto; Transportna zajednica Zapadnog Balkana počela rad - Autoput Niš-Priština jedan od prioriteta; SBITOP u plusu za 0,43%; Namera FED-a da dozvoli inflaciju iznad targeta, podigla indekse, Evropa u minusu zbog političke krize u Italiji
Daily Report 24.05.2018
24.05.2018 | Brnabic announces tender for strategic partner for RTB; Serbian banks' NPL ratio falls to 9.2% at end-March; Western Balkans Transport Community launched – Nis-Pristina highway among priorities; SBITOP up 0.43%; Stocks reverse losses, finish up after Fed minutes show willingness to let inflation run, European markets close lower amid Italian government uncertainty, trade jitters
Dnevni izveštaj 23.05.2018
23.05.2018 | MTLC: Konsolidovani neto profit Metalca za 2017. umanjen za 13%; AERO: Potpisan Sporazum o vazdušnom saobraćaju sa Kanadom; Azvirt i na obilaznici oko Beograda - Azerbejdžanski investitori zainteresovani za izgradnju luksuznih hotela u Srbiji; SBITOP korigovan za 0,11%; Dow izgubio skoro 200 poena nakon izjave Trampa da se samit sa Severnom Korejom verovatno neće održati, Evropa u plusu svođena rastom akcija proizvođač automobila
Daily Report 23.05.2018
23.05.2018 | MTLC: Metalac reported 13.1% drop in FY 2017 consolidated net profit, on appearance of financial loss; AERO: Agreement on Air Transport signed with Canada; Azvirt to work on bypass route around Belgrade – Azerbaijani investors interested in building luxury hotels in Serbia; SBITOP down 0.11%; Dow drops nearly 200 points after Trump says he's not satisfied with China trade talks, North Korea summit may not happen, Europe closes higher amid earnings, autos gain on China tariff cut, Altice rallies 19%
Dnevni izveštaj 22.05.2018
22.05.2018 | Izvesno poskupljenje goriva od oko 10 odsto; Počinje izgradnja gasovoda Niš-Sofija; MTLC: Metalac danas objavljuje konsolidovane podatke za 2017.; SBITOP dobio 0,19%; Ublaženi intenzitet trgovinskih tenzija SAD-Kina, pogurao Dow za 300 poena, Evropa u plusu iz istog razloga
Daily Report 22.05.2018
22.05.2018 | Price of fuel in Serbia to go up by max. 10%; Nis-Sofia gas pipeline "sooner than planned"; MTLC: Metalac to report consolidated numbers for 2017 today; SBITOP up 0.19%; Dow closes about 300 points higher as US-China trade war is placed 'on hold', Europe closes higher as trade war concerns ease, Italian stocks lower
Dnevni izveštaj 21.05.2018
21.05.2018 | NBS: Inflacija će ostati niska i stabilna, rast BDP-a oko 3,5%; IMF, Serbia agree on key elements of new programme; Kompanija Fintel uložiće još 300 miliona evra u vetroparkove u Srbiji; SBITOP korigovan za 0,3%; S&P500 i Nasdaq u crvenom, zbog i dalje prisutnih trgovinskih tenzija SAD-Kina, Evropa u minusu iz istog razloga
Daily Report 21.05.2018
21.05.2018 | Inflation low and stable, NBS says; MMF i Srbija se složili oko ključnih stavki novog aranžmana; Italy's Fintel Serbian unit to invest 300 mln euro in five years - CEO; SBITOP down 0.3%; S&P 500 and Nasdaq close lower as US-China trade tensions remain, European markets close lower amid US-China trade news, Glencore down 4.4%