Weekly overview 19.08.-23.08.2019
Objavljeno: 26. 08. 2019

BELEX indices were not much correlated with global counterparts over the last several weeks. The last weekly session was ended with 0.86% gain for both BELEX15 and BELEXline. Blue-chip BELEX15 was led by new advance at Komercijana Banka. The stock gained 7.3% w/w.

 

Major corporate event was probably related to 6M19 report form Metalac. The company reported consolidated sales growth of 6%, while net profit was down for the same percentage. Overall, the report showed what the company mainly planned for this year – low single digit growth in sales and perhaps slightly higher net profit. The stock was down 2.1% w/w.

 

From the macro side, we had NBS July inflation survey. According to this, one-year and two-year ahead inflation expectations of the financial and corporate sectors continued to move within the target tolerance band (3±1.5%). For one year period it is 2.5%, while for two years period the range is at 2.5-2.8%.