Daily Report 10.05.2019
Objavljeno: 10. 05. 2019


State sells its share in Jubmes Banka to Alta Pay Group at the stock exchange
The Republic of Serbia officially has no stake in Jubmes Banka as of today, May 9, 2019, as the transaction whereby the state's shares were transferred to the buyer was realized at the Belgrade Stock Exchange today. As the Ministry of Finance announced, two offers were sent during the tendering procedure for the sale of Jubmes Banka Beograd, one of which met all the requirements, the offer made by ALTA PAY GROUP d.o.o. The offered price is RSD 7,207 per share, for 82,225 regular shares (28.51% of the capital), amounting to RSD 592,595,575, or EUR 5,023,754.71 as per the National Bank of Serbia's middle exchange rate on the date of the submission of the bid.
Source: Ekapija

Serbia's c-bank keeps key rate unchanged at 3.0%
Serbia's central bank, NBS, said on Thursday it is keeping unchanged its key policy rate at 3.0% due to stable inflationary expectations. The executive board of NBS continues to expect inflation to remain within its target band of 1.5% to 4.5% in the coming period, the central bank said in a statement. "Inflation has been moving in line with the executive board’s expectations – it has been low and stable for the sixth year in a row, measuring 2.8% y-o-y in March”, the report says.
Source: SeeNews

15 state-owned companies to be sold by end of year
Tenders to privatize 15 out of 85 companies in the competence of the Serbian Ministry of Economy can be expected by the end of the year. Dragan Stevanovic, state secretary at the ministry, told this to Tanjug on Thursday. Tenders for MSK Kikinda, HIP Petrohemija, JAT Tehnika and JAT Apartmani are the most likely to happen, but tenders for Krusik Plastika and around a dozen other enterprises are also possible and some of the companies might get new owners in 2019, he said. "Launching tenders for a part of the remaining 70 companies this year is not impossible either," Stevanovic said, adding that this group of companies also included spas.
Source: b92


Dow falls 140 points, S&P drops for a fourth day as new China tariffs set to kick in at midnight, European markets slide as trade fears mount, autos down more than 3%
Stocks fell on Thursday, resuming a deep sell-off this week, after President Donald Trump said China "broke the deal" at a rally Wednesday evening, fueling worries the U.S. and China will be unable to hatch a trade agreement before new tariffs go into effect at midnight. The Dow Jones Industrial Average was down about 140 points on Thursday, while the S&P 500 dropped 0.3% and the Nasdaq Composite lost 0.41%. The Dow is down more than 700 points and the S&P 500 has lost about 3% this week after Trump threatened to raise tariffs on more Chinese goods over the weekend.
Shares of Intel fell nearly 5.3% on Thursday after sinking nearly 5% in the previous session as the chipmaker said it sees both revenue and earnings per share growing in the "single digit" percentage range over the next three years.
Chevron's stock rose more than 3%, helping support the Dow, after the company said it will not submit a new offer to acquire Anadarko Petroleum and will collect a $1 billion breakup fee. The oil major also said it's increasing share repurchase rate by 25 percent to $5 billion per year.
European stocks traded lower on Thursday, as trade tensions between the U.S. and China ratcheted up. The pan-European STOXX 600 was down more than 1.7% during afternoon deals. All sectors and major bourses were in negative territory, with the French CAC index edging toward a 2% loss.
Italy's Banco Bpm saw shares slide by 7% after the lender reported on Wednesday that its total revenue fell 8.9% in the first quarter.
Britain's BT Group reported full year results, with revenues of £23.4 billion down 1% and profits before taxes rising by 2% to £2.67 billion. The company's shares traded around 4% lower during the afternoon session.
Elsewhere, German broadcaster ProSieben surged to the top of the European benchmark. Shares gained almost 5% after the company set a June launch date for its streaming service, "Joyn."
Source: CNBC