SBITOP lost 0.23% on Friday
SBITOP faced light 0.23% downwards correction on Friday, moving lower to 823.1pts. The most traded stock was pharmaceutical company Krka, with EUR 457ths in volume, while its stock price was down 0.7%. This was also among top daily losers, while Triglav was number one looser with 1.25% drop. Major gainers were Gorenje and Intereuropa with 1.38% and 0.51% jumps, respectively.
Wall Street on Friday in the green
On Friday, March 16, 2018, Wall Street ended up in green, as trade volumes on Friday reacted to the data on the highest consumer sentiment in the US over the past 14 years, since January 2004. On Friday, Dow Jones gained 73 points or 0 , 3 percent, thus ending the day at 24947 points. The S & P500 gained 5 points or 0.2 percent, ending the day at 2752 points. Throughout the week, the three major indices recorded losses, with Dow Jones falling by 1.5 percent; S & P 500 1.2 bounce; in Nasdaq 1.0 percent.
Surce: Ilirika, TA
Xi in Merkel for multilateral international trade
Chinese President Xi Jinping and German Chancellor Angela Merkel stressed the importance of close and multilateral cooperation in international trade on Saturday's telephone conversation, the Chancellor's office said.
MTLC: Metalac announced buyback intention
Kitchenware manufacturer Metalac (MTLC) reported that it will start own shares buyback operation, since the company’s management finds the current stock price does not correspond with its fair value. The company is about to inform buyback price and quantity in proper time. The stock price is down 6.8% since November 2017.
Source: Belex, Ilirika
Moody's says Serbia's credit profile balances diversified economy, stronger fiscal metrics against large contingent liabilities
Moody's Investors Service said it expects Serbia's economic growth to accelerate to 3.0% in 2018 and 3.5% in 2019, supported by private consumption, as private sector employment expands. The Serbian economy's growth structure is now more balanced than before the financial crisis, having seen a strong shift towards export-driven growth in recent years, Moody's said in a new annual report on the country.
Source: Moody, SeeNews
Bloomberg: Serbian dinar second best performing currency in the world
Serbian dinar is the second best performing currency in the world in the last 12 months which is, among other things, contributed to the fact that last month Serbian currency recorded the highest appreciation against euro in three years – Bloomberg reports. Bloomberg also says that “Serbia is going against the tide of a gradual shift toward policy tightening across most of Europe since it has little need for rate hikes any time soon, with inflation slowing to the bottom of the central bank’s target range in February and continued appreciation in the dinar”. Serbia’s 10-year notes still offer a yield of 5.88 percent, more than double the rate on Hungarian and Czech securities. This is one of few nations in eastern Europe that still offers a positive real yield on short-term investments, the report says.
Source: Bloomberg, Serbiamonitor