Zavarovalnica Triglav pulled down SBI TOP
Insurer Zavarovalnica Triglav stood out on the Ljubljana Stock Exchange today with a 2.34% loss to EUR 33.40, which made it the chief factor in the SBI TOP blue chip index closing 0.11% lower at 902.40 points. Total trade volume amounted to EUR 1.4m, with pharma company Krka accounting for EUR 434,000 of the total.
Sava Re to pay out EUR 12.4m in dividends
Insurance group Sava Re will pay out EUR 12.4m or 80 cents gross per share in dividends this year, shareholders decided on Tuesday. Small shareholders, who wanted significantly higher dividends or none at all, are unhappy with the decision.
German Retail Sales Rise the Most in 1-1/2 Years
German retail sales surged 2.3% in April, rebounding from a 0.4% drop in the previous month and beating market consensus of a 0.7% gain. It was the first month of increase in retail trade since November and the strongest since October 2016.
Euro Dollar Exchange Rate rebounds
The euro rebounded on Wednesday but traded close to 10-month low against the dollar as Italy's major parties are calling for President Sergio Mattarella to dissolve parliament and send the country back to the polls as soon as July 29th. There is some uncertainty, however, following news that a last-minute deal between the 5-Star Movement and right-wing League to form a new government is still on the table.