SERBIA:
NIIS: NIS to pay around RSD 6.9 billion in dividend to shareholders
The Board of Directors of Naftna Industrija Srbije (NIIS) proposed this Monday (May 14) for a dividend in the total amount of RSD 6.9 billion to be paid to the company's shareholders from the 2017 profit, NIS announced. The net profit of NIS amounted to close to RSD 27.8 billion last year, 25% of which is meant to be paid as dividend.
Source: Ekapija, Belex
Top 15 Serbian exporters export goods worth EUR 1.5 billion in the first four months of 2018
The total value of the export of the 15 biggest Serbian exporters in the January-April period amounted to EUR 1.5 billion, with Fiat Chrysler Automobiles (FCA) Serbia still heading the list. Fiat's exports in the said period reached the amount of EUR 303.3 million, whereas the export of HBIS Group, owner of the Smederevo steel mill, amounted to EUR 263.8 million, according to the report Current Macroeconomic Trends, published by the Ministry of Finance. The third spot belongs to Tigar Tyres Pirot with EUR 135.4 million, followed by Naftna Industrija Srbije with EUR 114 million and Robert Bosch with EUR 82.7 million.
Source: Ekapija
ENHL: Energoprojekt expects EUR 298m of new jobs in 2018
Energoprojekt (ENHL) reported non-consolidated reports for 1Q18 where only operations of parent company with daughter units were presented. However, important notice is that related document shows the company’s expectation for new jobs in 2018. It was planned EUR 298m of new projects to be contracted in 2018, out of which 535 is form abroad, while total backlog in 1Q stand at EUR 326m.
Izvor: Belex, Ilirika
REGION:
SBITOP up 0.11%
SBITOP index gained 0.11% yesterday, with Gorenje as the most traded name. The stock delivered EUR 1.9m in volume, and it was a top gainer as well since it added 2.7%. Daily looser was Mercator as it lost 7.4%.
Source: LJSE, Ilirika
INO:
Dow drops about 200 points, snaps 8-day winning streak after interest rates surge, European markets close mixed amid earnings
U.S. stocks dropped sharply on Tuesday after Home Depot reported quarterly sales that fell short of Wall Street's expectations and interest rates breached new highs. The Dow Jones industrial average fell 240 points, with Home Depot among the biggest contributors of losses. The S&P 500 declined about 1 percent, while Nasdaq composite dropped 1.2 percent.
Stocks also slipped after the Commerce Department reported retail sales increased 0.3 percent in April, down from a 0.8 percent gain in March, which was revised higher. The solid read on consumer spending, however, was accompanied by an uptick in interest rates, a move some market watchers blamed for a further decline in equities. The benchmark U.S. 10-year Treasury yield, which moves inversely to its price, hit 3.08 percent on Tuesday, its highest read since 2011.
European markets closed mixed Tuesday afternoon as investors monitored key political and economic risks while oil prices hovered close to multi-year highs. The pan-European Stoxx600 closed 0.1 percent higher provisionally, with major bourses and sectors pointing in different directions.
Vodafone was trading lower after the world's second-largest mobile operator reported its long-time CEO is poised to step down in October. Vittorio Colao is set to be replaced by Nick Read, the company's finance director since 2014. The firm's shares closed 4.3 percent down on the news.
Europe's banking sector bounced back from slight losses earlier on in the afternoon, closing up 0.3 percent. Raiffeisen Bank, Commerzbank and Credit Agricole posted their latest figures earlier in the day, with all three lenders near the top of the sector amid better-than-expected earnings over the first three months of 2018.
Source: CNBC, Ilirika