Daily Report 26.04.2018
Објавено: 26. 04. 2018

SERBIA:

Profit of Serbia amounts to RSD 437.2 billion in 2017 – Processing industry realizes best results
The profit of the Serbian economy amounted to RSD 437.2 billion in 2017, nearly twice as much as in 2016, when the profit amounted to RSD 187.4 billion, the Business Registers Agency announced. The high profitability of the economy in 2017 was achieved thanks to an increase in net profit by 32% to RSD 666.6 billion, but also a decrease in net loss by 27.8% to RSD 229.4 billion – said Ruzica Stamenkovic, registrar at the Register of Financial Statements.
Source: Ekapija

Fintel Energija looking to collect EUR 27.5 million through IPO at Belgrade Stock Exchange
The shareholders of Fintel Energija have reached the decision on increasing the company's capital by RSD 3.5 billion (EUR 27.5 million) through the initial public offering (IPO) at the Belgrade Stock Exchange. The shareholders have approved the capital increase through the listing on the Belgrade Stock Exchange premium list. The GM of Fintel Energija decided for the capital to increase to up to RSD 3.25 billion (EUR 27.5 million), which equals 6.5 million new shares worth RSD 500 – Fintel Energia Group says in a press release.
Source: Ekapija

Foreign investments in Serbia in first two months of 2018 amount to EUR 436.9 million – Public debt drops to 59.4% of GDP
Foreign direct investments in Serbia in the first two months of 2018 amounted to EUR 436.9 million, which is 21.8% more than in the same period last year, Prime Minister Ana Brnabic said. At the meeting of the National Alliance for Local Economic Development (NALED) said that the increase amounted to around EUR 80 million. She reminded that direct foreign investments had amounted to EUR 2.6 billion in 2016, a “historical success”, as she called it.
Source: Ekapija

REGION:

SBITOP up 0.85%
SBITOP gained solid 0.85% during the yesterday’s trading session. Daily gainer was Gorenje with 3.64% jump, while most traded name was again Triglav with EUR 365ths in volume. Daily looser was Mercator, since it was down 21.2%.
Source: LJSE, Ilirika

INO:

Dow snaps 5-day losing streak as Boeing soars on earnings, European stocks close lower as rising yields put investors on edge
The Dow Jones industrial average closed higher for the first time in six sessions on Wednesday, recovering from sharp losses seen earlier in the day, as Boeing soared on strong earnings. Boeing rose 4.2 percent after reporting quarterly results that easily beat analyst expectations. The stock's rise helped the Dow bounce back from a 201.05-point deficit and snap a five-day losing streak. The S&P 500 also erased earlier losses, closing 0.2 percent higher, while Nasdaq composite, meanwhile, slipped 0.1 percent to 7,003.74.
Twitter also reported stronger-than-forecast earnings on Wednesday, but the stock fell 2.4 percent. Comcast, NBCUniversal's parent company, also released better-than-expected earnings Wednesday.
European stocks closed lower Wednesday, as rising yields in the bond markets offset excitement surrounding corporate earnings. The pan-European Stoxx 600 closed provisionally down 0.77 percent, with most sectors and all major bourses in the red.
The German lighting group Osram sank 17 percent, after cutting its forward guidance for the 2018 fiscal year. U.K. lender Metro Bank fell near to the bottom of the index, down by 7 percent, on rising costs. The bank added it might need an equity raise.
Sticking with the corporate space, the board of biotech firm Shire announced that it had received a revised acquisition proposal of £46 billion ($64 billion) from Takeda Pharmaceutical Company. In a statement, the Irish group said it was willing to recommend this revised offer to its shareholders.
Source: CNBC, Ilirika