Rebound contines
indices continued rebounding during the previous wee led by Komercijalna bank and Tigar advance which likely found support at RSD 2,150 and rebound up to RSD 2,240 per share.
Total of 350,000 common stocks of AIK Banka were sold on the Belgrade Stock exchange, which is about 5% of their total number, for RSD 3.8 billion (11,000 RSD per stock) on Monday. AIK bank CEO said that, according to unofficial Information, the seller was National Bank of Greece (NBG), the owner of Vojvodjanska banka. AIK bank gained just in 0.58% value in the last five days closing at RSD 11,366 per share on Friday.
Fidelinka, bakery & pasta producer, announced GA meeting to take place on October 11, 2007. The topic of the meeting will be approval on proposal of the Board of directors on capital increase through share issue. Fidelinka gained 31% in value over the last three months outperforming BELEXline index by 30%. It closed at RSD 4,258 on Friday.
Energoprojket’s daughter company Energoprojekt Consulting signed a USD 17.7 mln worth contract on consulting service concerning the realization of a new (eighth) phase of the system for electric power transmission in Qatar. At the same time another one Energoprojket’s daughter company, Energoprojekt Hidroinjzenjering has placed the best bid to design a project for a hydro-electric power plant on Lake Bilecko Jezero in Montenegro. The company offered to perform the job for EUR 82,500. Energoprojket’s share price continued oscillating in a thinly range of RSD 3,200 to RSD 3,300 per share.
Inflation in Serbia could accelerate to 8.6% by the end of the year, the market research Institute said. Further tightening of the country's monetary policy, intended to maintain the inflation rate under control should be expected. Reasons for higher inflation are high public expenditure and personal demand, as well as a severe draught earlier this year, which "served as an excuse for some producers to, using their monopoly position, raise the prices of their products." At the same time, the institute warned the dinar was unrealistically strong, causing a drop in domestic production and exports, and added this will likely continue as long as the National Bank of Serbia (NBS) uses the exchange rate as a "nominal anchor" against inflation. Meanwhile, the Governor, Radovan Jelasic downplayed warnings of inflation figures surpassing projected marks by the end of 2007, and announced that the NBS key rate remained at 9.75%.
BSE indices (charts)
market Data (table)
Equity market Data (table)
Bulls of the Week (table)
Bears of the Week (table)
Most Traded (table)
Equity Turnover (chart)
Foreign Investor Participation in Equity Turnover (chart)
Most Traded Stocks (table)
3-Month Charts: ALFA, AIKB, BNNI, BMBI, ENHL, AGBN, IMLK, TIGR, TGAS, CCNB, KMBN, SJPT
Block Trading (table)
Upcoming Events (table)
Industries (tables)
Featured Stock: FIDL (table and chart)
Press Release
KBC Securities closes acquisition of Senzal
Following its announcement on 17 April 2007, KBC Securities today finalised the acquisition of the Serbian broker, Senzal. After having received the approval of the Serbian Securities Commission and the Serbian, Montenegrin, Macedonian and Bosnian and Herzegovinian Antitrust Authorities, KBC Securities is now the sole owner of this Serbian company, including the subsidiaries in Montenegro, Macedonia and Bosnia and Herzegovina. Last month, on July 10, KBC already finalized the acquisition of another Serbian broker, Hipobroker.
Optika a.d. Beograd [BELEX: OPTK]: tender Announced
privatization Agency announced public invitation for participation on tender for purchase of company for design and trade in optical goods Optika from Belgrade. tender documentation will be available to the buyers starting from October 8, and the deadline for delivery of obligatory bids is December 7. The Agency offers state-owned package of 59.86% of stocks of the company, that is, 49.86% of stocks owned by the share Fund and 10% of capital owned by Pension and Disability Insurance Fund. In order to participate in the tender, buyers must deal with production or trade in optical instrument for at least three years and they must have income of at least EUR 4 mln in 2006.
Serbia: Partnership relations between Serbia and World Bank
Serbian Deputy Prime Minister Bozidar Djelic said that in July this year, Serbia in its relations with the World Bank passed from the country which was given loans under the most favourable conditions to the partnership status. Speaking at the roundtable "Guidelines of economic policy and improvement of process of harmonisation of international assistance", which began at the Palace of the Serbian government in Belgrade, organised by the Deputy Prime Minister's Cabinet and the World Bank, Djelic said that in the Bank's terminology, the partnership status means that a country is in the last stage before obtaining the status of developed country. In July this year Serbia concluded five new projects with the World Bank - project for development of the Bor region worth $33mn, loan for reform of agriculture worth $17mn, plus $4.5mn in donations, $50mn for irrigation, $50mn for reconstruction of road network and $18mn for boosting energy efficiency. On the first day of the roundtable, six priority topics will be discussed - job creation, utilisation of privatisation revenues for the better management of public investments, assessment of the degree of implementation of infrastructural projects launched, balanced regional development, agricultural development againts the backdrop of the climate change and next steps in the judiciary reform. On the second day, the topics will be relations with international institutions, Serbia's balance in relationship with donors and priorities for the upcoming period. World Bank experts are taking part in the work of the roundtable, including Director for southeastern Europe Orsalia Kalantzopoulos, head of the World Bank office in Serbia Simon Gray and IMF resident representative in Serbia Harald Hirschhofer.
DEBT Securities (chart)
GOVERNMENT BONDS (table)
TREASURY BILLS (table and charts)
Regional Markets: CEE Markets (table)
exchange Rates (table and chart)
*****
To view the original document, please click on the link below:
http://reports.aiidatapro.com/SBB/Senzal/WF_01-05Oct2007.pdf
*****
Copyright: 2007 Senzal a.d. All rights reserved.
For further Information please contact Senzal, 3 Cincar Jankov Str. , 11000 Belgrade, Serbia
Phone: +381 11 218 08 56, fax: +381 11 218 09 02, e-mail: senzal@senzal.co.yu, web site: http://www.senzal.co.yu
*****
AII Data Processing does not endorse in any way, the views, opinions or recommendations expressed above. The use of the Information is subject to the terms and conditions as published by the original source, which you have to read and accept in full prior to the execution of any actions taken in reliance on Information contained herein.
 | SeeNews SeeNews is a business and financial news and information provider which brings its visitors and customers access to detailed coverage on the fast-growing companies, economies and markets of ten Southeast European nations. |
Search for: investments |
Search for: privatization |
Search for: deal |
Search for: tender |
Search for: market |
Search for: acquisition |
Search for: management |
Search for: share |
Search for: company |
Search for: index |
Search for: indices |
Search for: exchange |
Search for: broker |
Search for: tables |
Search for: chart |
Search for: Macedonia |
Search for: Montenegro |
Search for: Serbia |
Search for: institutions |
Search for: research |
WF 01-05Oct2007.pdf, 176 Kb
