DAILY REPORT - Banca Intesa Beograd · JUGOPREVOZ KRUSEVAC A.D. 152,276,000 Din. IMPOL SEVAL AD...
Transcript of DAILY REPORT - Banca Intesa Beograd · JUGOPREVOZ KRUSEVAC A.D. 152,276,000 Din. IMPOL SEVAL AD...
Source: Daily FX
Value Previous Change YTD Value Previous Change YTD
118.6244 118.6952 -0.06% 0.13% 1.2427 1.2397 0.24% 3.52%
95.5262 95.4679 0.06% -3.62% 1.1613 1.1672 -0.50% -0.74%
102.0162 101.6226 0.39% 0.72% 0.8778 0.8765 0.16% 4.73%
134.9999 135.3732 -0.28% 1.18% 1.4160 1.4139 0.15% -3.66%Source: NBS 108.5600 109.4100 -0.78% -1.12%
Source: Bloomberg
Source: Bloomberg Source: Bloomberg
Value Next decision Value
3.50% 8.2.2018 0.00%
Deposit facility 2.00% 1.50%
Lending facility 5.00% 0.50%
Repo operations (one week) 2.56% -0.75%
Source: NBS Source: Bloomberg
26.1.2018 25.1.2018 Change (bps) 26.1.2018 25.1.2018 Change(bps)
2.51% 2.53% -0.02 -0.364% -0.363% -0.001
2.83% 2.84% -0.01 -0.369% -0.369% 0.000
3.11% 3.11% 0.00 -0.328% -0.327% -0.001
3.27% 3.26% 0.01 -0.278% -0.278% 0.000
Source: Reuters Source: Bloomberg, EBF
Note: Values are with 1 day delay Note: Values are with 1 day delay
Value Previous Change (bps) Value Previous Change(bps)
1.568% 1.567% 0.001 0.047% 0.050% -0.003
1.767% 1.760% 0.007 0.385% 0.397% -0.012
1.960% 1.950% 0.010 0.977% 0.990% -0.013
-0.802% -0.802% 0.000 2.385% 2.371% 0.014
-0.742% -0.742% 0.000 2.528% 2.505% 0.023
-0.643% -0.642% 0.000 2.684% 2.678% 0.006
Sources: ICE, Bloomberg Sources: IBA, Bloomberg
Libor 3M (CHF) USD ISDA 5Y FIXING
Libor 6M (CHF) USD ISDA 10Y FIXING
Libor 3M (USD) EURIBOR ISDA 5Y FIXING
Libor 6M (USD) EURIBOR ISDA 10Y FIXING
Libor 1M (CHF) USD ISDA 3Y FIXING
BELIBOR 6M EURIBOR6M
Libor interest rates Interest rate Swap
Libor 1M (USD) EURIBOR ISDA 3Y FIXING
BEONIA EONIA
BELIBOR1M EURIBOR1M
BELIBOR3M EURIBOR3M
United Kingdom (BOE) 8.2.2018
Switzerland (SNB) 15.3.2018
Serbia - Interbank interest rates Serbia Europe - Interbank interest rates - Europe
Next decision
Key policy rate Eurozone (ECB) 8.3.2018
US (FED) 31.1.2018
GBP/RSD GBP/USD
USD/JPY
National Bank of Serbia Interest rates Major interest rates
EUR/RSD EUR/USD
USD/RSD EUR/CHF
CHF/RSD EUR/GBP
FX rates and money market
FX rates on domestic market International markets
Currency Currency
PCE (yoy) December 1.5% 1.5%
Key events
TimeCountry/
RegionEvent Period Previous Forecast
14:30 USA
Overall trading at the Belgrade Stock Exchange RSD15,28 mn (€0,13 mn). No bonds trading.
Euro gained against dollar on Friday. Trading at $1.240.
European stocks hold steady. The Stoxx Europe 600 Index rises 0.1%, FTSE 100 up 0.2%, DAX down 0.1%.
U.S. equities rose. S&P 500 up 0.3%, Dow Jones Industrial Average rises 0.1%.
U.S. oil climbs as a weaker dollar and tumbling stockpiles boost the American market, (WTI $66.21; Brent $70.39).
Gold steady, $1,347.85.
Financial Market Analysis
Treausury and ALM department
DAILY REPORT
Flash
Dinar adds against euro 0.1% (118,6244).
Bank of the Group
January 29, 2018
1.17
1.18
1.19
1.2
1.21
1.22
1.23
1.24
1.25EUR/USD
0
50
100
150
200
250
118
119
120
121
122
123
124
125EUR mio EUR/RSD
Turnover on FX market (right axis)
Date Currency
Source: Public Debt Management Agency
Moody's S&P Fitch
Ba3 BB BB
Outlook Stable Stable Stable
Date 17.3.2017 15.12.2017 15.12.2017 Sources: Bloomberg, JPMorgan
Source: Bloomberg
Date Value Previous Date Value Previous
04.02.2016 2.75% 2.79% 18.01.2018 0.47% 0.48%
02.03.2017 2.64% 2.65% 14.09.2017 0.99% 1.04%
07.02.2017 3.48% 3.49% 21.12.2017 1.49% 1.75%
24.10.2017 4.05% 4.65% 19.01.2018 1.95% 2.38%
06.11.2017 4.29% 4.80% 13.07.2017 4.00% 4.00%
23.01.2018 4.30% 6.50% 06.09.2017 4.20%
23.10.2017 5.00% 5.60% Source: Public Debt Management Agency
21.10.2014 12.99%
23.06.2016NBS key rate +
0.25%
NBS key rate +
0.25%
Source: Public Debt Management Agency
Source: Public Debt Management Agency Source: Public debt Management Agency
Sources: Ministry of finance, Banca Intesa Sources: Ministry of finance, Banca Intesa
Vrednost Prethodna UST spred
Serbia 5y 2018 2.769% 2.863% 0.918%
Serbia 7y 2020 3.143% 3.151% 1.030%
Serbia 10y 2021 3.302% 3.315% 3.302%
Serbia 20y 2024 6.389% 6.382%Source: Bloomberg
Izvor: Bloomberg
Source: Bloomberg
7 years
10 years
24 month amortizing
Serbian Eurobonds yields (USD)
2 years 5 years
3 years 10 years
5 years 15 years
Maturity
3 months 53 weeks
6 months 2 years
53 weeks 3 years
Maturity
RSD Government securities EUR Government securities
Instrument Value
No planned auctions for today
Serbia Credit rating
Fixed income
Scheduled auctions
80
130
180
230
280
330
bps JP Morgan EMBI Srbija
2.8
3.3
3.8
4.3
4.8
110
111
112
113
114
115
116
117
Serbian 10y Eurobond 2021
Price Yield (right axis)
1.52.53.54.55.56.57.58.59.5
10.511.512.513.514.5
Yields on RSD government securities primary auctions
3m 6m 53w 2y 3y NBS key rate 5y 7y 10y
0.00.51.01.52.02.53.03.54.04.55.05.56.06.57.0
Yields on EUR government securities primary auctions
53w 2y 3y 5y 10y 15y
2
Source: Belgrade Stock Exchange
Source: Belgrade Stock Exchange Source: Belgrade Stock Exchange
Sourc: Bloomberg
NIIS 725 10,611,100 0.83% 1.54% #N/A N/A #N/A N/A #N/A N/A
TGAS 12,495 2,911,335 0.00% 1.39% 1.07 24.62 4.23
INIM 3,800 805,600 -5.00% -5.00% 0.12 5.15 1.92
AERO 1,779 386,043 -0.28% -0.78% 2.44 17.85 14.52
JGPK 2,000 146,000 0.00% 0.00% 0.77 15.10 5.04
IMPL 3,352 100,560 -0.27% 1.58% 1.16 11.90 10.27
KMBN 1,903 49,478 0.11% -0.89% 0.46 7.68 6.61
FITO 2,900 49,300 0.69% 3.57% 1.67 10.08 17.60
STTM 3,600 32,400 7.46% 9.09% 0.17 5.23 3.15
JESV 5,300 10,600 0.00% 0.00% 0.73 5.49 11.62
VDAV 4,100 8,200 0.00% 3.02% 0.39 18.38 2.69
MTLC 1,990 5,970 2.05% -1.09% 1.35 16.85 7.98
Sources: Belgrade Stock Exchange; Bloombeg
0.07%
0.30%
0.20%
0.25%
0.94%
Source: Bloomberg
crobex sbi20
Source: Bloomberg Source: Bloomberg
sofix bet-c
Izvor: Bloomberg Izvor: Bloomberg
Source: Bloomberg Source: Bloomberg
dj balkan
Source: Bloomberg
DJ Stoxx Balkan 50 Balkan 499.49 494.85 6.08%
SOFIX Bugarska 709.62 708.17 4.75%
BET Rumunija 8,434.44 8,413.46 8.78%
Crobex Hrvatska 1,868.39 1,867.09 1.38%
SBITOP Slovenija 837.16 834.67 3.80%
Regional stock exchanges
Index Country/Region ValueValue from the previous
dayChange YTD
JEDINSTVO SEVOJNO AD 1,615,010,700 Din.
VODA VRNJCI AD 470,626,700 Din.
METALAC AD GORNJI MILANOVAC 4,059,600,000 Din.
KOMERCIJALNA BANKA AD BEOGRA 32,004,570,268 Din.
GALENIKA FITOFARMACIJA AD 7,656,000,000 Din.
STARI TAMIS AD PANCEVO 1,424,934,000 Din.
AERODROM NIKOLA TESLA AD BEO 61,000,753,650 Din.
JUGOPREVOZ KRUSEVAC A.D. 152,276,000 Din.
IMPOL SEVAL AD SEVOJNO 3,158,546,024 Din.
NIS AD NOVI SAD 118,218,790,000 Din.
MESSER TEHNOGAS AD 12,953,041,710 Din.
INVEST IMPORT AD BEOGRAD 155,382,000 Din.
P/BV P/E ROE Market capitalization
The most traded stocks on Belgrade Stock Exchange from the previous day
Company Ticker Price RSDTurnovor
RSD
Daily
change
Weekly
change
Ratios P / B P / EBelex15 0,85 13,94
Turnover 15,284,820 RSD 519,378,147 RSD -97.06%Source: Belgrade Stock Exchange
128,774 € 4,374,982 € -97.06%
Belex 15 778.36 774.81 0.46% 1.98%
Belex line 1,650.78 1,642.68 0.49% -1.19%
Belgrade Stock Exchange
Value Previous value Change YTD
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
CROBEX
350
400
450
500
550
600
650
700
750
SOFIX
5,500
6,000
6,500
7,000
7,500
8,000
8,500
9,000
BET
300
400
500
600DJ Stoxx Balkan 50
500
550
600
650
700
750
800 Belex 15
-0.28%
0.00% 0.00% 0.00% 0.00% 0.11% 0.69% 0.83%
2.05%
4.41%
AERO ENHL TGAS JESV ALFA KMBN FITO NIIS MTLC SJPT
Daily change of Belex 15 members
1,000
1,200
1,400
1,600
1,800Belex line
600
650
700
750
800
850
SBITOP
3
Source: Bloomberg
dow jones s&p
Izvor: Bloomberg Izvor: Bloomberg
Source: Bloomberg Source: Bloomberg
nasdaq dax
Izvor: Bloomberg Izvor: Bloomberg
Source: Bloomberg Source: Bloomberg
nikkei dj stoxx
Izvor: Bloomberg Izvor: Bloomberg
Source: Bloomberg Source: Bloomberg
Izvor: Bloomberg Izvor: Bloomberg
Source: Bloomberg Source: Bloomberg
Source: Bloomberg
Snežana Topalović 201-1400 Snežana Spasojević 201-3621Vladimir Gavović 201-1263 Dragomir Milin [email protected] Biljana Radosavljević 201-3610
Darko Karanović 201-3624 Vitomir Marić 201-1315Boban Todorović 201-3627 Olivera Glišić 201-1314Dragan Ignja 201-3626 [email protected]
ContactFinancial Market analysis Customer execution office (fixed income)
Dealing Custody
Disclaimer
This overview is written to inform and does not represent a call for making business decisions and buying or selling mentioned financial instruments. Banca Intesa ad Beograd does not guarantee exactness of summoned data.
Information, opinions and commentaries in this overview are given with the best intention according to available data provided from relevant sources and as a result of professional attitudes and orientations of analytical team working in
Banca Intesa ad Beograd. Banca Intesa ad Beograd does not assume responsibility for possible loss and damage caused by business activities according to any element and contents of the overview. This document may only be
reproduced in whole or in part together with the name of Banca Intesa Beograd.
Nikkei 225 Japan 23,631.88 23,669.49 -0.16% 3.81%
Dow Jones Stoxx 600 EU 400.57 398.56 0.50% 2.93%
FTSE UK 7,665.54 7,615.84 0.65% -0.29%
DAX Germany 13,340.17 13,298.36 0.31% 3.27%
NASDAQ US 7,505.77 7,411.16 1.28% 8.73%
S&P 500 US 2,872.87 2,839.25 1.18% 7.45%
Dow Jones Industrial US 26,616.71 26,392.79 0.85% 7.68%
Index Country/Region Value Previous value Change YTD
World stock exchanges
14,00015,00016,00017,00018,00019,00020,00021,00022,00023,00024,00025,00026,00027,00028,000
Dow Jones Industrial
1,700
1,800
1,900
2,000
2,100
2,200
2,300
2,400
2,500
2,600
2,700
2,800
2,900
3,000
S&P 500
4,0004,2004,4004,6004,8005,0005,2005,4005,6005,8006,0006,2006,4006,6006,8007,0007,2007,4007,6007,800
NASDAQ Composite
260
280
300
320
340
360
380
400
420DJ Stoxx 600
9,000
11,000
13,000
15,000
17,000
19,000
21,000
23,000
25,000
Nikkei 225
\
8,000
9,000
10,000
11,000
12,000
13,000
14,000DAX
35
40
45
50
55
60
65
70
75Cena nafte Brent (USD/bbl)
1,050
1,100
1,150
1,200
1,250
1,300
1,350
1,400Zlato
\
5
7
9
11
13
15
17
19
Vix Index
4