DOCSLIB.ORG

Belgrade Stock Exchange

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Belgrade Stock Exchange 06 December, 2012 D A I L Y O V E R V I E W • Sinteza Invest Group • Brokerage • Analisys and Reasearch • Mergers and Aqusitions • Corporate servises • Investment consulting Belex15 Index BelexLine Index Volume Leaders Turnover, m Turnover, m Index Ticker Price % Turnover (RSD) Volume Index 140 940 NIIS 720 0.3% 7,662,428 10,678 140 490 930 VZAS 549 1.9% 4,959,210 9,041 120 120 480 SJPT 549 10.0% 4,665,108 8,721 920 100 100 MLNI 1,620 0.0% 4,084,020 2,521 470 910 IMLK 3,200 0.0% 3,184,000 995 80 80 460 900 60 60 890 Gainers 450 40 Ticker Price % Turnover (RSD) Volume 40 880 FRKM 6,360 20.0% 19,080 3 20 440 20 870 EPVI 285 18.8% 168,150 590 0 430 0 860 DNVG 105 12.9% 95,655 911 02-Nov-12 12-Nov-12 22-Nov-12 02-Dec-12 01-Nov-12 11-Nov-12 21-Nov-12 01-Dec-12 SJPT 549 10.0% 4,665,108 8,721 Current Index Level 481.91 Current Index Level 927.78 VZAS 549 1.9% 4,959,210 9,041 Daily Return 0.96% Daily Return 0.77% Weekly Return 3.22% Weekly Return 2.20% Fallers 1M 7.26% 1M 4.47% Ticker Price % Turnover (RSD) Volume YTD -3.43% YTD -5.06% CEBAPB 220 -26.7% 550,000 2,500 52-Week-Return -2.43% 52-Week-Return -4.96% FSIL 550 -25.3% 803,550 1,461 52-Week-High 566.85 52-Week-High 1,051.34 RDJZ 400 -16.7% 189,200 473 52-Week-Low 426.80 52-Week-Low 857.00 PRBN 60 -14.3% 21,600 360 Daily Turnover 21,821,340 Daily Turnover 22,619,423 KMBNPB 835 -1.7% 23,380 28 3M Average Turnover 25,110,355 3M Average Turnover 29,157,522 Belex15 Index Constituents MCap Daily Turnover MCap/ Div. Ticker Price 1W 1M 3M YTD Open High Low P/B P/E D/E ROA ROE Banking Sector (m RSD) Return RSD Assets Yield AIK Banka AIKB 13,904 1,569 1.1% 1.8% 10.9% 12.2% -4.8% 1,561 1,599 1,561 21,968 0.3 3.3 9% 2.1 2.9% 8.9% 0.4% Komercijalna Banka KMBN 9,258 1,063 0.0% 6.3% -3.4% -3.4% -37.5% - - - - 0.2 2.1 3% 5.5 1.5% 9.5% 0.0% Jubmes Banka JMBN 2,180 8,397 0.0% 0.0% -3.4% -19.3% -35.4% - - - - 0.4 11.8 23% 0.1 2.0% 3.5% 0.0% Real Sector P/S Petroleum Industry-NIS NIIS 117,403 720 0.3% 4.0% 9.6% 15.9% 19.0% 714 726 713 7,662,428 1.0 2.6 0.5 1.2 18.9% 46.2% 0.0% Energoprojekt Holding** ENHL 5,704 574 0.0% 1.4% 0.7% 17.4% 46.4% - - - - 0.5 11.5 0.3 1.3 1.9% 4.5% 0.0% Imlek IMLK 27,971 3,200 0.0% 3.2% 6.0% 18.4% 36.0% 3,200 3,200 3,200 3,184,000 2.5 16.1 1.1 1.1 8.1% 16.3% 1.1% Sojaprotein SJPT 8,178 549 10.0% 18.8% 22.0% 17.1% -2.8% 530 549 530 4,665,108 0.7 6.4 0.6 0.7 6.6% 10.8% 0.0% Metalac MTLC 1,715 1,681 0.0% 1.9% 2.4% -1.1% 5.1% - - - - 0.5 3.2 0.3 0.6 8.9% 14.3% 7.7% Tigar TIGR 302 176 0.0% -4.9% -9.7% -29.6% -65.8% 176 176 176 176 0.1 - 0.1 2.3 -5.3% -16.2% 0.0% Airport Nikola Tesla AERO 14,744 430 -0.7% -0.5% 0.7% 5.1% -13.7% 430 430 430 430,000 0.6 16.0 2.5 0.1 3.6% 4.0% 6.7% Alfa plam ALFA 927 5,300 0.0% -0.2% 0.0% -7.6% -26.4% 5,300 5,300 5,300 673,100 0.2 2.1 0.2 0.3 9.2% 11.2% 0.0% Veterinarski zavod VZAS 1,241 549 1.9% 1.9% 32.0% 51.7% 71.0% 540 550 540 4,959,210 0.5 25.8 0.3 0.5 1.3% 1.8% 0.0% Jedinstvo Sevojno JESV 1,373 4,507 0.1% 2.4% 3.6% 2.9% -7.2% 4,507 4,507 4,507 225,350 0.3 2.2 0.2 0.9 9.0% 15.4% 11.1% Galenika Fitofarmacija FITO 2,776 2,103 0.0% -4.1% 1.1% -8.1% 15.5% - - - - 0.6 3.2 1.0 0.1 20.2% 22.2% 6.9% * total (not weighted average) number of shares used for calculations ** previous year results AIK Banka: Price and Moving Averages NIS: Price and Moving Averages Airport Nikola Tesla: Price and Moving Averages Price Price Price Price Price Price Moving Average - 100 Moving Average 100 800 550 Moving Average - 100 2,400 Moving Average - 50 Moving Average 50 Moving Average - 50 2,200 750 500 2,000 700 450 1,800 650 1,600 400 600 1,400 350 550 1,200 1,000 500 300 1-Jan 27-Feb 24-Apr 20-Jun 16-Aug 12-Oct 01-Jan 27-Feb 24-Apr 20-Jun 16-Aug 12-Oct 01-Jan 27-Feb 24-Apr 20-Jun 16-Aug 12-Oct Foreign Savings Bonds Treasury bills, notes and bonds Foreign Indices Country/ Turnover Emision Principal Daily Ticker Price YTM Volume Maturity MMY Realization Stock Simbol Value EUR Date (m RSD) Exchange Change A2013 98.22 3.77% 2,785,776 2,836,289 3m 15-Nov-12 11.95% 5,000 62.00% Vienna SRX EUR 151.28 -0.01% A2014 92.60 5.31% 7,256 7,813 6m 08-Nov-12 12.90% 4,000 100.00% A2015 88.17 5.20% 16,683 18,922 12m 27-Nov-12 12.49% 10,000 30.00% Region Zurich DJS 30 BALKAN 77.73 0.18% A2016 83.91 5.16% 174,297 207,724 18m 20-Nov-12 13.99% 10,000 100.00% Slovenia SBITOP 591.28 -0.47% 24m 24-Jun-12 14.45% 7,769 14.73% Croatia CROBEX 1,766.18 0.33% 36m 04-Dec-12 13.95% 10,000 42.31% Price 6% 60m 14-Nov-12 5.45% USD 750m 100.00% USA NYSE DJIA 13,034.49 0.64% 5.20% 125 NYSE S&P 500 1,409.28 0.16% 5% 5.31% 5.16% FX Nasdaq NASDAQ 2,973.70 -0.77% 115 4% RSD/EUR 113.9663 125 Chicago VIX 16.46 -3.86% RSD/USD 87.277 105 3.77% 120 3% 94.1481 Europe GB FTSE100 5,892.10 0.39% 98.22 RSD/CHF 115 95 92.60 Germany DAX 30 7,454.55 0.26% 2% 110 88.17 France CAC 40 3,590.50 0.28% 83.91 105 85 1% 100 RSDEUR Asia China SSE COMPOSITE 2,029.24 -0.13% 75 0% 95 A2013 A2014 A2015 A2016 Hong Kong HSI 22,249.81 -0.09% 90 Japan NIKKEI 225 9,545.16 0.81% Price YTM 1-Jan 1-Apr 1-Jul 1-Oct BDD Sinteza Invest Group Mihajla Pupina 115V, Block A3 / 7 Analyst: 11070 Belgrade, Serbia Milos Bijanic Tel: +381 (0)11 2099 500 [email protected] Faks: +381 (0)11 2099 578 +381 (0)11 2099 574 www.sinteza.net T O P B U S I N E S S S T O R I E S Serbia Canada's SNC Lavalin sets up regional office in Serbia - Canadian construction and engineering firm SNC Lavalin has opened a regional office in the Serbian capital Belgrade to facilitate cooperation with companies from the region, the Canadian embassy in Serbia said. The office will be SNC Lavalin's hub for central, eastern and southeastern Europe. SNC Lavalin International's director for business development, Evgeni Shevchenko, was appointed as head of the office, opened on Tuesday, it was said in a statement made available to SeeNews on Wednesday. The company has been present in Serbia since 2010 when it started working as the main contractor for a sulfuric acid plant at Serbia’s copper smelting and mining complex RTB Bor, a project worth more than 200 million Canadian dollars ($ 200.9 million/155.8 million euro). (SeeNews) Sweden's Verisec opens development center in Belgrade – On December 4th, the Swedish IT company Verisec opened a new development center in Belgrade. This center will be focused on developing state-of-the-art technology in the fields of IT security and cryptography. As the representatives of that company explained, it is a development laboratory where experts will be working on advanced solutions for the Swedish market. Verisec CEO Johan Henrikson told Tanjug news agency that one of the reasons why they invested in Serbia was the availability of well-educated IT staff and young talented people. As he noted, the development center in Belgrade (Verisec Labs) will hire seven people for start, whereas another five experts should be employed within the next six months.
Recommended publications
  • KOMERCIJALNA BANKA A.D., BEOGRAD Consolidated Financial

    KOMERCIJALNA BANKA A.D., BEOGRAD Consolidated Financial

    KOMERCIJALNA BANKA A.D., BEOGRAD Consolidated Financial Statements Year Ended December 31, 2017 and Independent Auditors’ Report KOMERCIJALNA BANKA A.D. BEOGRAD CONTENTS Page Independent Auditors' Report 1-2 Consolidated Financial Statements: Consolidated Income Sheet 3 Consolidated Statement of Other Comprehensive Income 4 Consolidated Balance Statement 5 Consolidated Statement of Changes in Equity 6-7 Consolidated Statement of Cash Flows 8-9 Notes to the Consolidated Financial Statements 10 -192 Group’s Annual Business Report KOMERCIJALNA BANKA A.D. BEOGRAD NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2017 1. ESTABLISHMENT AND OPERATIONS OF THE BANKING GROUP Komercijalna banka ad, Belgrade (hereinafter "The Parent Bank") was established on December 1, 1970, and was transformed into a joint stock company on May 6, 1992. The Bank was registered with the Commercial Court in Belgrade on July 10, 1991, and was legally re-registered in the Business Registers Agency on April 14, 2006. The Bank was granted a banking license from the National Bank of Yugoslavia on July 3, 1991. The tax identification number of the Parent Bank is 100001931. The largest share in the controlling activities of the parent banks is: Republic of Serbia 41.74% EBRD, London 24.43% The parent bank has three dependent legal entities with ownership: - 100% - Komercijalna banka ad, Budva, Montenegro - 100% - Investment Management Company KomBank INVEST ad, Belgrade, Serbia - 99.998% - Komercijalna banka ad, Banja Luka, Bosnia and Herzegovina. The minority owner in Komercijalna banka ad, Banja Luka, with 0.002% is the Agency for Export, Insurance and Financing of the Republic of Serbia. Consolidated financial statements and notes to the consolidated financial statements are the data of the Parent Bank, Komercijalna Banka AD, Budva, Komercijalna Banka ad, Banja Luka and KomBank INVEST ad Investment Company, Belgrade (in further text: "Group").
  • 3613-148, 3613-564 E–Mail...Ekirevizija@Eki

    3613-148, 3613-564 E–Mail...Ekirevizija@Eki

    Address ......................................... Kralja Milana 16 City .................................. 11000 Belgrade, Serbia Tel .....................(+381 11) 3613-148, 3613-564 Fax.............................................(+381 11) 3612-524 E–mail [email protected] Director .........................................Jasmina Macura EKI Audit Our auditing company EKI Audit was founded by the Economics Institute in Belgrade. It operates as an independent legal entity. EKI Audit utilizes the extended knowledge and experience of its managers and staff relying on the experience and human resources of Economics Institute in Bel- grade, where the EKI Audit staff gained their initial experience in auditing. In addition, our general manager and three employees used to work at Deloitte, Belgrade for a number of years where they worked on a significant number of complex engagements. In the last two years the company has been: - increasing its audit client base by 20% per annum - diversifying its portfolio of services through a number of financial due diligence projects for both domestic and foreign investors as well as accounting consulting - growing by 25% per annum EKI Audit employees a total of 18 auditors of whom four are licensed statutory auditors. Three employees have been trained in auditing at Deloitte, Belgrade and have worked on numer- ous IAS engagements both in Serbia and the CIS. Nearly all staff are proficient in MS Office and the English language. EKI Audit audit approach For the performance of audit approach, we have chosen a highly professional team with strong technical background and experience in auditing. Our auditing teams include experienced auditors – team managers and a number of team members varying from two to five.
  • Expat Capital – the Etf Provider for Cee Countries

    Expat Capital – the Etf Provider for Cee Countries

    Market data as of 21 May 2020 EXPAT CAPITAL – THE ETF PROVIDER FOR CEE COUNTRIES Expat Asset Management has created a family of exchange traded funds (ETFs) covering the equity markets in 11 countries in Central and Eastern Europe (CEE). Expat’s ETF products are unique market propositions providing country-specific exposure in the CEE region to international investors. Chart 1. Expat’s 11 ETFs on the Map of Europe Source: Expat Asset Management Table 1. The List of All ETFs Managed by Expat Asset Management CURRENCY No. COUNTRY FUND NAME INDEX EXPOSURE 1 Poland Expat Poland WIG20 UCITS ETF WIG20 PLN 2 Czech Republic Expat Czech PX UCITS ETF PX CZK 3 Slovakia Expat Slovakia SAX UCITS ETF SAX EUR 4 Hungary Expat Hungary BUX UCITS ETF BUX HUF 5 Slovenia Expat Slovenia SBI TOP UCITS ETF SBI TOP EUR 6 Croatia Expat Croatia CROBEX UCITS ETF CROBEX HRK 7 Serbia Expat Serbia BELEX15 UCITS ETF BELEX15 RSD 8 North Macedonia Expat Macedonia MBI10 UCITS ETF MBI10 MKD 9 Romania Expat Romania BET UCITS ETF BET RON 10 Bulgaria Expat Bulgaria SOFIX UCITS ETF SOFIX BGN 11 Greece Expat Greece ASE UCITS ETF ATHEX Composite EUR Source: Expat Asset Management Expat Capital Bulgaria, Sofia 1000, 96A G. S. Rakovski Str.; +359 2 980 1881; [email protected]; www.expat.bg 1 Market data as of 21 May 2020 Expat’s ETF products are designed to be major highways for capital flows to and from the equity markets of the CEE countries. They link the stock exchanges of those countries with the financial centres of London and Frankfurt, making it easy and cost-effective for international investors to take and liquidate an exposure to the specific countries in the region.
  • Events on Serbian Capital Market

    Events on Serbian Capital Market

    Dalmatinska 65a 11000 Belgrade, Serbia Events on Serbian capital market tel: +381 11 29-94-394 [email protected] fax: +381 11 32-93-242 April 27, 2012 by Vladan Gajić & Vojkan Janković www.tradeville.rs market overview 900 1.900 c o m m e n t 800 1.700 Leading index of the Belgrade Stock Exchange Belex15 decreased by -0,18% to 494,96 index points with a decrease of turnover compared to yesterday. Today’s total turnover amounted EUR 345.752 . 700 1.500 Bonds traded in amount of EUR 211.865 . General, “benchmark” index of the Belgrade Stock Exchange, BELEXline ended to 979,62 index points. Foreign investor's participation was 27,97%. 600 1.300 The list of winners started by Razvojna Banka Vojvodine ad ( MTBN ) whose price increased by 13,30% to RSD 1.133 with 127 shares sold. Lasta ad ( LSTA ) rose for 10,87% to price RSD 255 with 500 1.100 volume of 21 traded shares. Veterinarski zavod Subotica ad ( VZAS ) had increment of 2,03% with volume of 25 traded shares, whose price ended at RSD 302 . 400 900 The biggest losers were Philip Morris Operations ad ( DINNPB ), Soja protein ad ( SJPT ) and 300 700 Aerodrom Nikola Tesla ad ( AERO ). Philip Morris Operations ad ( DINNPB ) recorded decrease of - 28.4.11 28.6.11 28.8.11 28.10.11 28.12.11 28.2.12 6,90% what was maximum drop per day and recorded value of RSD 810 with volume of 80 traded shares. The share price of Soja protein ad ( SJPT ) decreased by -1,68% with volume of 200 traded shares and ended at RSD 528 .
  • Belgrade Stock Exchange

    Belgrade Stock Exchange

    Belgrade Stock Exchange 24 April, 2013 D A I L Y O V E R V I E W • Brokerage • Analisys and Reasearch • Mergers and Aqusitions • Corporate servises • Investment consulting • Belex15 Index BelexLine Index Volume Leaders Turnover, m Turnover, m Index Ticker Price % Turnover (RSD) Volume Index 120 1,110 NIIS 982 -0.8% 22,771,604 23,221 120 595 GMON 3,048 -0.7% 7,089,188 2,326 590 100 1,100 100 ENHL 727 1.8% 2,959,775 4,072 585 1,090 AIKB 1,560 0.0% 2,497,560 1,601 80 580 80 1,080 DVCA 290 0.0% 1,307,030 4,507 575 60 60 570 1,070 Gainers 40 565 40 1,060 Ticker Price % Turnover (RSD) Volume 560 LKDN 1,980 20.0% 11,880 6 20 20 1,050 555 MOIN 7,952 15.6% 262,400 33 0 550 0 1,040 NFTA 13,500 12.5% 445,500 33 22-Mar-13 01-Apr-13 11-Apr-13 21-Apr-13 21-Mar-13 31-Mar-13 10-Apr-13 20-Apr-13 SJPT 690 5.8% 361,332 524 Current Index Level 572.15 Current Index Level 1,077.52 ENHL 727 1.8% 2,959,775 4,072 Daily Return 0.01% Daily Return -0.08% Weekly Return -0.28% Weekly Return -0.10% Fallers Monthly Return 0.05% Monthly Return 0.47% Ticker Price % Turnover (RSD) Volume YTD 9.21% YTD 7.16% UNBN 650 -18.8% 35,750 55 52-Week-Return 15.29% 52-Week-Return 10.39% PLTK 15 -16.7% 4,500 300 52-Week-High 586.90 52-Week-High 1,099.21 BIPB 38 -11.6% 15,010 395 52-Week-Low 426.80 52-Week-Low 857.00 ZPKG 11,000 -8.3% 99,000 9 Daily Turnover 36,715,132 Daily Turnover 37,630,283 DNOS 605 -5.5% 20,560 34 3M Daily Average Turnover 49,236,061 3M Daily Average Turnover 54,032,714 YTD Daily Average Turnover 47,093,193 YTD Daily Average Turnover 52,246,019 Belex15 Index Constituents Cap.
  • Minutes from the Regular Session of the General Meeting of Bank’S Shareholders Held on January 25Th 2017

    Minutes from the Regular Session of the General Meeting of Bank’S Shareholders Held on January 25Th 2017

    MINUTES FROM THE REGULAR SESSION OF THE GENERAL MEETING OF BANK’S SHAREHOLDERS HELD ON JANUARY 25TH 2017 Belgrade, January 25th 2017 1 KOMERCIJALNA BANKA AD BEOGRAD GENERAL MEETING OF SHAREHOLDERS OF THE BANK No. 33462 Belgrade, January 25th 2017 MINUTES From the regular session of the General Meeting of Shareholders of Komercijalna Banka AD Beograd, held on January 25th 2017 in Belgrade – in the premises of the Bank, 14 Svetog Save St – with the beginning at 12.00 hours Shareholders – holders of ordinary shares specified on the List of Shareholders of the Bank composed on the Cut-off Date on January 15th 2017 with reference to the excerpt from the Central Registry of Securities – were attending the regular session of General Meeting of Shareholder of Komercijalna Banka AD Beograd that was held on January 25th 2017, as follows: 1. Republic of Serbia, proxy Jovanka Kosanović, Chair of the Bank's GMS 2. EBRD London – proxy k Mirjana Vujičić 3. Jugobanka in bankruptcy, Belgrade - proxy Jovanka Kosanović 4. Dunav osiguranje ado Beograd – proxy Mila Pavlović The shareholder IFC CAPITALIZATION FUND, WILMINGTON, USA delivered to the Bank duly completed and certified in absentia voting form. Representatives of the Bank who attended the session were: 1. Alexander Picker, President of the Executive Board, CEO of the Bank 2. Gabrijela Horvat, Director of Legal Affairs Division 3. Marija Tatomirov, Director of Normative Affairs Division 4. Vesna Velemir, Head of the Executive Board Support Unit The session of the General Meeting of Shareholders began at 12:00 hours. Chair of the GMS, Jovanka Kosanović, opened the GMS session by greeting the attending representatives of the shareholders and management of the Bank and informed the General Meeting of Bank's Shareholders that, pursuant to the Law on Bank and Law on Companies, in her capacity of the Chair of the General Meeting, she passed: 1.
  • Do Serbian Companies Provide Relevant Disclosures About Goodwill?

    Do Serbian Companies Provide Relevant Disclosures About Goodwill?

    ECONOMIC THEMES (2018) 56(1): 127-138 DOI 10.2478/ethemes-2018-0008 DO SERBIAN COMPANIES PROVIDE RELEVANT DISCLOSURES ABOUT GOODWILL? Dejan Spasić University of Niš, Faculty of Economics, Republic of Serbia [email protected] UDC Abstract: IFRS 3 have been adopted to increase the relevance of 657 information on business combinations. Consequently, it is expected that information on goodwill will contribute to that goal. By analysing Original the sample of the most important companies in the Republic of Serbia, scientific this paper identifies several key areas of disclosure regarding paper recognition, initial recognition, and subsequent measurement of goodwill. All companies listed on the Belgrade Stock Exchange (BSE) which prepare consolidated financial statements are taken for the sample. In addition, the paper includes selected non-listed companies (that are most important for the Serbian economy according to the criteria of revenue, number of employees, and the share in the total GDP) in the sample. The final sample consists of 156 consolidated financial statements of 43 groups in the analysed four-year period (2013-2016). Descriptive statistic is used. The author found a low level of disclosure, which is further accompanied by misapplication of IFRS. Received: Keywords: Goodwill, IFRS, relevance, disclosures, impairment test, 05.03.2018 impairment loss, amortisation Accepted: JEL classification: M41, G32, G34 27.03.2018 1. Introduction In the modern business environment intangible assets (including goodwill) play an important role. Nevertheless, the interest to interpret the essence of goodwill and its accounting scope has existed for over a hundred years. In this regard, Brunovs and Kirsch (1991) state that Hughes, in his 1982 study, identified trade and legal guidelines regarding goodwill much earlier, in 1417.
  • Annual Report 2009

    Annual Report 2009

    2009 Belgrade Stock Exchange j.s.c ANNUAL REPORT 2009 Annual Report 2009 INTRODUCTION As in the previous years, the BSE business operation in 2009 was conditioned by the existing business environment within the current economic and political situation in Serbia. This Annual report should also be viewed in light of the global financial crisis. Under the said circumstances, the BSE strove to realize the tasks projected in the regulatory and technical and technological domains in an attempt to remain a reputable regional institution. The activities were focused on modernisation and establishment of up-to-date, standard and safe working conditions and improvements in the areas of investor protection, corporate governance, transparency in price formation and disclosure. These activities constituted the basis of the BSE’s projected and realized plans. Thus, the BELEXFIX was successfully completed, function of market makers was improved, BSE procedures and rules were modified accordingly, BSE and companies listed at its market were successfuly promoted and the final financial results were good. The year of 2009 was marked by a dynamic international activity of the Republic of Serbia, mostly focused on fulfilling conditions for accessing the EU and on the diplomatic activity with respect to the status of the Serbian southern province. The most significant political events on the domestic and international scene in 2009 are the following: - The global financial crisis and economic recession continued, causing a further drop in GDP, an increase
  • 143 Belgrade Stock Exchange

    143 Belgrade Stock Exchange

    EKONOMSKI HORIZONTI, 2011, 13, (1) str. 143-154 Stru čni članak 336.761(497.11) ∗ Jelena Purić BELGRADE STOCK EXCHANGE: Post-Crisis Economy- lessons and possibillites Abstract: The first ideas about establishing an organization the purpose of which would be to control the money minimum appeared during the 30es of the 19 th century in Serbia. Since then many laws have been made, many meetings have been held and as many reforms have been carried out. The last decade is considered to be the turning point in the development of the Belgrade stock exchange. Namely, there has been an improvement of the development of the trading systems; the cooperation with other developed stock exchange markets in the neighbouring countries has been intensified, the first index of the BelexFm has been made and the improvement of the cooperation with the improvement of the relationship with the entities who issue securities and bonds, which lead to the first listing of shares. Key words : stock exchange, prime market, turnover, indexes JEL Classification: G20 INTRODUCTION Stock market is a place where authorized persons trade in standardized goods according to established rules. In all its complexity and diversity the stock market did not emerge as a product of pre-planned actions. It was created primarily as a result of a series of spontaneous and accidental circumstances, at a time when business scale of the traders grows over their individual abilities and directs them toward each other to jointly promote business in all aspects of mediation. As the original mediative circle formed the basic forms of future organizations, thus spontaneity constricted in further act, and to the extent necessary to develop the organization of stock exchange activity in order to meet the challenges of the changing environment.
  • Mesečni Izveštaj / Monthly Report Decembar 2019. Indeksi / Indices

    Mesečni Izveštaj / Monthly Report Decembar 2019. Indeksi / Indices

    MESEČNI PROMET / MONTHLY TURNOVER Promet RSD / Promena % / Promet EUR / Promena % / Broj transakcija / TRŽIŠNI SEGMENT / MARKET SEGMENT Turnover RSD % Change (RSD)* Turnover EUR % Change (EUR)* No of Transactions PRIME LISTING-akcije 94,109,931 -16.79% 800,673 -16.80% 1,413 PRIME LISTING-obveznice Republike Srbije 9,635,318,713 +1,087.86% 81,985,441 +1,087.94% 21 STANDARD LISTING-akcije 110,045,894 -99.57% 936,131 -99.57% 173 OPEN MARKET—akcije 23,568,588 -99.16% 200,519 -99.16% 292 MTP—akcije 43,301,493 -85.49% 368,424 -85.49% 323 * mesečna promena / * monthly change Promet RSD / Promena % / Promet EUR / Promena % / Broj transakcija / METODE TRGOVANJA / TRADING METHODS Turnover RSD % Change (RSD)* Turnover EUR % Change (EUR)* No of Transactions Kontinuirano trgovanje / Continuous trading method 9,887,058,619 +138.83% 84,127,089 +138.75% 2,218 Blok trgovanja / Block trading 19,286,000 -99.92% 164,099 -99.92% 4 Ukupno / Total 9,906,344,619 -66.63% 84,291,188 -66.62% 2,222 * mesečna promena / * monthly change Učešće u ukupnom Učešće u ukupnom broju Učešće u prometu Učešće u broju STRUKTURA TRGOVANJA / prometu / Total transakcija / Total No. Of akcijama / Turnover - transakcija akcijama / TRADING STRUCTURE Turnover Trades Shares No of Trades - Shares Regulisano tržište / Regulated Market 99.56% 85.46% 84.02% 85.32% MTP 0.44% 14.54% 15.98% 14.68% METODE TRGOVANJA / TRADING METHODS Kontinuirano trgovanje / Continuous trading 99.81% 99.82% 92.88% 99.82% Blok trgovanja / Block trading 0.19% 0.18% 7.12% 0.18% VRSTE HOV / SECURITY TYPE Akcije / Shares 2.74% 99.05% - - Obveznice Republike Srbije / RS Bonds 97.26% 0.95% - - Korporativne obveznice / Corporate Bonds 0.00% 0.00% - - INDEKSI / INDICES BELEX15 2.09% 71.33% 76.26% 72.01% BELEXline 2.36% 85.87% 86.40% 86.69% PROMET U PRETHODNIH 12 MESECI / TURNOVER IN PREVIOUS 12 MONTHS Regulisano / Regulated Br.
  • Dnevni Izveštaj 0 2 . O K T O B a R 2012

    Dnevni Izveštaj 0 2 . O K T O B a R 2012

    Dnevni izveštaj 0 2 . o k t o b a r 2012 PREGLED AKTIVNOSTI NA BEOGRADSKOJ BERZI KALENDAR DEŠAVANJA 5. oktobar Indeks najlikvidnijih akcija BELEX15 je umanjen za 0,3% u odnosu na jučerašnje trgovanje, Uprava za trezor: Aukcija 6-m zapisa 9. oktobar dok je kompozitni indeks BELEXline ostao na praktično nepromenjenoj vrednosti. Akcije NBS: Sednica Izvršnog odbora kompanija TE-TO (20%) i Impol Seval (7,5%) su zabeležile najveći rast, dok su najveći pad 11. oktobar zabeležile akcije kompanija Galenika fitofarmacija (-7,8%) i BB Minaqua (-4,2%). NIS je bila Uprava za trezor: Aukcija 3-m zapisa najaktivnija akcija na trgovanju sa prometom od 3,8 miliona dinara. Učešće inostranih 12. oktobar investitora u trgovanju akcijama iznosilo je 23,4%. Zavod za statistiku: Inflacija (septembar) KORPORATIVNE VESTI BELEXline NAFTNA INDUSTRIJA SRBIJE <NIIS SG Equity> 700 1,500 Cena: RSD 620 Tržišna kap.; RSD 101.097m YTD: 2,5% Prosečan 3m promet; RSD 5,5m 600 1,400 500 1,300 Vlada planira povećanje rudne rente za eksploataciju nafte i gasa Ministar rudarstva Milan Bačević je izjavio da vlada priprema predlog novog zakona o 400 1,200 rudarstvu za novembar koji bi predviđao povećanje rudne rente za eksploataciju nafte i gasa. 300 1,100 Trenutno, prema međudržavnom ugovoru između Srbije i Rusije, NIS plaća rudnu rentu u 200 1,000 iznosu od 3% do završetka projekta modernizacije rafinerije u Pančevu. U prvoj polovini 100 900 godine, troškovi NIS-a za rudnu rentu su iznosili 1,4 milijardi dinara, dok je u 2011. i 2010. 0 800 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep godini ovaj porez iznosio 2,1 milijardu i 1,4 milijardi dinara, respektivno.
  • Market Comment

    Market Comment

    Monday, February 25, 2013 th nd SERBIAN EQUITIES WEEKLY February 18 – 22 , 2013 BELEX 15 Friday Closing Value 557.73 Market Comment: Weekly Change 0.77% Change 30 days -0.11% BSE indices remained in green last week, albeit again Change YTD 6.46% with modest gains (BELEX15 at +0.77%, BELEXline at History High 3,335.20 +0.56%). They are up 6.46% and 4.30% YTD, History Low 347.46 respectively. 600 Equity turnover stood at €2.3m, two thirds of the previous week’s result. Bonds liquidity tripled WoW, but still 550 BELEX 15 remained pretty insignificant (at €123k). 500 450 NIS (NIIS) was by far the most popular stock for the 400 week, having generated more than half of the total traded volume. Following on the “top traded stocks” list were Sojaprotein (SJPT), Komercijalna Banka (KMBN), Imlek (IMLK) and Aerodrom Nikola Tesla (AERO). BELEX line Friday Closing Value 1,048.79 We do not expect to see any major shakeups on the Weekly Change 0.56% Serbian market this week. Change 30 days 0.25% Change YTD 4.30% History High 5,007.34 History Low 841.99 1,200 1,100 BELEX line 1,000 900 800 1 Monday, February 25, 2013 th nd SERBIAN EQUITIES WEEKLY February 18 – 22 , 2013 Current Week Previous Week Change Total Traded Value in EUR 2,414,935 3,506,199 -31.12% Traded Value Shares in EUR 2,291,803 3,465,062 -33.86% Traded Value Bonds in EUR 123,132 41,137 199.32% PARTICIPATION OF SHARES AND BONDS IN LAST WEEK’S TRADING Bonds: 5.1% FOREIGN INVESTMENTS Shares: Current Week Previous Week 94.9% FIT 60.88% 49.82% FIS 63.25% 50.28% FIB 16.73% 10.97% 2 Monday, February 25, 2013 th nd SERBIAN EQUITIES WEEKLY February 18 – 22 , 2013 Last Week’s Trading of the Most Liquid BSE Companies 3 Monday, February 25, 2013 th nd SERBIAN EQUITIES WEEKLY February 18 – 22 , 2013 4 Monday, February 25, 2013 th nd SERBIAN EQUITIES WEEKLY February 18 – 22 , 2013 Economy and Business News Economy: State 7-year Eur-bonds sold at 5.15% At the auction held last some 10 days ago, $1.5bn worth of Serbia’s Eur-bonds was successfully sold, with an oversubscription of around 200%.