daily report - banca intesa beograd...daily report flash dinar marginally changed against euro...

Source: Daily FX

Value Previous Change YTD Value Previous Change YTD

117.7713 117.7746 0.00% -0.36% 1.1208 1.1214 -0.05% -2.28%

105.0779 104.9872 0.09% 1.63% 1.1136 1.1146 -0.09% -1.24%

105.8048 105.5706 0.22% 0.79% 0.8994 0.8960 0.37% -2.33%

130.8570 131.3423 -0.37% -0.25% 1.2463 1.2518 -0.44% -0.77%Source: NBS 108.8600 108.7200 0.13% 0.05%

Source: Bloomberg

Source: Bloomberg Source: Bloomberg

Value Next decision Value

3.00% 11.7.2019 0.00%

Deposit facility 1.75% 2.50%

Lending facility 4.25% 0.75%

Repo operations (one week) 1.76%

Source: NBS Source: Bloomberg

9.7.2019 8.7.2019 Change (bps) 9.7.2019 8.7.2019 Change(bps)

1.83% 1.85% -0.02 -0.368% -0.368% 0.000

2.54% 2.54% 0.00 -0.389% -0.393% 0.004

2.91% 2.90% 0.01 -0.358% -0.356% -0.002

3.04% 3.04% 0.00 -0.336% -0.338% 0.002

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)

2.369% 2.379% -0.011 -0.392% -0.375% -0.017

2.341% 2.338% 0.003 -0.288% -0.271% -0.017

2.257% 2.257% 0.000 0.080% 0.101% -0.021

-0.811% -0.813% 0.001 0.000% 0.000% 0.000

-0.746% -0.748% 0.002 0.000% 1.815% -1.815

-0.702% -0.706% 0.003 0.000% 1.973% -1.973

Sources: ICE, Bloomberg Sources: IBA, Bloomberg

Overall trading at the Belgrade Stock Exchange RSD 12,7mln (EUR 0,1mln). No bonds trading.

Serbian Public Debt Agency sold 7y T-bonds in the amount RSD 23 bln, yield 3.59%.

Euro little changed against dollar. Trading at $1,123.

U.S. equities ended the day mixed. S&P 500 rises 0.1%, Dow Jones down 0.1%, Nasdaq Composite up 0.5%.

European stocks dropped. FTSE 100 down 0.2%, DAX down 0.9%, CAC 40 down 0.3%.

Oil up (WTI $57,8; Brent $64,2). Gold little up ($1398).

Financial Market Analysis

Treausury and ALM department

DAILY REPORT

Flash

Dinar marginally changed against euro (117,7713). National Bank of Serbia bought EUR 25 mln at the forex interbank market.

Bank of the Group

July 10, 2019

Key events

TimeCountry/

RegionEvent Period Previous Forecast

20:00 USA

FX rates and money market

FX rates on domestic market International markets

Currency Currency

FOMC Meeting Minutes jun.19

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

United Kingdom (BOE) 1.8.2019

Serbia - Interbank interest rates Serbia Europe - Interbank interest rates - Europe

Next decision

Key policy rate Eurozone (ECB) 25.7.2019

US (FED) 31.7.2019

BELIBOR 6M EURIBOR6M

Libor interest rates Interest rate Swap

Libor 1M (USD) EURIBOR ISDA 3Y FIXING

BEONIA EONIA

BELIBOR1M EURIBOR1M

BELIBOR3M EURIBOR3M

Libor 3M (CHF) USD ISDA 5Y FIXING





1.11

1.115

1.12

1.125

1.13

1.135

1.14

1.145

1.15EUR/USD

0

10

20

30

40

50

60

117

118

119

120

121

122EUR mio EUR/RSD

Turnover on FX market (right axis)

http://www.bancaintesa.rs/code/navigate.aspx?Id=1

Date Currency

Source: Public Debt Management Agency

Moody's S&P Fitch

Ba3 BB BB

Outlook Stable Positive Stable

Date 17.3.2017 14.12.2018 15.12.2017 Sources: Bloomberg, JPMorgan

Source: Bloomberg

Date Value Previous Date Value Previous

04.02.2016 2.75% 2.79% 21.05.2018 0.45% 0.47%

02.03.2017 2.64% 2.65% 27.05.2019 0.84% 1.00%

07.02.2017 3.48% 3.49% 18.06.2019 1.15% 1.23%

24.10.2017 4.05% 4.65% 20.06.2019 1.48% 1.68%

11.06.2019 3.39% 3.63% 11.06.2018 2.50%

05.02.2019 4.00% 3.74% 16.01.2019 3.25% 3.50%

09.07.2019 3.59% 4.37% 06.02.2019 3.60% 4.20%

07.08.2018 4.80% 4.85% Source: Public Debt Management Agency

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 7y 2020 2.885% 2.822% 0.785%

Serbia 10y 2021 2.732% 2.716% 2.732%

Srbija 10g 2029 1.442% 1.425%Source: Bloomberg

Izvor: Bloomberg

Source: Bloomberg

Fixed income

Scheduled auctions

RSD Government securities EUR Government securities

Instrument Value

No scheduled auctions for today

Serbia Credit rating

2 years 5 years

3 years 7 years

5 years 10 years

Maturity

3 months 53 weeks

6 months 2 years

53 weeks 3 years

Maturity

7 years

10 years

24 month amortizing

Serbian Eurobonds yields (USD)

15 years

60

80

100

120

140

160

180

200

bps JP Morgan EMBI Srbija

2.2

2.7

3.2

3.7

4.2

4.7

105

106

107

108

109

110

111

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 7y 10y 15y

2

Source: Belgrade Stock Exchange

Source: Belgrade Stock Exchange Source: Belgrade Stock Exchange

Sourc: Bloomberg

KMBN 3,489 404,724 2.89% 11.86% 0.84 14.08 6.61

AERO 840 14,280 -0.94% 1.45% 1.15 8.43 14.52

RMKS 2,640 496,320 0.00% 0.00% 2.14 27.90 7.97

PPVA 1,280 192,000 0.00% 0.00% #N/A N/A #N/A N/A #N/A N/A

TLKB 10,000 170,000 0.00% -0.01% 0.76 #N/A N/A -31.91

NIIS 681 121,899 -0.29% -0.58% #N/A N/A #N/A N/A #N/A N/A

PMNI 748 97,240 0.00% -21.26% 0.65 #N/A N/A -3.36

JMBN 7,299 36,495 0.00% 17.52% 0.42 #N/A N/A -11.39

VPDU 10,844 21,688 0.00% -0.51% 1.36 6.49 1.81

NEKS 944 20,768 0.00% -21.33%#N/A Field Not Applicable#N/A Field Not Applicable#N/A Field Not Applicable

DNOS 1,744 19,184 0.00% 1.22% #N/A N/A #N/A N/A #N/A N/A

PRGS 41 13,899 0.00% -21.15% #N/A N/A #N/A N/A #N/A N/A

Sources: Belgrade Stock Exchange; Bloombeg

-0.01%

0.18%

-0.75%

0.35%

-1.56%

Source: Bloomberg

crobex sbi20


sofix bet-c

Izvor: Bloomberg Izvor: Bloomberg


dj balkan

Source: Bloomberg

Belgrade Stock Exchange

Value Previous value Change YTD

Belex 15 755.19 746.79 1.12% -1.96%

Belex line 1,575.58 1,545.75 1.93% -2.74%

Ratios P / B P / EBelex15 0,62 2,65

Turnover 12,666,079 RSD 68,740,829 RSD -81.57%Source: Belgrade Stock Exchange

107,545 € 583,696 € -81.58%

The most traded stocks on Belgrade Stock Exchange from the previous day

Company Ticker Price RSDTurnovor

RSD

Daily

change

Weekly

change

KOMERCIJALNA BANKA AD BEOGRA 58,677,848,484 Din.

AERODROM NIKOLA TESLA AD BEO 29,421,948,360 Din.

RIMEX AD BEOGRAD 352,933,680 Din.

P/BV P/E ROE Market capitalization

POMORAVLJE AD NIS 274,755,360 Din.

JUBMES BANKA AD BEOGRAD 2,104,520,670 Din.

VP DUNAV AD BACKA PALANKA 110,782,304 Din.

PREDUZECE ZA PUTEVE VALJEVO 258,437,120 Din.

TELEFONKABL AD 323,000,000 Din.

NIS AD NOVI SAD 111,044,132,400 Din.

Regional stock exchanges

Index Country/Region ValueValue from the previous

dayChange YTD

NIS EKSPRES 472,971,376 Din.

DUNAV OSIGURANJE AD 7,370,355,024 Din.

PROGRES AD BEOGRAD - U RESTR 250,879,656 Din.

Crobex Hrvatska 1,885.44 1,885.55 2.31%

SBITOP Slovenija 890.49 888.93 10.41%

SOFIX Bugarska 578.63 582.98 -14.59%

BET Rumunija 8,908.81 8,877.53 14.90%

DJ Stoxx Balkan 50 Balkan 461.00 468.32 -2.09%

1,650

1,700

1,750

1,800

1,850

1,900

1,950

CROBEX

500

550

600

650

700

750

SOFIX

6,500

7,000

7,500

8,000

8,500

9,000

9,500

BET

300

400

500

600DJ Stoxx Balkan 50

650

670

690

710

730

750

770

790 Belex 15

-0.94%

-0.29%

0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

2.89%

AERO NIIS ENHL TGAS MTLC FITO JESV ALFA KMBN

Daily change of Belex 15 members

1,400

1,600

1,800Belex line

700

750

800

850

900

950

SBITOP

3

Source: Bloomberg

dow jones s&p



nasdaq dax



nikkei dj stoxx





Source: Bloomberg

Snežana Topalović 201-1400 Snežana Spasojević 201-3621Vladimir Gavović 201-1263 Dragomir Milin 201-3622Nikolina Guteša 201-1400 Biljana Radosavljević [email protected] [email protected]

Darko Karanović 201-3624

Boban Todorović 201-3627Dragan Ignja 201-3626

[email protected]

Index Country/Region Value Previous value Change YTD

World stock exchanges

S&P 500 US 2,979.63 2,975.95 0.12% 11.45%

Dow Jones Industrial US 26,783.49 26,806.14 -0.08% 8.35%

DAX Germany 12,436.55 12,543.51 -0.85% -3.72%

NASDAQ US 8,141.73 8,098.38 0.54% 17.94%

Dow Jones Stoxx 600 EU 387.92 389.90 -0.51% -0.32%

FTSE UK 7,536.47 7,549.27 -0.17% -1.97%

ContactFinancial Market analysis Customer execution office (fixed income)

Dealing

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 21,565.15 21,534.35 0.14% -5.27%

20,000

21,000

22,000

23,000

24,000

25,000

26,000

27,000

28,000Dow Jones Industrial

2,200

2,300

2,400

2,500

2,600

2,700

2,800

2,900

3,000

3,100

S&P 500

5,800

6,000

6,200

6,400

6,600

6,800

7,000

7,200

7,400

7,600

7,800

8,000

8,200

8,400NASDAQ Composite

320

330

340

350

360

370

380

390

400

410DJ Stoxx 600

17,000

18,000

19,000

20,000

21,000

22,000

23,000

24,000

25,000

Nikkei 225

\

10,000

11,000

12,000

13,000

14,000DAX

35

45

55

65

75

85

95Oil Brent (USD/bbl)

1,100

1,150

1,200

1,250

1,300

1,350

1,400

1,450Gold

\

5

10

15

20

25

30

35

40 Vix Index

4

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daily report - banca intesa beograd...daily report flash dinar marginally changed against euro...

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