Agrobanka sells its stake in AIK Banka?

Agrobanka continues with plunges

World markets swung from red to green zone amid the uncertainty about the talks between private creditors and Greek officials and EU summit scheduled for Jan. 30.

The Belgrade Stock Exchange saw heavier turnover supported by a huge trade in stocks in AIK Banka. Total turnover was RSD 152.98m, 33% greater than on Friday. The Belex15 Index was flat and finished the session at 475.36.

The largest trade was experienced by AIK Banka worth RSD 116.4m. According to market speculations, the seller was Belgrade-based Agrobanka that sold 76,775 stocks. The stock price was weaker almost 2% to RSD 1,500.

Galenika Fitofarmacija saw RSD 10.25m worth trading value amid the fall in market cap of 2.53%. The price closed at RSD 1,852. Credy banka enjoyed unusually heavy turnover of RSD 6.4m and the price leveled out at RSD 1,600.

NIS had RSD 6.16m in turnover and the price slid 0.17%. It closed at RSD 585. The largest Serbia’s dairy Imlek recorded new rise of 1.35% to RSD 2,548 amid trading value worth RSD 3m.

Agrobanka tanked 8.89% to new all time low level of RSD 1,343 amid turnover RSD 2.96m.

On Tuesday Serbia is selling 5-year notes at the coupon rate of 10%. Current key rate is 9.50%, and was lowered by the NBS by 0.25 percentage points last week.