HT stock closed its first trading day with a jump of 44%

No stock this week was likely as interesting as HT’s, which closed its first trading day on the stock exchange with a jump of 44%. A total of 238 million kuna was traded at an average trading price of 390 kuna. The highest price achieved during the day was 419 kuna per share.

The first week of October started optimistically for the Zagreb Stock Exchange: Crobex rose by 2.75% to close at 5,176 points. Twenty-three stocks rose, while seven fell. The top three Crobex stocks were Atlantska plovidba (up 14%), Dalekovod (+ 11%), and Viadukt (+ 8.85%), while Uljanik plovidba (down 18.5%), Ericsson Nikola Tesla (- 2.3%), and Dom Holding (- 3.28%) together deducted 27 points from the index.

However, no stock this week was likely as interesting as HT’s, which closed its first trading day on the stock exchange with a jump of 44%. A total of 238 million kuna was traded at an average trading price of 390 kuna. The highest price achieved during the day was 419 kuna per share. The spectacular jump was not unexpected for the best Croatian company: the market capitalization of the T-HT group today is 31 billion kuna, while that of Ina is 28 billion kuna. HT stock is not yet a member of the Crobex index.

The second highest turnover of the week was achieved by Jadroplov – 22 million kuna, with a price increase of 5.18%, or seven percent on a weekly basis, while stocks of Atlantska plovidba and Dalekovod achieved turnover greater than 10 million kuna in one day. Today also concluded the subscription for the second IPO, much smaller than HT’s – Pliva’s Veterina d.d., which is led by Raiffeisen Bank and is primarily intended for employees, strategic, and institutional investors. The price will be determined on Monday, and the value of the IPO is set at a maximum of 100 kuna per share or 180 million kuna.
The week also ended optimistically for the surrounding stock exchanges: the Austrian ATX index rose by 6.42%, the Romanian BET by 5.83%, and the Bulgarian Sofix by 5.7%. Only the Hungarian and Slovenian stock exchanges suffered minor losses.