Strengthening Stock Prices of T-HT and Ericsson Nikola Tesla

The increase in the index on the Zagreb Stock Exchange today is primarily attributed to the strengthening of stock prices that offer generous dividends, as well as significant trading volume of shares of Zagrebačka pivovara.

The Crobex index at 12:00 PM stood at 2,153 points, što je 0,34 percent higher than the previous trading day, while Crobex10 reached 1,165 points, recording a gain of 0.59 percent. The regular trading volume was 44.3 million kuna, što je 36 million more than on Thursday. “The most attention on the domestic market today is drawn to the shares of Zagrebačka pivovara, which accounted for as much as three-quarters of the regular trading volume, likely related to the company’s expressed intention to withdraw shares from the market. The increase in stock indices is primarily due to the strengthening of stock prices of T-HT and Ericsson Nikola Tesla, which may be in greater focus for investors in the coming days due to dividends. The rest of the market is relatively calm,” emphasizes Danijela Sporiš, broker and investment advisor at the investment company Credos.

The highest trading volume so far has been achieved by the shares of Zagrebačka pivovara, amounting to 34 million kuna, with its price unchanged compared to the previous week, standing at 3,791.3 kuna. The next most liquid is the stock of T-HT, which recorded a trading volume of 3.3 million kuna, with its price strengthening by almost one percent, to 326 kuna. The preferred shares of Adrisa are close to a million kuna in trading volume, with 947,000 kuna achieved. Its price strengthened by 1.72 percent, to 293 kuna. Among the more liquid issues, the price of Validus shares jumped the most, by 18 percent, to 27 kuna, with a trading volume of 518,000 kuna. During the morning, the stock was also in positive block. The price of Ericsson Nikola Tesla shares also significantly increased, by three percent, to 1,545 kuna, with a trading volume of 247 thousand kuna. (H)