Due to the holiday season, stagnation of the Crobex and low trading volume is expected on the Zagreb Stock Exchange today, with only the most liquid issues likely to be in focus for investors. Of the 8 analysts from brokerage firms who participated in Hina’s survey, 6 expect the Crobex to continue stagnating today, while 2 expect growth.
The Crobex index rose by 0.7 percent yesterday, to 1,869 points, while Crobex10 increased by 1 percent, to 998 points. However, the regular turnover in shares amounted to only 6.6 million kuna, što je 3 milijuna manje nego u petak. "As we can see from the number of transactions and low turnover in the domestic market, summer lethargy is in full swing. The liquidity that speculators brought to the stock exchange in July has been partially used by larger investors, whether institutional or private, to liquidate their positions, so the Crobex has not managed to follow the positive trend we are witnessing on global stock exchanges. I do not expect significant movements in the Crobex today, but I hope for greater liquidity," emphasizes Ivan Bašić, portfolio manager at the investment company Trcin vrijednosnice.
Yesterday, a turnover of 2.4 million kuna was achieved only with HT shares, which slightly strengthened by 0.37 percent to 259.8 kuna."Today, I expect stagnation of the Crobex and continued trading at low volumes due to the holiday season. The focus of investors will be on the most liquid and possibly those issues for which important news will be announced today," says Nada Harambašić, chief financial analyst at Raiffeisen Consulting.
