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INA Stock Reaches 3,205 Kuna

The indices of the Zagreb Stock Exchange are in slightly positive territory today, following the rise of key European indices, with most trading concentrated on INA stock, which has reached a price of 3,205 kuna.

The Crobex index was up 0.48 percent around noon, at 2,121 points, while Crobex10 strengthened by 0.45 percent, reaching 1,159 points. Regular trading in shares reached 18 million kuna.„Domestic stock indices started the year in slightly positive territory, following movements in European markets. The focus of investors is on INA stock, which accounted for the majority of trading“, says Davor Špoljar, an analyst at the investment company Erste Securities. More than 15 million kuna was traded in INA shares, with the price strengthening by 0.8 percent to 3,200 kuna. During trading, it reached 3,205 kuna – the highest level since May 2007.

Among the millionaires, HT stock also made the list, with a trading volume of 1.16 million kuna. Its price strengthened by 0.2 percent to 290 kuna, što je njezina najviša razina od 20. travnja prošle godine. Among the more liquid issues, Petrokemija and Vira stocks stand out in terms of gains. Petrokemija shares rose by about 4 percent to 172 kuna, with a trading volume of 315,000 kuna. At the same time, Vira shares strengthened by 4.3 percent to 375 kuna, with a trading volume of 250,000 kuna. The largest price increase was recorded by Magma shares, which rose by 7.5 percent to 28.98 kuna, but with low trading volume of only 72,000 kuna.

Among the biggest losers is Ingra stock, whose price weakened by 1.8 percent to 16.4 kuna, with a trading volume of 131,000 kuna. On European exchanges, stock prices rose sharply on the first trading day of this year, thanks to a strong surge in industrial activity in Eurozone member states. The PMI index of industrial activity in the Eurozone rose in December for the third consecutive month and is at its highest level in the last 8 months. The Frankfurt DAX, Paris CAC, and Milan FTSE MIB indices are currently up between 1 and 3.8 percent. (H)