As in the past weeks, the Crobex index of the Zagreb Stock Exchange could today move within a narrow range, with low trading volume, as there are no news from either the domestic or global economic scene that could significantly stimulate the market.
Of the 7 analysts from brokerage firms who participated in the Hina survey, 6 expect stagnation of the Crobex today, while 1 expects an increase. The Crobex index fell by 0.31 percent yesterday, to 1,760 points, while Crobex10 decreased by 0.34 percent, to 994 points. Regular trading reached 11.4 million kuna, which is approximately 3 million less than the day before.
– In the last week or two, the Crobex has been moving between 1,750 and 1,770 points, so I do not expect any significant deviation from that range today, as trading volumes are low, and there are almost no stimulating news from the domestic economy – says Maja Bešević Vlajo, portfolio manager at Podravska banka.
Some positive sentiment may spill over to the domestic market from abroad. On Wall Street, stock indices slightly rose on Thursday, but trading was cautious as investors are unwilling to significantly change positions ahead of the employment report, as well as due to the risk of the ‘fiscal cliff’. The Dow Jones index strengthened by 0.30 percent, while the S&P 500 rose by 0.33, and the Nasdaq index by 0.52 percent.
