Increase in the Price of Badel 1862 Due to Commencement of Due Diligence

The stock indices of the Zagreb Stock Exchange continue to rise for the third consecutive day, with Crobex increasing by 0.97 percent today, reaching 1,845.67 points, while the specialized index Crobex10 rose by 0.59 percent to 1,032.60 points.

The last time Crobex was at this level was in mid-April last year, and Crobex10 at the end of September 2011. The regular turnover on the Exchange today amounted to 14.4 million kuna, with four stocks recording million kuna turnovers. The largest percentage increase in price was recorded by the stock of Badel 1862, rising by 8.50 percent to 43.40 kuna, with a turnover of 833.9 thousand kuna. Badel reported that potential bidders who have obtained the right to purchase the tender documentation in accordance with the Government’s decision on the sale of 65.84 percent of the company’s share capital owned by the state have today commenced a due diligence review of the situation at Badel.

The highest turnover, close to 1.5 million kuna, was achieved by HT shares, whose price increased by 0.25 percent to 211.06 kuna. This was followed by Ledo shares with a turnover of 1.2 million kuna and a price drop of 0.77 percent to 7,715.03 kuna. The price of preferred shares of the Adris group fell by 0.37 percent to 269 kuna, with a turnover of 1.16 million kuna. The price of shares of Ericsson Nikola Tesla increased by 1.25 percent to 1,460 kuna with a turnover of 1.1 million kuna.

The price of Atlantic group shares increased by 6.67 percent to 640 kuna, with a turnover of 849.6 thousand kuna. Among the more traded shares, price increases of over one percent today were achieved by Končar EI shares by 1.23 percent, Podravka by 1.57 percent, Viadukt by 1.99 percent, Dalekovod by 3.23 percent, Petrokemija by 3.31 percent, Zvijezda by 3.68 percent, Ingra by 4.34 percent, and Arenaturist by 8.24 percent. Conversely, price drops among the more traded shares were recorded by Vupik shares by 0.14 percent, Belje by 0.18 percent, Zagrebačka banka by 0.37 percent, Luka Rijeka by 0.57 percent, and Dioki by 3.68 percent.