HT and Leda Stocks Only Ones with Million-Kuna Turnover

The indices of the Zagreb Stock Exchange oscillate today between positive and negative territory, and excluding the million-kuna turnover of Leda and HT stocks, all other issues achieved only 700,000 kuna.

During the morning, the Crobex indices oscillated between positive and negative territory. Around noon, Crobex was down 0.12 percent, at 1,894 points, while Crobex10 was down 0.22 percent, at 1,064 points.

The regular turnover amounted to 7.3 million kuna, which was three million higher than yesterday at this time.

“The indices today oscillate between positive and negative territory, and excluding the turnover of Leda and HT stocks, all other stocks achieved only 700,000 kuna,” says Siniša Gašparević, investment advisor in the Treasury and Investment Banking Sector of Splitsko-Dalmatinska Bank.

Leda stock achieved a turnover of 4.4 million kuna by noon, and its price strengthened by 0.54 percent, to 7,740 kuna. HT stock achieved a turnover of 1.52 million kuna, and its price stagnates at 220 kuna.

Among the more liquid issues, the stock of Dalekovod stands out with a price drop of 3.16 percent, while the stock of Badel 1862 stands out with a price increase of 4.73 percent.

Evaluating the performance of domestic stock indices in January, Gašparević emphasizes that it is one of the best in the world, and also one of the best in the history of the Zagreb Stock Exchange.

Since the beginning of the year, Crobex is up 8.9 percent, and Crobex10 is up 9.6 percent.

“Crobex has broken the resistance at 1,892 points in recent days, and successfully testing that level could be the foundation for its further rise. However, for that to happen, fresh money needs to continue flowing into the stock market,” notes Gašparević.

In European markets, trading is cautious, as technically speaking, markets are in overbought territory, and for new directions, investors are eagerly awaiting the announcement from today’s Fed meeting.

The London FTSE index is currently up 0.10 percent, while the Frankfurt DAX is down 0.09 percent, and the Paris CAC is up 0.10 percent.

“In foreign financial markets, the currency war continues. Both the USA and the Eurozone, as well as Switzerland and Japan, are trying to weaken the exchange rate of their national currencies or at least prevent their strengthening in order to boost and/or protect their exports. They are doing this by printing money. Since the greatest risk of inflation occurs when cash is held, there is increased demand for all asset classes, regardless of risk. Let us hope that part of that money will flow into Croatia,” concludes Gašparević.