The Prices of Kraš and Vupik Have Fallen the Most

After Crobex strengthened by more than one percent yesterday, profit-taking sales prevailed today on the Zagreb Stock Exchange, with the prices of Kraš and Vupik shares falling the most.

Around 12:00 PM, Crobex was down 0.83 percent, at 1,966 points, while Crobex10 was down 0.79 percent, at 1,095 points.

Regular trading amounted to 8.6 million kuna, which is 2.4 million less than yesterday at this time.

“After yesterday’s strong growth, today’s downward correction of Crobex is actually a healthy market movement. The stock of Valamar remains the main focus for investors as they await the intensification of financial report announcements from domestic companies,” says Nigela Bubalo, broker and member of the Management Board of the investment company Credos.

The Valamar Adriatic stock recorded a turnover of 1.65 million kuna. After rising by 50 percent since the beginning of the year, its price fell by 1.74 percent today, to 158.5 kuna.

Next is Kraš stock, with a turnover of 884,000 kuna. Its price plummeted by 5 percent, to 400 kuna.

Among the most liquid issues, only the stock of Đuro Đaković Holding recorded a price increase of 0.56 percent, to 86 kuna. The stock of HT, on the other hand, weakened by 0.71 percent, to 215.36 kuna. Among the larger losers, the stock of Arenaturist stands out, with its price declining by 5.13 percent.

Agrokor’s issues, which saw price increases yesterday, are recording price declines today. Thus, the price of Vupik stock fell by 4.07 percent, Belje by 2.69 percent, Tisak by 1.45 percent, and Ledo by 1.05 percent.

Meanwhile, the Adriatic Oil Pipeline (Janaf) reported that it achieved a net profit of 96.8 million kuna last year, which is 57.7 percent higher compared to the previous year.

The total revenues of the company reached 487.6 million kuna during that period, which is 9.6 percent higher compared to 2011.

This is the result of higher realization of other business and financial revenues than planned. Revenues from Janaf’s core activity – the transport and storage of oil and oil derivatives – amounted to 395.6 million kuna and are down by 2.2 percent compared to the previous year. The price of Adriatic Oil Pipeline stock strengthened by 1.89 percent, to 2,700 kuna.