Today, uncertain trading is expected on the Zagreb Stock Exchange, with investors focusing on the financial results of domestic companies and macroeconomic data, while global stock prices are declining.
Of the 7 analysts from brokerage firms who participated in the Hina survey, 4 expect stagnation of the Crobex today, 2 expect a decline, and 1 expects an increase.
The Crobex index rose by 0.76 percent yesterday, to 1,930 points, while the Crobex10 increased by 0.35 percent, to 1,082 points. Regular trading volume amounted to 24.5 million kuna, which is almost double compared to the previous day.
The highest turnover was achieved by the shares of Ericsson Nikola Tesla, amounting to 5.4 million kuna. Its price weakened by 1.07 percent, to 1,480 kuna.
The company reported a net profit of 126.9 million kuna last year, which is 353 percent higher than in 2001. The Management and Supervisory Board proposed a dividend payout totaling 170 kuna, the same as last year, with 20 kuna as regular and 150 kuna as extraordinary dividend per share.
“In yesterday’s trading, a remarkable turnover was achieved by the shares of Ericsson Nikola Tesla, which was primarily in focus due to the dividend. In the coming months, until the general assembly scheduled for May 28, we can expect intensified trading of this stock,” says Tamas Nagy, a broker at Erste&Steiermaerkische Bank.
After yesterday’s rise of the Crobex, Nagy expects market stabilization today.
“Today, I expect stagnation of the Crobex. Declines on foreign exchanges should not significantly affect investor sentiment in the domestic market, as they are focused on the financial reports of domestic companies and the further development of the economic situation in the country,” Nagy notes.
