Among the bigger losers is the preferred share of Adris

Today, a calm trading session is expected on the Zagreb Stock Exchange, as there are no news to stimulate stronger investor activity, and so far, the positive effect of entering the EU is also absent.

Of the 8 analysts from brokerage firms who participated in the Hina survey, 6 expect stagnation of the Crobex today, while 2 expect an increase.

Crobex weakened by 0.37 percent yesterday, to 1,781 points, while Crobex10 fell by 0.22 percent, to 1,003 points.

Regular trading in shares amounted to 5.8 million kuna, which is approximately 4 million less than the previous trading day.

The only share with a million kuna turnover was HT’s share, which strengthened by 0.62 percent, to 177.30 kuna.

Among the bigger losers is the preferred share of Adris, whose price weakened by 2.01 percent, as it has been traded without the right to participate in the dividend payout of 7 kuna per share since yesterday.

“Stagnation of the Crobex remains likely as there are no news to stimulate stronger investor activity. So far, the positive effect of entering the EU, which some investors expected, is also absent. However, considering the economic situation in which the EU finds itself, this is not surprising,” says Tamas Nagy, a broker at Erste&Steiermaerkische Bank.

Investors are mainly focused on the usual most liquid issues, primarily HT, whose price has started to recover, adds Nagy.

On Wall Street, stock prices rose for the second consecutive day on Tuesday as investors hope that after weak economic data from the US, the Fed will not soon begin to reduce stimulative monetary measures.

The Dow Jones index strengthened by 1.02 percent, to 14,910 points, while the S&P 500 rose by 0.96 percent, to 1,603 points, and the Nasdaq index by 0.85 percent, to 3,376 points.

The rise in stock prices followed a revised figure that US gross domestic product grew by 1.8 percent in the first quarter, significantly less than the 2.4 percent indicated by the previous estimate.

This data is not particularly encouraging, but analysts believe it could delay the Fed’s decision to reduce stimulative monetary programs, given that the central bank has indicated it will begin to reduce them only when the economy is strong enough.

As a result, stock prices on Asian exchanges also rose this morning for the second consecutive day. Additionally, investors were reassured by the improvement in the situation on the Chinese interbank market, where interest rates fell for the fifth consecutive day after reaching record levels last week.

On European exchanges, after two days of strong recovery in stock prices, the main indices are stagnating this morning.

“In the last two days, sales on foreign exchanges have calmed down, and the main stock indices are recovering. Investors are primarily monitoring news related to monetary stimulus in the US, especially after the release of the final data on US GDP in the first quarter,” emphasizes Nagy.

Despite this, he notes, price instability on the exchanges will be heightened.

“In July, price instability could further increase as the season for the release of financial reports for the second quarter begins,” assesses Nagy.

From today’s macroeconomic announcements, data from the German and US labor markets and revised data on British GDP are expected.