The price of Croatia osiguranje shares slipped to 6300 kuna

In thin trading, the indices of the Zagreb Stock Exchange weakened today for the fourth consecutive day, with the shares of Croatia osiguranje standing out with a price loss of more than 7 percent.

The Crobex index was down 0.30 percent around noon, at 1,829 points, while Crobex10 was down 0.12 percent, at 1,029 points.

The regular trading volume amounted to 2 million kuna, which is approximately 400,000 kuna less than yesterday at this time.

– It is not surprising that trading volume is low on the stock exchange considering the time of year we are in. The Crobex indices have slipped for the fourth consecutive day. Among sectors, only shares of industrial and tourism companies are currently in the plus. Among individual winners, the shares of Liburnija Riviera stand out, while among losers is Croatia osiguranje – says Jasmin Zulić, an analyst at the investment company Credos.

In the past four days, the Crobex indices have weakened by 1.6 percent.

By noon, the most liquid was the preferred share of Adrisa, with a turnover of 507,000 kuna. Its price weakened by 0.13 percent, to 282 kuna.

Next is the share of HT, with a turnover of 396,000 kuna. Its price is stagnating around 173 kuna.

Today, there is slightly more trading in the shares of AD Plastika. Its price is up 0.35 percent, to 119.22 kuna, with a turnover of 292,000 kuna.

Among the biggest losers today is the regular share of Croatia osiguranje. After yesterday’s plunge of 8.6 percent, it slipped 7.32 percent today, to 6,300 kuna.

The Ministry of Finance announced yesterday a call for collecting non-binding offers for the acquisition of part of the shares of CO from the state portfolio and for recapitalization.

The government intends to sell part of its total 80.2 percent ownership stake in CO, ensuring that after the completion of the transaction, it retains at least 25 percent plus one share, or a maximum of 30 percent of the shares of the capital-enhanced CO.

Media reports that KPMG, the consulting firm hired by the government to assess the value of CO, determined that the company is worth 210 million euros, which means that by selling 42 percent of the company, the government could earn around 90 million euros.

Among the more liquid issues in terms of gains, the shares of Liburnija Riviera Holding stand out, having strengthened by 0.82 percent, to 2,325 kuna.