Crobex strengthened, Ingra stock jumped 14 percent

The indices of the Zagreb Stock Exchange strengthened today for the third consecutive day, with the most trading occurring in Ingra stock, which is also the biggest winner with a price jump of 14 percent.

The Crobex index was up 0.46 percent around noon, at 1,849 points, while Crobex10 was up 0.61 percent, at 1,045 points.

Regular trading in stocks reached 4.14 million kuna, which is approximately one million kuna less than yesterday at this time.

“There are still no significant activities in the domestic market. The focus of investors today is on Ingra stock, after its business accounts were unblocked on Friday. Among the important announcements this week that could provide guidance to investors, we expect data on industrial production tomorrow, and on Wednesday, retail trade for July,” emphasizes Nikolina Medić, financial analyst at Zagrebačka banka.

The most liquid stock is Ingra, with a turnover of 1.34 million kuna by noon. Its price jumped 14 percent to 4.15 kuna, making it the biggest winner.

Following is the stock of Luka Ploče, with a turnover of 525,000 kuna and a price increase of 2.11 percent to 510 kuna.

The price of HT stock also slightly strengthened by 0.27 percent to 183 kuna, with a turnover of 438,000 kuna.

Among the more liquid issues, along with Ingra, the biggest price increases were also recorded by Dalekovod and IGH stocks, approximately by 9 percent.

Among the few losers, the stock of Belje stands out, with a price drop of 2.17 percent.

At the same time, stock prices on European exchanges also rose today, supported by encouraging Chinese indicators showing that industrial activity in the world’s second-largest economy increased at the fastest rate in over a year in August.

The London FTSE index rose 0.32 percent around noon, the Frankfurt DAX 1.59 percent, and the Paris CAC 1.61 percent.

“After negative movements in global markets last week influenced by events in Syria, today European and Asian markets rose, primarily due to the unexpected increase in industrial activity in China, which alleviated investors’ concerns that the Chinese economy might slow down,” notes Medić.

In addition to the situation in Syria, their focus this week will be the employment report in the U.S. for August, which will be released on Friday, concludes Medić.