Dioki’s Share Price Plummets Over 80 Percent

The stock index of the Zagreb Stock Exchange, Crobex, fell by 0.60 percent this week, to 1,794.06 points, while the specialized Crobex10 simultaneously rose by 0.62 percent, to 1,011.77 points. Notably, the share of Dioki stands out this week due to a significant price drop of over 81 percent.

The regular turnover of the Zagreb Stock Exchange this week amounted to a modest 37.6 million kuna, with an additional 16.5 million kuna generated through block trading of Ledo shares.

Shares of six companies recorded million kuna turnovers this week, with the highest turnover being achieved by HT shares, amounting to 11.6 million kuna. Meanwhile, the price of HT shares fell by 0.14 percent this week, to 172.50 kuna.

Ledo shares recorded a weekly turnover of 2.3 million kuna, with a price decrease of 0.19 percent, to 7,925 kuna.

The preferred shares of Adris Group increased in price by 0.37 percent this week, to 270 kuna, with a turnover of 1.9 million kuna.

AD Plastika shares achieved a turnover of 1.7 million kuna this week, with a slight price increase of 0.08 percent, to 125.60 kuna.

With a weekly turnover of 1.5 million kuna, the price of Dioki shares plummeted by 81.61 percent, to 5.15 kuna.

The exceptionally sharp decline in the price of Dioki shares followed a hearing on Thursday where Dioki’s creditors did not accept the company’s financial restructuring plan, leading to the suspension of the pre-bankruptcy settlement process, which means that Dioki is heading into bankruptcy.

Shares of Atlantska Plovidba had a turnover slightly above one million kuna this week on the Zagreb Stock Exchange, with a price decrease of a significant 9.08 percent, to 363.70 kuna.

In contrast, the price of INA shares increased by 4.70 percent this week, to 4,000 kuna, with a turnover of 935.5 thousand kuna.

Among shares with somewhat higher turnovers this week, ZIF Slavonski recorded a price increase of 2.48 percent, while Vupik increased by 7.87 percent.

However, there were more shares with price declines, with the price of regular Adris Group shares decreasing by 1.60 percent, Belje shares by 2.32 percent, Croatia Insurance by 4.60 percent, Petrokemija by 4.67 percent, Đuro Đaković Holding by 9.04 percent, and Ingra by 9.25 percent.