Crobex indices of the Zagreb Stock Exchange ended trading in negative territory last week for the second week in a row, as investors await the release of financial reports from domestic companies that should provide them with new guidance. The Crobex index fell by 0.65 percent last week, to 1,959 points, while Crobex10 dropped by 1.55 percent, to 1,131 points.
Although they fell for the second consecutive week, both indices have recorded significant gains since the beginning of the year – Crobex by nearly 16 percent, and Crobex10 by more than 14 percent. Regular trading in shares amounted to 71.4 million kuna last week, which is about 22 million more than the week before.
Additionally, a block transaction of Atlantic Group shares generated another 2.2 million kuna, at a price of 965 kuna per share. The highest turnover, 13.6 million kuna, was achieved with HT shares, which decreased by 0.62 percent, to 160 kuna. Significant turnover was also recorded with the preferred shares of Adris, amounting to 12.9 million kuna, with a price drop of 2.6 percent, to 450 kuna. Slovenian media reported on Friday that the local insurance regulator rejected Adris Group’s request to approve an increase in its ownership stake in the second largest Slovenian insurer Sava Re above 20 percent. Adris Group, together with its affiliated companies, holds just under 20 percent of the shares of this Slovenian insurer, and it sought permission from the Slovenian Insurance Supervisory Agency to increase its ownership stake to 33 percent. The regular shares of Adris recorded a price drop of 0.17 percent, to 590 kuna, with a turnover of 2.7 million kuna.
