ZSE: Weak regular turnover, Crobex continues to decline

Regular turnover of shares on the Zagreb Stock Exchange on Friday did not reach even two million kuna, and the Crobex indices are down by 0.35 percent, reaching new lowest levels in the last 20 months.

The Crobex index has fallen for the third consecutive day, decreasing by 0.35 percent to 1,782.45 points, marking its lowest level since August 8, 2016, when it closed at 1,780.90 points.

>>>ZSE: Crobex at the lowest levels since August 2016

Crobex10 is down for the fourth consecutive day, also falling by 0.35 percent today to 1,033.69 points, the lowest level since August 16, 2016, when it closed at 1,032 points.

The main stock indices continue their negative streak on a weekly basis, marking the fifth consecutive week in the red. Compared to the end of last week, Crobex has fallen by 1.05 percent, while Crobex10 has decreased by 1.19 percent.

Trading on Friday was also characterized by extremely low liquidity – the regular turnover amounted to only 1.92 million kuna, with around 40 shares traded, of which only five managed to collect more than one hundred thousand kuna in turnover.

Thus, with a turnover of 374.7 thousand kuna, the most traded was the share of Zagrebačka banka, whose price increased by 1.38 percent to 58.80 kuna.

The HT share was traded for 142.7 thousand kuna, with a price increase of 0.31 percent to 161.50 kuna.

>>>ZSE: Decline in turnover and Crobex

In terms of turnover, which amounted to 135.4 thousand kuna, the shares of Tehnika follow, which are also the biggest losers of the day with a price drop of 10 percent to 126 kuna.

Only two tourism shares had more than one hundred thousand kuna in turnover – the share of Maistre at 129.3 thousand kuna, and Valamar Riviera at 114.9 thousand kuna. While the price of Maistre’s share fell by 0.66 percent to 300 kuna, Valamar’s share stagnates at 39.80 kuna.

The price of the shares of Ina remained stagnant at 3,260 kuna, Podravka at 261 kuna, and the regular share of Adrisa at 492 kuna. Among these shares, Ina had the highest turnover of 88 thousand kuna, while Podravka had the lowest at 65 thousand kuna.

Among the larger gainers today are the shares of Atlantska plovidba with a price increase of 1.98 percent to 516 kuna, with a turnover of 57 thousand kuna, while the largest price increase was recorded by the share of the Institute IGH, up by 9.03 percent to 169 kuna, but with a modest turnover of only 17 thousand kuna.

>>>ZSE: Index growth with modest turnover

Among the larger losers are the shares of Đuro Đaković group, with a price drop of 2.03 percent to 14.50 kuna, and they had a turnover of 55 thousand kuna.

Đuro Đaković group announced today via the Stock Exchange that the company Đuro Đaković Industrial Solutions, which is majority-owned by the Slavonski Brod group, has called a general assembly for May 22, where a decision will be made regarding the increase of the share capital, through the contribution of rights by the Đuro Đaković group, excluding the preemptive rights of other existing shareholders in the subscription of new shares. Thus, by contributing rights from the Đuro Đaković group, the share capital of Đuro Đaković Industrial Solutions would be increased by almost 160 million kuna, from the current 30.45 to 190.45 million kuna.