On the Zagreb Stock Exchange, calm trading is expected on Friday, as in previous days, due to the lack of significant news to encourage investors, while after three days of continuous growth, the Crobex indices are poised for their first weekly gains after five weeks of decline.
All 5 analysts who participated in the Hina survey expect stagnation of the Crobex today.
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Crobex strengthened by 0.30 percent yesterday, to 1,793 points, while Crobex10 rose by 0.19 percent, to 1,040 points.
Thanks to the growth in the last three days, these indices are on track for their first weekly gain after five weeks of decline. Thus, Crobex is up about 0.6 percent compared to the beginning of the week, and Crobex10 about 0.7 percent.
Regular turnover in shares amounted to 3.4 million kuna yesterday, which is about 800 thousand kuna less than the day before.
“Yesterday, the Crobex indices continued their positive streak for the third consecutive day on turnover slightly below the monthly average. Among the important news, HUP-Zagreb brought a proposal for a decision to the General Assembly regarding the payment of a dividend of 10 kuna per share,” says Aleksandra Mladenović, a broker at Podravska banka.
The HUP-Zagreb share recorded a turnover of about 25 thousand kuna yesterday, with its price remaining unchanged at 3,680 kuna.
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The highest turnover, around 826 thousand kuna, was recorded yesterday by the privileged share of the Adris group, with its price remaining unchanged at 422 kuna.
Following with a turnover of about 547 thousand kuna was the HT share, whose price rose by 0.6 percent to 162 kuna.
The Atlantska plovidba share, on the other hand, increased by 2.2 percent to 560 kuna, making it the biggest winner among more liquid issues.
Meanwhile, on Wall Street, stock prices fell yesterday, due to weaker-than-expected quarterly business results from several companies, as well as pressure on the technology sector following warnings about weakening demand for smartphones.
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The Dow Jones fell by 0.34 percent, while the S&P 500 slid by 0.57, and the Nasdaq index by 0.78 percent.
“One reason is the drop in the price of Phillip Morris shares by 17.7 percent, as quarterly results were worse than expected. Despite significant market volatility in recent weeks, investors may focus on corporate earnings that have generally exceeded expectations. Today, investor focus will be on the meetings of the IMF and the World Bank in Washington, where free trade and protectionism will be discussed among other topics,” says Aleksandra Mladenović.
European stock exchanges also traded cautiously yesterday. The London FTSE index rose by 0.16, while the Paris CAC rose by 0.21 percent. The Frankfurt DAX, on the other hand, fell by 0.19 percent.
