ZSE: Crobex Indices at Highest Level Since March 2017

At the Zagreb Stock Exchange today, the Crobex indices reached their highest level since March 2017 and are on track for double-digit gains since the beginning of this year. The Crobex index rose by 0.83 percent on Wednesday, to 2,076 points, strengthening for the sixth consecutive day. At the same time, Crobex10 increased by 0.7 percent, to 1,261 points, achieving a gain for the third consecutive day.

Both indices have thus reached their highest levels since March 2017. Additionally, both indices are on track for significant gains since the beginning of the year – Crobex is currently up 19.4 percent, while Crobex10 is up 16 percent. All sector indices rose on Wednesday, with the construction sector leading the way, up 1.37 percent.

Regular trading volume amounted to 5.6 million kuna, which is approximately 900 thousand more than the previous trading day. The only stock with a million kuna turnover was Valamar Riviera, which achieved 1.52 million kuna. Its price reached 33 kuna, which is 2.17 percent higher than the day before.

Following is the HT stock with a turnover of 883 thousand kuna, and its price strengthened by 0.27 percent, to 185 kuna. Significant turnover was also achieved by the Atlantska plovidba stock, 780 thousand kuna, with its price rising by 1.93 percent, to 370 kuna.

Investor attention was drawn to today’s announcement from Končar Elektroindustrija that Končar-Electric Vehicles and the Zagreb Electric Tram (ZET) signed a framework agreement for the repair and maintenance of low-floor trams of series 2200 and 2300, with a total value of 129.9 million kuna. The price of Končar Elektroindustrija shares rose by 1.15 percent, to 880 kuna, and with a turnover of 506.5 thousand kuna, it was also among the 10 most liquid issues.

In business news, in a statement to Hina, the director of corporate communications of the Adris Group, Predrag Grubić, stated that the group plans to invest 3.2 billion kuna by 2024, of which 80 percent or 2.5 billion kuna will be in the tourism sector. The regular shares of Adris decreased by 0.43 percent, to 460 kuna, with a turnover of 236 thousand kuna, while the preferred shares increased by 0.24 percent, to 418 kuna, with a turnover of 23.3 thousand kuna.

Among the more liquid stocks, the Čakovečki Mlinovi stock rose the most, by 3.23 percent, to 80 kuna, while there were no significant price declines. A total of 37 stocks were traded on the ZSE today, with the price of 20 rising, 10 falling, and 7 remaining unchanged.