ZSE: Crobex Increased for the Fourth Consecutive Week, Trading Volume Increased

With an increase in trading volume, the stock indices of the Zagreb Stock Exchange significantly rose last week, with Crobex increasing for the fourth consecutive week, and the industrial sector being the biggest gainer.

The Crobex index rose by 1.73 percent last week, to 2,092 points, strengthening for the fourth consecutive week. Crobex10 gained 2.21 percent, finishing the week at 1,262 points.

On Tuesday alone, the indices jumped by more than two percent, briefly returning to levels above those recorded on February 24, when the Russian invasion of Ukraine began, thanks to investor optimism following peace negotiations between representatives of Ukraine and Russia in Turkey.

All sector indices were in the green last week, with the industrial sector leading with a gain of 5.33 percent.

Regular trading volume amounted to 42.9 million kuna, which is about 10 million kuna more than the previous week. Additionally, a block trade of 2.66 million kuna was executed for the shares of Končar EI, at a price of 885 kuna per share.

In regular trading, the most liquid stock was HT, with a turnover of 5.13 million kuna. Its price strengthened by 0.26 percent, to 190.5 kuna.

Following was the stock of Podravka, with 3.58 million kuna in turnover and a price stagnation at 620 kuna.

The stock of Atlantska plovidba traded for 3.38 million kuna, and its price jumped by 3.83 percent, to 461 kuna.

Significant trading also occurred with the stocks of AD Plastika, Maistre, and Valamar Riviera, each achieving over three million kuna in turnover. The stock of AD Plastika increased by 4.08 percent, to 102 kuna, Valamar by 3.17 percent, to 32.5 kuna, and Maistre by 1.33 percent, to 304 kuna.

Among the more liquid stocks, the biggest gainer was Jadroplov, with a price jump of 6.54 percent, to 57 kuna. This shipping company reported on Wednesday that it has signed a cargo transport contract with the Zagreb company Centar za reciklažu for a period of five years, with an expected annual income of 10 million US dollars, or a total of 50 million dollars.

On the other hand, the stock of Optima Telekom saw the largest drop, falling by 30.19 percent, to 3.7 kuna.

Among important stock market news, trading began on Wednesday for the newly listed stock of the tourism company Mon Perin, which achieved nearly 3 million kuna in turnover by the end of the week, with its price increasing by 1.2 percent, to 42 kuna.

In the domestic capital market, a total of 64 stocks were traded last week, of which 32 recorded a price increase, 19 a decrease, and 13 stagnation.