Stagnation of Crobex Expected at Record Levels

On the Zagreb Stock Exchange, stagnation of the Crobex index at record levels is expected on Wednesday, as was the case the day before, and it remains to be seen whether trading will also remain at elevated levels.

All analysts who participated in the Hina survey today expect stagnation of the Crobex.

The Crobex index strengthened slightly by 0.08 percent on Tuesday, reaching 3,008 points, achieving a new record level. The Crobex10, on the other hand, strengthened by 0.02 percent, reaching a record 1,884 points.

Among sector indices, the Crobexkonstrukt rose the most, by 2.43 percent, while the Crobexturist fell the most, by 0.35 percent.

Regular trading in shares reached 4.5 million euros, which is 740,000 more than the day before.

The total turnover was boosted by a block trade of 298,000 euros in the preferred shares of Adrisa, priced at 59.6 euros per share.

“For weeks, the stock market has been very calm, trading has been sparse, and Crobex has recorded small movements, but in recent days the market has suddenly revived. Crobex has risen sharply and reached record levels. Turnover has also significantly increased, primarily due to trading in HT shares, including purchases for the treasury,” says Roman Rinkovec, a broker at the investment company Credos.

The highest turnover was achieved yesterday with HT shares, amounting to 3.3 million euros, with a price increase of 1.77 percent to 34.5 euros, making it the largest gainer among liquid stocks.

Following in liquidity was the Podravka share, with a turnover of 229,000 euros, and its price fell by 0.33 percent to 153 euros.

The Končar share was also in focus for investors, with a turnover of 192,000 euros, and its price fell by one percent to 402 euros.

The regular share of Končar D&ST also had significant turnover, nearly 130,000 euros, and it increased by 1.16 percent to 1,750 euros.

On the ZSE, a total of 32 shares were traded yesterday, of which 12 prices rose, the same number fell, and eight stagnated.

“Today, I expect stagnation of the Crobex, as was the case the day before, and investors will begin to position themselves for the upcoming start of the earnings season for companies,” says Roman Rinkovec.