Trading statistics for February 2020 show an average daily turnover of EUR 1.7m (+54% YoY). Meanwhile, SBI TOP ended the month with a 6.64% decrease.

The Ljubljana Stock Exchange (LJSE) published their trading statistics for February 2020, showing a total equity turnover of EUR 33.96m. This translates to an average daily turnover of EUR 1.7m (+54% YoY).

Of the total value traded in the period, Krka generated 36%, followed by NLB with 19%. Next come Petrol with 16% and Sava Re with 7.4%. Triglav follows with 7.3%. These 5 shares generated 85% of the turnover recorded by the entire (equity) market.

When observing the total equity market capitalization, it amounts to EUR 6.92bn (-6% MoM). Krka’s share is the biggest constituent of the total exchange’s equity market capitalization, accounting for about 33.4% of the total value. Next, comes NLB with 18.1%. Further, Petrol holds 11% while Triglav accounts for 10.9% of the total market capitalization value.

The main index of the stock exchange, SBI TOP, recorded a sharp decrease of 6.64%, ending the month at 907.0 points. Note that such a monthly decrease was last time observed in November of 2019 when the index dropped by 7.5%. The mentioned decrease of SBI TOP could be attributed to the spread of Coronavirus and the spillover of global sentiment.

As a reminder, last month it appears that markets in general have started to give a heavier weight to potential risks relating to Coronavirus. When observing our region, we believe that such a market reaction is even more pronounced since the virus outbreak hit northern Italy – which not only is a strong trading partner but is also geographically in proximity to both Slovenia and Croatia. Besides that, the local market seems to have witnessed a spillover of the sentiment on global markets, which have also been observing many trading days in red in late February.

Share Price Performance of SBI TOP Constituents in February