Activity on the LJSE in February 2021 – InterCapital’s Best Month on the LJSE Ever

Trading statistics for February 2021 show an average daily turnover of EUR 1.45m (-14% YoY). Meanwhile, SBI TOP ended the month with a solid increase of 2.7%.

The Ljubljana Stock Exchange (LJSE) published their trading statistics for February 2021, showing a somewhat lower equity turnover compared to the previous month of EUR 27.6m. This translates into an average daily turnover of EUR 1.45m (-14% YoY).

Of the total value traded in the period (excluding block transactions), Krka generated EUR 9.93m (or 36%), followed by NLB Group with EUR 4.8m (or 11.9%). Next come Sava Re with EUR 2.55m (or 9.3%) and Petrol with EUR 2.39m (or 8.7%). KD group follows with EUR 2.1m or (7.9%). These 5 shares generated 79% of the turnover recorded by the entire (equity) market.

When observing the total equity market capitalization, it observed a 1.6% MoM increase (or almost EUR 117m) and currently amounts to EUR 7.29bn.

The main equity index of LJSE observed a very solid 2.7% monthly increase, ending February at 965.57 points. Of the SBITOP constituents, Sava Re leads the list with an increase of 15.2%. The company’s share price closed the month at EUR 22.8 per share, while, at the current share price the company is traded at a P/B of 0.81x. Cinkarna Celje and NLB follow, with a solid increase of 7.8% and 7.5%, respectively. Krka, as the index heavyweight showed a slight decrease of 2.9%.

Performance of SBITOP Constituents in February 2020 (%)

In February, NLB Group published their FY 2020 results posting profit after tax of EUR 268.9m (+38.95 YoY), which was strongly affected by the acquisition of Komercijalna banka. To be specific, net positive impact of negative goodwill was noted in the amount of EUR 137.0m, and additionally established EUR 13.4m for expected credit losses on the performing portfolio for the Komercijalna banka group.

Excluding the impact of the acquisition, Group profit would amount to EUR 141.3m, representing a decrease of 27% YoY. Such a result significantly exceeded previous forecasts by the Group, mostly because of better-than-expected COR performance.

Category : Flash News

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