Activity on the ZSE in April 2020

Trading statistics for April show an average daily turnover of EUR 1.75m (+44% YoY). Meanwhile, the major index CROBEX ended April with an increase of 4.3% ending at 1,544.30 points.

After witnessing a selloff in March, which resulted in a very high total equity turnover on the Zagreb Stock Exchange (ZSE) of EUR 86.3m (HRK 651.2m), the ZSE observed a somewhat of a stabilization in April. The total equity turnover in April amounted to EUR 35.1m, which translates to an average daily turnover of EUR 1.75m (+44%).

Of the total value traded in the period in April (excluding block transactions), Valamar Riviera generated 17%. HT comes second, accounting for 14%. Next come Adris preferred and Optima Telekom with 10% and 7.3%, respectively. AD Plastik follows with 7.1%. These five shares generated more than half of the turnover recorded by the entire (equity) market, excluding block transactions.

Share Price Performance of Croatian Blue Chips in April (%)

When observing the total equity market capitalization, it observed an increase of of 3.2% MoM, amounting to HRK 130.21bn (EUR 17.1bn). Ina’s share is the biggest constituent of the total exchange’s equity market capitalization, accounting for about 23.6% of the total value. Next, come two Croatian banks – PBZ and ZABA with 12.7% and 12.5%, respectively. Further, HT holds 10.5%.

In April, the main index of ZSE, recorded a slight recovery of +4.31%, ending the month at 1544.30 points. It is worth noting that all sector indices ended the month in green as well, with CROBEXkonstrukt recording the highest monthly increase of 23%. As a reminder, in March CROBEX recorded a sharp decrease of 20.55%. Such a high monthly decrease of the index was last time recorded in November of 2008 when CROBEX dropped by 26.7%.

Daily Changes of CROBEX (March & April 2020) (%)

InterCapital
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Category : Flash News

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