Trading statistics for May show an average daily turnover of EUR 0.91m (-3.2% YoY). Meanwhile, the major index CROBEX ended May with an increase of 5.9% ending at 1,635.37 points.

After witnessing a “green” month in April, the Zagreb Stock Exchange (ZSE) continued to see a positive sentiment which resulted in an increase of CROBEX by 5.9% MoM. The ZSE observed a somewhat of a stabilization in turnover in May with total equity turnover amounting to EUR 18.14m, which translates into an average daily turnover of EUR 0.91m (-3.2% YoY).

Of the total value traded in the period in May (excluding block transactions), Valamar Riviera generated 18.3%. HT comes second, accounting for 15.3%. Next come Optima Telekom and Adris pref. with 6.7% and 5.8%, respectively. Arena Hospitality Group follows with 5.8%. 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 May (%)

When observing the total equity market capitalization, it observed an increase of 2.6% MoM, amounting to HRK 133.60bn (EUR 17.61bn). Ina’s share is the biggest constituent of the total exchange’s equity market capitalization, accounting for about 22.4% of the total value. Next, come two Croatian banks – ZABA and PBZ with 13% and 12%, respectively. Further, HT holds 10.4%.

In May, the main index of ZSE, recorded a solid increase of +5.39%, ending the month at 1,635.37 points. Meanwhile, the index is still 18.9% down on a YTD basis.

It is worth noting that all sector indices ended the month in green as well, with CROBEXkonstrukt recording the highest monthly increase of 19.06%. As a reminder, this year (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 – May 2020) (%)