Activity on the ZSE in November 2019

Trading statistics for November 2019 show an average daily turnover of EUR 1.79m (+66% YoY). Meanwhile, the major index CROBEX ended November with an increase of 0.44% ending at 1,995.61 points.

The Zagreb Stock Exchange (ZSE) published their trading statistics for November 2019, showing a total equity turnover of EUR 35.7m (HRK 265.2m). This translates to an average daily turnover of EUR 1.79m (+66% YoY). Of that HRK 68.2m refers to block transactions which recorded an increase of 258.1% YoY. Such a high increase could be attributed to HRK 54.47m of shares of Čakovečki Mlinovi traded in November as a block transaction.

Of the total value traded in the period (excluding block transactions), Kraš generated 26.3%. Kraš has once again observed a solid increase in turnover, mainly by the end of November when more than HRK 30m of Kraš was traded. By the end of November, MI Pivac signed a Sale and Transfer Agreement with Kraš ESOP, through which they acquired an additional 18.45% stake in Kraš. As a result, MI Pivac currently have a 49.16% stake in Kraš and 51.8 % of voting rights (5.1% of shares are in treasury). To read more about it click here.

Arena Hospitality Group comes second, accounting for 10.7% of the total traded volume. Next come Valamar Riviera and Adris with 10.1% and 9.4%, respectively. HT follows with 5.1%. These 5 shares generated 61.6% of the turnover recorded by the entire (equity) market, excluding block transactions.

When observing the total equity market capitalization, it observed an increase of 9.1% YoY, amounting to HRK 147.2bn. Ina’s share is the biggest constituent of the total exchange’s equity market capitalization, accounting for about 21.7% of the total value. Next, come two Croatian banks – Zagrebačka banka and PBZ with 13.5% and 10.5%, respectively. Further, HT holds 9.5% while Adris accounts for 3.8% of the total market capitalization value. When compared to the beginning of the month the main index CROBEX witnessed a slight increase of 0.18%, ending at 1,995.61 points. CROBEX10, consisting of top 10 CROBEX shares by free float market capitalization and turnover, observed an increase of 0.44%. The highest increase of all sector indexes was realized by CROBEXindustrija – the index where its six constituents operating in industrial production have equal weights. The highest price increase among constituents in the month was realized by Varteks share, namely 7.34%. On the flip side, CROBEXnutris recorded a decrease of 10.16%, due to a sharp decrease of Kraš’ share price after MI Pivac acquired shares of Kraš ESOP. To read more about it, click here.

Average Daily Turnover on the ZSE (EUR m)

Category : Flash News

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