Trading statistics for October 2019 show an average daily turnover of EUR 2.01m (+70% YoY). Meanwhile, the major index CROBEX ended October with an increase of 1.45% ending at 1,991.98 points.
The Zagreb Stock Exchange (ZSE) published their trading statistics for October 2019, showing a total equity turnover of EUR 44.3m. This translates to an average daily turnover of EUR 2.01m (+70% YoY).
Such a high increase could once again be attributed to Kraš, whose share was still in the spotlight, recording a turnover of HRK 47.56m in October. As a reminder, in September Kraš observed an extremely high turnover of HRK 370.5m (+HRK 369.5m MoM) during which Kappa Star Limited acquired almost a quarter of the company.
Of the total value traded in the period (excluding block transactions), Kraš generated 19.9%, followed by Adris with 9.2%, HT with 9.1%, Podravka with 7.7%, Liburnia Riviera Hoteli with 6.8%. These 5 shares generated roughly half of the turnover recorded by the entire (equity) market, excluding block transactions.
It is also important to mention in early October, EBRD sold their 2% stake in Atlantic Group at HRK 1,170 per share, which was a block transaction of HRK 78.02m (EUR 10.5m).
When observing the total equity market capitalization, it observed an increase of 8.6% YoY, amounting to HRK 148.1bn. Ina’s share is the biggest constituent of the total exchange’s equity market capitalization, accounting for about 21.5% of the total value. Next, come two Croatian banks – Zagrebačka banka and PBZ with 13.3% and 10.9%, respectively. Further, HT holds 9.4% 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 an increase of 1.45%, ending at 1,991.98 points. Meanwhile, CROBEXnutris once again observed the highest increase of 4.57% of all sector indexes. On the flip side, CROBEXindustrija recorded a decrease of 4.83%, which mostly came on the back of the poor share price performance of Đuro Đaković.
Average Daily Turnover on the ZSE (EUR m)