Trading statistics for Q3 2019 show an average daily turnover of EUR 1.9m (+87% YoY).

The Zagreb Stock Exchange (ZSE) published their trading statistics for Q3 2019, showing a total equity turnover of EUR 122.18m. This translates to an average daily turnover of EUR 1.9m (+87% YoY). Such a high increase in turnover could be attributed to mostly to Kraš, whose share observed a turnover of HRK 372.4m. To read more about it click here.

Of the total traded value traded in the period (excluding block transactions), Kraš generated 45%, followed by Valamar Riviera with 6.6%, HT with 5.8%, Optima Telekom with 5.6%, Adris with 5.3%. These 5 shares generated more than two thirds of the turnover recorded by the entire (equity) market. When observing the total equity market capitalization, it observed an increase of 7.4% YoY, amounting to HRK 145.5bn. Ina’s share is the biggest constituent of the total exchange’s equity market capitalization, accounting for about 21.8% of the total value. Next, come two Croatian banks – Zagrebačka banka and PBZ with 13.2% and 10.3%, respectively. Further, HT holds 9.4% while Adris accounts for 4% of the total market capitalization value.

When compared to the beginning of the month the main index CROBEX recorded a sharp increase of 4.27%, ending at 1,963.54 points. Such an increase could mostly be attributed to the rise in share price of Podravka, Atlantic Grupa and Končar, which combined hold more than a third of the weight in the index.

Of the sector indices, CROBEXtransport recorded the highest decrease of 19.4%. It is worth noting that on 1 October, ZSE announced a temporary cessation of calculation of the index, as Uljanik Plovidba was excluded from the index, leaving only Atlantska Plovidba in it.