Trading statistics for September show an average daily turnover of EUR 0.88m (-77% YoY). Meanwhile, the major index CROBEX ended September in red (-0.53%) at 1,608.54 points.

Trading report for September shows quite an inactive trading month behind us as total equity turnover amounted to EUR 19.3m (or HRK 144.9m). This translates into an average daily turnover of EUR 0.88m, representing a sharp decrease of 77%. It is important to note that such a sharp decrease could mainly be attributed to a high turnover of Kraš in September of 2019, which you can recap on here. If we were to exclude the effect of Kraš, the average daily turnover is still down as much as 40.2%, which reveals a continuation of relatively low liquidity on the ZSE, which we have been witnessing throughout most of Q2 and Q3.

Of the total value traded in the period in September (excluding block transactions), HT generated HRK 26.1m or 19.9%, while Podravka generated HRK 11.1m. Atlantic Grupa comes third, accounting for 6.7% (or HRK 8.81m). Next come Dalekovod and Valmar Riviera with 6.2% and 6%, respectively. Ericsson NT follows with 5.7%. These five shares generated more than half of the turnover recorded by the entire (equity) market.

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

As visible in the graph, of the observed Croatian blue chips, Arena Hospitality Group observed the highest share price increase of 7.5%, followed by Podravka (+5.5%). On the flip side, Atlantska Plovidba recorded the highest decrease (of the observed companies) of 8.3%.

As a result of the above-mentioned share price performance of Croatian blue chips, CROBEX ended September in red (-0.53%) at 1,608.54 points. Of the sector indices, CROBEXkonstrukt noted the highest decrease of 5.55%, after witnessing a strong performance of +39.4% in August.

When observing the total equity market capitalization, it observed a decrease of 0.6% MoM, amounting to HRK 130.7bn (EUR 17.43bn).