In September CROBEX increased by 1.61%, ending the month at 1,999.2 points.
The total equity turnover in September the turnover reached EUR 31.7m (HRK 10.87m), indicating an average daily turnover of EUR 1.44m (+91% MoM).
Out of the total value traded (excluding block transactions) in September, Podravka generated 31.8% (or HRK 75.1m) of the total equity traded on ZSE. The company’s share ended up being in the spotlight in September with the share price increasing by as much as 13.4%, while Mesna Industrija Braća Pivac, the majority owner of Kraš, has entered the top 10 shareholders. To be specific, MI Braća Pivac currently owns a 3.18% stake in Podravka, making it the 8th largest shareholder.
Coming back to turnover, HT comes next accounting for 12% of regular turnover, while Atlantska Plovidba and Croatia osiguranje follow with 7.2% and 6.2%, respectively. Meanwhile, Adris pref. accounted for 6.2%. These top five traded companies accounted for 61.6% of the total value traded.
In late September, SPAN was listed on the ZSE, which ended up being the 8th most traded share. As a reminder, 23 of September marked the first trading day of SPAN which ended the day at HRK 208 per share. This represents an increase of as much as 18.9%, compared to the IPO price. We also note that the share opened at HRK 218 per share, which also represented its daily peek (representing a 24.6% increase compared to the IPO price). The first trading day of the share was quite active with a daily turnover of HRK 5.77m, accounting for 47% of the total turnover on the ZSE.
Among the CROBEX constituents, 12 ended the month in green with Saponia (+17%) and Atlantska Plovidba (+15%) being the best performers. Podravka and ZABA come next, with an increase of 13.4% and 7.5%, respectively. On the flip side, Petrokemija and Dalekovod found their way among the losers, decreasing by 21.4% and 10.1%, respectively.
As a result of all of the above, the main index of ZSE, CROBEX noted an increase of 1.61%, thus ending the month at 1,999.2 points. CROBEX10 ended the month in green with an increase of 1.76%.
Performance of CROBEX 10 Constituents (September 2021)
Total ETF turnover amounted to HRK 2.51m, while the market cap of both ETFs reached slightly below HRK 60m.
