Trading statistics for 2019 show an average daily turnover of EUR 1.47m (+27.8 YoY). Meanwhile, the major index CROBEX ended with an increase of 15.4% ending at 2,017.43 points.

The Zagreb Stock Exchange (ZSE) published their trading statistics for 2019, showing a total equity turnover in 2019 of EUR 364.4m, which translates to an average daily turnover of EUR 1.47m (+27.8% YoY). Such an increase could mainly be attributed to the Kraš takeover, which can be read more about here. 

Average Daily Turnover on ZSE (EUR m)

Of the total value traded in 2019 (excluding block transactions), Kraš generated 22%. Valamar Riviera comes second, accounting for 10.7%. Next come HT and  Adris preferred with 9.9% and 8.6%, respectively. Optima Telekom follows with 5.7%. These 5 shares generated more than half of the turnover recorded by the entire (equity) market, excluding block transactions.

When observing individual CROBEX constituents, 12 out of 15 ended the year in green. Of that, one company recorded a triple-digit increase, while 7 companies witnessed a double-digit increase. Optima Telekom tops the list of gainers, with a share price increase of 370%. On the flip side, Đuro Đaković ended the year with a decrease of 59% YoY.

Share Price Performance of Crobex Constituents in 2019

When observing the total equity market capitalization, it observed an increase of 11.5% YoY, amounting to HRK 147.98bn. Ina’s share is the biggest constituent of the total exchange’s equity market capitalization, accounting for about 21.6% of the total value. Next, come two Croatian banks – Zagrebačka banka and PBZ with 13.8% and 10.9%, respectively. Further, HT holds 9.9% while Adris accounts for 3.7% of the total market capitalization value.

In 2019, CROBEX observed a 15.4% increase, which is the second highest yearly increase in the past decade. It is also worth noting that in October, the index breached 2,000 points, which was the fist time it reached that level since the end of March 2017.

Of the sector indices CROBEXnutris observed recorded the highest increase of 38.18%, which could be attributed to a solid performance of the blue chips coupled with the mentioned Kraš takeover. On the flip side, CROBEXkonstrukt witnessed the highest decrease of 12.93%.

Performance of CROBEX in 2019