After the announcement, Atlantic Grupa’s share price increased by 3.14%.
Atlantic Grupa proposed HRK 50 DPS yesterday, as well as announced the share split, in which 1 current share will be split into 4 new shares. After the news, the Company’s share price grew by 3.14%, ending the trading day at HRK 1,640. To read more about this news, click here.
Atlantic Grupa share price, (HRK, 2022 YTD)
The Company also recorded a strong turnover during the day, at HRK 1.54m. Compared to the developments in the US equity market, which after the FOMC meeting that announced a 50 bp increase to yields, with 2 more 50 bp increases in June and July, S&P500 and Nasdaq Composite declined by -3.56% and -4.99%, respectively. This continues the general trend of decline in the US market, with S&P500 and Nasdaq declining by -13% and -21.3% YTD, respectively. The decline marks one of the worst Q1 quarters in the indices’ recent history.
S&P500 and Nasdaq Composite Performance, (2022, YTD)