Since its bottom (23 March) CROBEX is up by 23.8%, while since the beginning of November the index is up by as much as 7.3%.
CROBEX breached 1,700 points during yesterday’s trading session for the first time since March when the index observed a sharp decrease. However, the index ended the day in red at 1,690.23 points, representing a slight decrease of 0.34%.
Since its bottom (23 March) CROBEX is up by 23.8%, while since the beginning of November the index is up by as much as 7.3%. Such a result is in line with many other European indices which have gained momentum on the back of positive vaccine progress.
As a reminder, Moderna announced that, in a preliminary analysis of a large late-stage clinical trial, its Covid-19 vaccine was 94.5% effective. To be specific, the company stated that preliminary analysis of data from more than 30,000 volunteers showed that Moderna’s vaccine prevented virtually all symptomatic cases of Covid-19. Such news, alongside Pfizer’s announcement this month, could be considered the furthest scientific progress so far in the efforts against the spread of the virus.
Of the index constituents, the share prices of Tourist companies seemed to have benefited the most from the aforementioned news. Since the beginning of the November, Valamar Riviera has observed the highest share price increase of 20.4% and is currently trading at HRK 27.7 per share. Further, Arena Hospitality Group has also witnessed a high share price increase of 15.8% and is currently traded at HRK 308 per share.
