CROBEX breaches  2,200 points

Yesterday, CROBEX noted a steep increase of 6.1% YTD and breached 2,200-point mark, repeating the continuation of almost uninterrupted positive sentiment on the Zagreb Stock Exchange in 2021.

CROBEX was last seen above 2,200 point mark back in March 2017, after which followed a decrease and a stagnation period (also, an outbreak of the pandemic). The index plummeted to as low as 1,364.98 back in March, after which a recovery followed. Since the March 2020 bottom, the index increased by as much as 61.6%. After lockdowns, followed by pandemic, the market is fully recovered with index up by 9.3% compared to the beginning of 2020.

In the first day of 2022, we have noticed a very solid performance of many index heavy weights. To be specific, Končar, Atlantic Grupa, Podravka, Valamar Riviera, Ericsson Nikola Tesla and others.

When observing the index constituents in 2021, out of 21 constituents, 12 were in the green, while 9 were in the red. The important thing to notice is that all heavily weighted blue-chip companies closed 2021 in green. Of the top gainer, Atlantska Plovidba by far leads the list with an increase of 155% YoY in 2021.

CROBEX performance since 2010

Category : Flash News

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