Another trading day pushed Croatian and Slovenian main equity indexes further in red, so they ended the day down 7.05% and 4.72%, respectively.
CROATIA
After recording the highest daily decline this year and one of the highest daily decreases in its history on Thursday (-10.18%), on Friday ZSE’s main index bounced back, recording a sharp daily increase of 5.78%. However, CROBEX witnessed another significant decrease of 7.05% yesterday.
Ending the day at 1,405.52 points, CROBEX recorded a change of -30.3% YTD. Note that the last time CROBEX observed such value was in 2009.
Out of 53 stock traded on ZSE yesterday, 44 ended the day in red. The total traded volume in equities was HRK 45.9m, out of which 47% was traded as block transactions (HRK 21.7m). The largest block traded was that of Valamar in the amount of HRK 17.2m, and tranasaction was realized at HRK 21.50 per share, at which price it also closed the trading day. Note that such a price puts Valamar at P/E of 9.5x and EV/EBITDA of 7.3x. Of the CROBEX constituents, the most substantial daily decrease was recorded by Atlantska Plovidba share, 19.57%, and Maistra share, 17.74%, while at the same time Đuro Đakovic share rose by 8.86%.
Of the index heavy weights, HT, as well as FMCG companies such as Atlantic Grupa and Podravka saw a decrease of 4.9%, 7.14% and 11.53%, respectively
Share Price Performance of CROBEX Constituents (16.3.2020) (%)
SLOVENIA
After witnessing a slight increase Friday (SBITOP +1%), the Slovenian equity market observed another rough day. The main index of LJSE recorded a sharp daily decrease of 4.72%, ending the day at 725.41 points.
The last time we observed the index at the current value was in January of 2017. Meanwhile, the index recorded a 21.7% decrease YTD.
When observing the constituents of the SBITOP, most of them ended the day in red. NLB recorded the highest daily share priced decrease of 8.28%, ending the day at EUR 42.1 per share. At the current share price, NLB witnessed a 32.1% YTD decrease and is currently traded 18.3% lower compared to the public offering price.
Of the index heavy weights, Krka recorded a 2.32% decrease, while Petrol recorded a 4.15% decrease.
Share Price Performance of SBITOP Constituents (16.3.2020) (%)
