The total equity turnover downward trend has been overturned, in January the turnover reached EUR 45.42m (HRK 341.8m) which is an increase of 75.84% MoM. This translates into a daily average of EUR 2.16m (HRK 16.28m), showing more than 2x increase YoY, which is the result of low liquidity in January 2020.

Out of the total value traded (excluding block transactions) in January, Podravka generated 6.79% of the total equity traded on ZSE. Valamar generated 4.99% of total turnover, followed by Atlantska Plovidba and Adris Grupa (pref.), generating 3.90% and 2.96%, respectively. HPB comes next with a 2.66% out of total turnover. The top five traded companies accounted for 21.31% of the total value traded.

The main index of ZSE, CROBEX, noted an increase of 2.56% MoM, ending the month at 2,132.61 points.

At the end of January, several blue-chip companies (5 out of 10) experienced an increase MoM. Podravka is leading the way in this metric with 8.23% MoM increase, followed by Atlantic Grupa with 7.14% increase, Ericsson Nikola Tesla (3.26%), Valamar Riviera (3.03%) and Adris grupa (pref.) with 2.17%. Končar remains on the same level, while the highest reported decrease in January was AD Plastik (-3.63%).

Share Price Performance of Croatian Blue Chips in January (%)