Trading statistics for June show an average daily turnover of EUR 0.86m (-21% YoY). Meanwhile, the major index CROBEX ended June with a slight decrease of 0.85% ending at 1,621.55 points.

After witnessing a “green” month in April and May, the Zagreb Stock Exchange (ZSE) CROBEX observed a slight decrease of 0.85% MoM, ending the month at 1,621.55 points. It is worth noting that CROBEX ended H1 with a decrease of 19.6% YTD.

ZSE observed a relatively low turnover in June of EUR 17.1m, which translates into an average daily turnover of EUR 0.86m (-21% YoY). Such turnover is quite below the average turnover seen in 2019 and so far this year. It is also worth noting that not a single block transaction was concluded in June.

Of the total value traded in the period in June, Valamar Riviera generated 20.4%. HT comes second, accounting for 12.1%. Next come Atlantska Plovidba and Arena Hospitality Group with 7.8% and 6.4%, respectively. Dalekovod follows with 5.6%. These five shares generated more than half of the turnover recorded by the entire (equity) market.

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

As visible in the graph, of the observed Croatian blue chips, Valamar Riviera observed the highest share price decrease ending the month at HRK 25.8 per share (-6.5%). Such a decrease could be attributed to the skepticism regarding the development of the touristic season, as new Covid-19 cases emerged.

When observing the total equity market capitalization, it observed a slight decrease of 0.9% MoM, amounting to HRK 132.40bn (EUR 17.5bn). Ina’s share is the biggest constituent of the total exchange’s equity market capitalization, accounting for about 22.1% of the total value. Next, come two Croatian banks – PBZ and ZABA with 12.6% and 12.2%, respectively. Further, HT holds 11%.

It is worth noting that of the sector indices, CROBEXkonstrukt observed a solid monthly increase of 10.32%. On the flip side CROBEXindustrija recorded the highest decrease of 3.52%.