In September 2022, SBITOP declined by almost 15%, ending the month at 961.90 points.

The total equity turnover on the Ljubljana Stock Exchange amounted to EUR 28.3m, which represents a decrease of 31.3% MoM and an increase of 16% YoY. This would also mean that during the month, the average daily turnover amounted to EUR 1.29m.

We note that there were two block transactions during September 2022 of Krka, amounting to EUR 1.03m and NLB of EUR 364.4k.

Looking at the top 5 most traded stocks, they had a turnover of EUR 25m, which would account for 88.3% of the total turnover which is not surprising for the Slovenian market. Breaking this down further, Slovenia’s heavyweight Krka had the highest turnover, at EUR 12.8m (or 45.3%), followed by NLB with 4.4m (or 15.5%), Petrol with 3.6m (or 12.7%), Zavarovalnica Triglav with 2.3m (or 8%), and Cinkarna Celje with 2m (or 6.9%).

When it comes to prices, Slovenia’s main index SBITOP decreased by 14.8% during the month and ended under the 1,000 level at 961.90 points. At the same time, SBITOP TR decreased by 14.6% and ended the month at 1,203.92 points.

Looking deeper at the SBITOP constituents’ performance during the month, each of the constituents has recorded a decrease in share price. Petrol lost the most of its capitalization with a 20.1% decrease in share price in September, followed by Triglav with a 16.3% decline, Cinkarna with 15.1% and Unior with 14.1%. The biggest winner (or smallest loser in this care) was Luka Koper, with a loss of “only” 8.6%, followed by Sava Re with an 11.4% decline in price, Telekom Slovenije with an 11.6% decline and Krka with 13.1%.

Performance of SBITOP constituents (September 2022, MoM, %)

When it comes to YTD performance, SBITOP has reported an even higher decline of 23.6%. Looking deeper at the Slovenian SBITOP index on a YTD basis, the picture stays pretty much the same. Each of the constituents has recorded a decrease in share price since the beginning of the year. The biggest winner (or smallest loser in this care) was Luka Koper, with a loss of “only” 8.6%, followed by Cinkarna Celje with an 8.9% decline in price, Telekom Slovenije with a 14.2% decline and Triglav with 14.7%. The biggest losses were recorded by NLB with a 29.7% decline, followed by Sava Re and Petrol, both decreasing by 27.2%. Krka follows with a 27.1% decline.

Performance of SBITOP constituents (September 2022, YTD, %)