PODR ended the trading day with an increase of 3.92%.

Friday market another quite active trading day on the ZSE with equity turnover reaching HRK 34.64m. Of that, block trade (ERNT) amounted for HRK 13.85m. Meanwhile, CROBEX constituents noted a turnover of HRK 18.8m, with Podravka being by far the most traded share (HRK 10.9m).

Podravka’s share was definitely in spotlight on Friday, with the share witnessing a intraday increase of as much as 9%, reaching HRK 724 per share. The share however closed the trading day below the HRK 700 mark, ending the day with a 3.92%. At the current share price (HRK 690) the company is traded at a P/E of 9.1x and EV/EBITDA of 17.2x.

In the past month, the company’s share has increased by as much as 15%, while Mesna Industrija Braća Pivac, the majority owner of Kraš, has entered the top 10 shareholders. To be specific, MI Braća Pivac currently owns a 3.18% stake in Podravka, making it the 8th largest shareholder.

Turning our attention to CROBEX, the index noted a solid increase of 1.24% on Friday, thus breaching the 2,000 point mark.