Positive Vaccine News Leads to Continuation of Optimism on ZSE

Yesterday, CROBEX noted a 2% increase, ending the trading day at 1,749.58 points.

Yesterday, the UK became the first western country to approve a Covid-19 vaccine, with its regulator clearing Pfizer and BioNTech SE’s vaccine. Thus, hospitals are preparing to administer the vaccine and 800,000 doses ready to be delivered from Belgium. The vaccine should be available in Britain starting next week. Although we did not see a reaction from major European equity markets yesterday, Croatian equity seemed to have reacted positively to such news as virtually all traded stocks ended the day in green.

CROBEX noted a 2% increase yesterday, ending the day at 1,749.58 points. At the current level, the index is still down by 13.3%.

On the prime market, AD Plastik leads the daily gainers with an increase of 5.26%, closing at HRK 160 per share. At the current share price, the company is traded at EV/EBITDA of 6. Next come, Arena Hospitality Group (+3.7%) and Valamar Riviera (+2.14%), marking the continuation of the positive sentiment on tourist companies which started in November. Outside the prime market, Atlantska Plovidba recorded a solid increase of 6.35%, while Končar went up by 3.51%.

Turnover on the ZSE amounted to HRK 15.4m (including ETF turnover). Meanwhile, the highest traded security yesterday was 7CRO (CROBEX10tr ETF) with a turnover of HRK 2.3m.

InterCapital
Published
Category : Flash News

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