The main index of Ljubljana Stock Exchange ended yesterday’s trading session down by 1.8%, as almost all of its constituents ended the day in red.

Such a performance of the index could arguably be attributed to a continued high number of cases in Slovenia, which has in the recent day’s spiked to four-digit figures.

In order to prevent the spread of the virus, the Slovenian Government has imposed much harsher restrictions than the one currently in place in Croatia. To be specific, for the first time since WW2, a restriction on movement at night was introduced, meaning that Slovenian’s are not allowed to leave their homes from 9 pm until 6 am (with some exceptions). As a result of the imposed restrictions, many shops are closed, while the operation of hairdressing and beauty salons, wellness centres, swimming pools, cinemas, theatres and gyms is prohibited. In addition, starting today, passing from one province to another is prohibited (unless given an acceptable reason).

All of the above mentioned led the negative sentiment on the market, with Triglav witnessing the highest decrease of 3.23%. Next comes Krka, whose share price decreased by 2.47%, while the share closed at EUR 79 per share. Note that this is the first time since late May of this year that the share is traded below the EUR 80 per share. At the current share price, the company is traded at a P/E of 9.4 and EV/EBITDA of 4.8.

Next comes Petrol (-1.95%), whose share price has sharpy increased in September on the back of the news on liberalization of retail fuel prices, which you can read about here. Following the news, the share price increased to as much as EUR 337 per share in early October. However, the share price has since than fully reverted and is now trading at EUR 302 per share.

Share Price Performance of SBITOP Constituents on 26 Oct 2020