Strong Start of the Year – ZSE In Green

Yesterday, CROBEX10 reported an increase of 1.9% driven by both heavyweights along with yesterday’s clear winner, AD Plastik.

In yesterday’s trading session, CROBEX10 noted an increase of 1.9% starting 2023 strong, which was driven by both heavyweights and companies with single-digit weight. Podravka, which is the constituent with the highest weighting (c. 21%) noted an increase of 2.1%. Further, HT with c.19% weight in CROBEX10 ended the day slightly in the green. Furthermore other liquid issuances which valuations are looked at from perspective of consumers spending and intensity of tourist season, Adris (pref.), Valamar Riviera and Atlantic Grupa increased by 4.4%, 3.5% and 3.1%, respectively.

Looking at the low single-digit weights, AD Plastik is the clear winner of yesterday’s trading session on ZSE. AD Plastik noted an intraday double-digit growth in share price amounting to as much as 12.3% but ended the day with a 7.5% gain. Furthermore, Atlantska Plovidba also increased by 2.9% along with Arena Hospitality Group with a slight 0.6% share price increase.

Overall, AD Plastik noted the highest increase in share price along all index constituents. The only constituent ending the day in red was Ericsson Nikola Tesla, which observed a 1.7% decrease.

Yesterday’s trading session returns (%)

Source: Bloomberg, InterCapital Research

Category : Flash News

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