In April 2022, SBITOP decreased by -2.82%, ending the month at 1,171.97 points.
The Ljubljana Stock Exchange has published its latest trading activity report for April 2022. In the report, we can see that the total equity turnover (including block transactions), amounted to EUR 27.9m. This represents a decrease of 25.7% YoY, and 61.5% MoM. This would amount to an avg. daily turnover of EUR 1.47m. The decreases can be attributed to two things: firstly, to the fact that in the same period of 2021, the economic recovery and relaxation of COVID-19 related measures began. At the same time, March 2022 recorded a lot of trading and volatility due to the Russian invasion of Ukraine.
If we were to take out block trades, the total equity turnover in April amounted to EUR 26.04m. Of that, 47.9% (or EUR 12.5m) was made by Krka, followed by NLB with 21.5% (or EUR 5.6m), Petrol, with 8.7% (or EUR 2.3m), Triglav with 7.7% (or EUR 2m), and Cinkarna Celje with 5.1% (or EUR 1.3m). This would mean that the top 5 most traded companies had 90.9% of the total turnover on the stock exchange. If we were to look at the top 10 most traded stocks, that percentage would jump to 99.5% of the total turnover.
Looking over to the performance of the Slovenian blue chips during the month, only 3 out of 10 experienced a positive return. Firstly, we have Cinkarna Celje, which grew by 3.6%, followed by Triglav with 1.5%, and Telekom Slovenije, with 1.21%. On the other hand, Krka decreased by -6.46%, NLB decreased by -6%, Unior decreased by
-2.9%, while Luka Koper decreased by -1.6% MoM. The remaining companies all hoovered between +/- 1%. Lastly, SBITOP index decreased by -2.8%, ending the month at 1,171.97 points.
Performance of SBITOP constituents in April 2022 (%)
April 2022 was marked by a relative slowdown on the stock exchange, as the shocks sent across the equity markets after the Russian invasion of Ukraine calmed down slightly. The reduction in turnover can also be attributed to the general uncertainty on the market right now, as inflation continues rising and ECB is yet to make a decision on how exactly will they deal with that inflation.
