Trading statistics for January 2021 show an average daily turnover of EUR 1.46m (-21% YoY). Meanwhile, SBI TOP ended the month with a solid increase of  4.2%.

The Ljubljana Stock Exchange (LJSE) published their trading statistics for January 2021, showing a somewhat lower equity turnover compared to the previous month of EUR 29.23m. This translates into an average daily turnover of EUR 1.46m (-21% YoY).

Of the total value traded in the period (excluding block transactions), Krka generated EUR 12.32m (or 47.5%), followed by NLB Group with EUR 3.1m (or 11.9%). Next come Petrol with EUR 2.94m (or 11.3%) and Sava Re with EUR 2m (or 7.7%). Triglav follows with EUR 1.65m or (7.7%). These 5 shares generated 85% of the turnover recorded by the entire (equity) market.

When observing the total equity market capitalization, it observed a 3.6% MoM increase (or EUR 250m) and currently amounts to EUR 7.17bn.

The main equity index of LJSE observed a very solid 4.4% monthly increase, ending January at 940.01 points.  Of the SBITOP constituents, Luka Koper leads the list with an increase of 10.9%. The company’s share price closed January at EUR 20.4 per share, which puts it at a EV/EBITDA of 5.5x. Sava Re and Telekom Slovenije follow, with a solid increase of 7% and 6%, respectively. Krka, as the index heavyweight showed also a solid performance of 4.2%.

In January, arguably the biggest news on the market was Petrol’s acquisition of 100% stake in Crodux. Following the transaction, the market share of the Petrol Group in Croatia will increase from 13% to 23%. To read more about the acquisition click here.

Share Price Performance of Slovenian Blue Chips (January 2021)

The deals account for roughly 8.1% of the company’s trailing 12m consolidated sales.

Dalekovod announced that they have signed project contracts with two Swedish investors, Elevio AB, the owner of the distribution network, and Svenska Kraftnät, the national energy company.

With the investor Elevio AB, it has been contracted to build 12 kilometers of new 2 x 130 kV line, between Tovåsen and Bodmyran substations, along the existing 130 kV line, which includes demolition of the old line on wooden poles and reconstruction of the existing 1 km long wooden line. The planned start of works is in February 2021, and completion in August 2022.

The new contract with Svenska Kraftnät, the Grundfors ledningsåtgärder project, involves the reconstruction of four existing 400 kV lines and one 220 kV line around the new substation, and consists of the main part and two possible options. The final scope of work will be defined in March this year, starting in May next and ending in late 2023.

The total value of the above-mentioned deals is higher than HRK 110m. To put things into a perspective, the deals account for roughly 8.1% of the company’s trailing 12m consolidated sales.