In November, SBITOP had an increase of 3.73%, ending the month at 1.222,86 points.
The Ljubljana Stock Exchange (LJSE) has published its trading statistics for November 2021, showing an equity turnover of EUR 32.3m. This translates into an average daily turnover of EUR 1.54m (+44% MoM).
When looking at the total value that was traded in this period (excluding block transactions), Krka generated EUR 11.8m (or 36.6%), followed by the NLB Group with EUR 6.11m (or 18.9%). Up next we have Sava Re with EUR 3.04m (or 9.41%), Triglav with EUR 2.27m (or 7%), Petrol with EUR 2.16m (or 6.7%), Cinkarna Celje with EUR 1.38m (or 4.28%), Telekom Slovenije with EUR 1.8m (or 3.34%) and Luka Koper with EUR 1.06m (or 3.30%). Combined, these shares make up 89.6% of the turnover that was recorded by the entire equity market.
When looking at the total equity market capitalization, it experienced a 3.59% increase and currently stands at EUR 9.25bn. November has continued the growth trend on the LJSE, with the SBITOP index increasing by 3.73% MoM (ending November at 1.222,86 points). At the end of November, most blue-chip companies experienced an increase MoM. The most notable of these were Triglav (+8.3% MoM), Cinkarna Celje (5.8%), Sava Re (5.1%), Krka (4.5%) and Telekom Slovenije (4.4%). On the flip side, Luka Koper and KD Group experienced decreases of -3.1% and 2.2% respectively. We would also like to note that, as of the end of November, SBITOP is up by as much as 35.3% YTD.
Performance of SBITOP constituents in November 2021 (%)
In November, the average daily turnover reached EUR 900k, noting a decrease of 57.6% YoY.
Zagreb Stock Exchange (ZSE) has published its trading statistics for November 2021, showing an average daily equity turnover of EUR 900K. This represents a decrease of 57.6% YoY.
Out of the total value traded (excluding block transactions) in November, Atlantska Plovidba generated 16% of the total equity traded on ZSE. Valamar generated 11% of total turnover, followed by HT and Adris, generating 8% and 7%, respectively. SPAN comes next with a 5% out of total turnover. The top five traded companies accounted for 48% of the total value traded.
The main index of ZSE, CROBEX, noted a decrease of 2.5% MoM, ending the month at 1,981 points. Meanwhile this still represents a YTD increase of 13.7%. We note that most blue chips have ended the month in red, with Atlantska Plovidba leading the losers (-16.9%). At the same time, Podravka as an index heavy weight noted a decrease of 4.4%.
4iG and DIGI Group’s Romanian subsidiary (RCS & RDS) have concluded the sale and purchase agreement for the sale of DIGI group’s Hungarian operations for a transaction value of EUR 625m.
On November 29th, 2021, DIGI Group’s Romanian subsidiary RCS & RDS and 4iG (one of the leading companies of the Hungarian IT and ICT market) have concluded the sale and purchase agreement regarding the acquisition of Digi Hungary and its subsidiaries.
The parties’ intention to enter into the sale and purchase agreement was initially announced on 29 March 2021.
This transaction involves the acquisition by 4iG Plc of a 100% stake held by RCS & RDS in Hungary’s leading telecommunications and media service group, as well as the assignment of all debts of Digi Hungary and its subsidiaries to RCS & RDS, for a transaction value of EUR 625m.
Digi Hungary is a leading telecommunications service provider in Hungary, with 23 years of experience and a broad service portfolio covering table TV, fixed internet and data, mobile communications services, fixed-line telephony, and Direct To Home (DTH) services. It serves more than 1.1m subscribers nationwide and has over 2.5m Revenue Generating Units (RGUs) as of December 31st, 2020.
As a reminder, in 2020, DIGI Group’s consolidated sales revenue in Hungary was EUR 200m and its adjusted EBITDA reached EUR 54m, meaning the transaction will be made at 11.6x of FY20’s EBITDA. DIGI Group is currently traded at 4.2x 2020 EBITDA.