Trading statistics for H1 2019 show an average daily turnover of EUR 1.16m (-2.6% YoY). Meanwhile, in June 2019, the average daily turnover amounted to EUR 1.17m (+13.6% YoY). The major index CROBEX ended June with an increase of 1.72% MoM ending at 1,883.11 points.

H1 2019

In H1 2019, the Zagreb Stock Exchange observed an average daily turnover of EUR 1.16m, which represents a decrease of 2.6% YoY. However, it is worth noting that most of this decrease comes from the lower turnover in January, while the ZSE has been observing double-digit growth in average daily turnover consecutively since March.

Of the total traded value traded in the period (excluding block transactions), Valamar and HT generated around 16%, followed by Adris (preferred shares) with 11%, Optima Telekom with 6% and Podravka with 5%.  These 5 shares generated more than half of the turnover recorded by the entire market.

When compared to the beginning of the year the main index CROBEX increased by 7.7%, ending at 1,883.11 points.

June 2019

Besides that, the Zagreb Stock Exchange published their trading statistics for June 2019, showing an average daily turnover of EUR 1.17m. This represents an increase of 13.6% YoY.

Of the total traded value traded in the period (excluding block transactions), Optima Telekom generated 18.1%, followed by HT with 16.8%, Valamar with 13.3%, Adris (preferred shares) with 10.4%, Podravka with 6.4%. These 5 shares generated almost two-thirds of the turnover recorded by the entire market.

The increase in turnover of Optima Telekom could be mostly attributed to the speculation by the media that United Group might be interested in acquiring Optima Telekom. As a result, the share price of Optima observed an increase of 87.5%. To read more about Optima’s share price performance click here.

When observing the total equity market capitalization, it decreased by 0.7% YoY. Ina’s share is the biggest constituent of the total exchange’s equity market capitalization, accounting for about 22.4% of the total value. Next, come two Croatian banks – Zagrebačka banka and PBZ with 13.6% and 10.4%, respectively. Further, HT holds 9.6% while Adris accounts for 3.7% of the total market capitalization value.

When compared to the beginning of the month the main index CROBEX increased by 1.72%, ending at 1,883.11 points. Meanwhile, CROBEXtransport observed the highest increase of 7.5% of all sector indexes. On the flip side, CROBEXkonstrukt recorded the highest decrease of 5.88%.

Average Daily Turnover (Jan – Jun 2019) (EUR m)

Trading statistics for June 2019 show an average daily turnover of EUR 1.45m (-23.7% YoY). Meanwhile, in June, SBI TOP slightly increased by 0.29%, ending at 881.59 points.

The Ljubljana Stock Exchange published their trading statistics for June 2019, showing an average daily turnover of EUR 1.45m. This represents a decrease of 23.7% YoY.

Of the total traded value traded in the period, Krka generated 32.8%, followed by NLB with 18.5%, Triglav with 15.5%, Petrol with 9.2%, Cinkarna Celje with 8.34%. These 5 shares generated more than 84% of the turnover recorded by the entire market.

Turning our attention to the share price performance of the constituents of the SBI TOP index in June, 6 out of 11 companies recorded a share price increase. Luka Koper and Intereuropa observed the highest increase of 6.7%. Petrol and Krka follow with a 3.2% and 3% increase, respectively. On the flip side, Cinkarna Celje observed the highest decrease of 13.5%, followed by Triglav (-6.2%) and NLB (-5.8%). However, it is worth noting that these companies went ex-date in June.   

When observing the total equity market capitalization, it decreased by 0.7% MoM, amounting to EUR 6.78bn. Krka’s share is the biggest constituent of the total exchange’s equity market capitalization, accounting for about 30.4% of the total value. Next, comes NLB with 17.4%. Further, Petrol holds 10.99% while Triglav accounts for 10.6%.

When compared to the beginning of the month the main index SBI TOP slightly increased by 0.29%, ending at 881.59 points.

In June, the Belgrade Stock Exchange observed an average daily turnover of EUR 2.54m (+1613 YoY). Such a high increase in turnover could be mostly attributed to the purchase of 6.8% shares in Komercijalna Banka by the Serbian Government, which amounted to EUR 43.7m.

The Belgrade Stock Exchange reported a turnover of EUR 50.8m in June 2019 (when observing solely equity), which represents an increase of 1613% YoY. This would translate to an average daily turnover of EUR 2.54m. Note that such a high increase in turnover could be mostly attributed to the purchase of 6.8% shares in Komercijalna Banka by the Serbian Government, which amounted to EUR 43.7m. The shares were bought from 2 funds – DEG (from Germany) and Svedfond (from Sweden) which exercised their put option connected to the privatization tender of the state-owned bank.

In June, the most traded share (excluding block transactions) was Sojaprotein (EUR 3.81m), whose share price remained flat. Victoria Group, the majority owner continued with the purchase of remaining shares on the open market. You can read more about it here. Komercijalna Banka follows with EUR 0.92m, recording a share price increase of 5.32%. AERO comes next, with a turnover of EUR 0.4m, observing an increase of 4.77%.

When observing gainers of the BELEX 15 index, Komercijalna Banka observed the highest increase of 5.32%, followed by Jedinstvo (+5.26%). Next comes AERO which observed an increase of 4.77%.

Turning our attention to BELEX15, the index observed a decrease of 0.23%, representing a decrease for the second consecutive month. Meanwhile, the index recorded a decrease of 3.95% YTD.

The renewed authorization issued by ANCOM applies for 12 months starting 1 July 2019.

DIGI Communications published a document stating that the National Authority for Management and Regulation of Communications in Romania (ANCOM) has authorized DIGI’s subsidiary RCS&RDS to continue to apply a surcharge for certain mobile telephony roaming services supplied to its customers traveling in the European Economic Area.

By decision issued on 1 July 2019, for allowing RCS&RDS to continue to recoup the costs incurred for the supply of roaming services and to continue to apply the national tariffs in Romania, ANCOM has authorized RCS&RDS request to apply a surcharge, on top of the national tariffs, for certain roaming services supplied to its own customers traveling in the EEA, but without going above the maximal values as follows:

• 0.0187 EUR/min (excluding VAT), for the calls made by its clients,
• 0.0085 EUR/min (excluding VAT), for the calls received by its clients
• 2.20 EUR/GB (excluding VAT).

The renewed authorization issued by ANCOM applies for 12 months starting 1 July 2019.