Business

Crobex Drops by 0.5% as Dalekovod Shares Plunge in Price

By 21 May 2021
Crobex Drops by 0.5% as Dalekovod Shares Plunge in Price
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ZAGREB, 21 May 2021 - The Zagreb Stock Exchange Crobex index ended the last trading day of the week by going down by 0.5%, due to a drastic fall in the price of the Dalekovod transmission line producer's shares of 59%.

 The Crobex index fell by 0.52% to 1,943 points while the Crobex10 remained stable at 1,200 points.

Nevertheless the main indices ended the week in the green, with the Crobex strengthening by 0.18%, increasing for the fifth week in a row, while the Crobex10 increased by 0.6% on the week.

Regular turnover amounted to HRK 5.8 million or about one million less than on Thursday.

Investors focused on the Dalekovod stock, which generated a turnover of HRK 1.25 million. The price of Dalekovod shares, however, plunged by 59.14% to close at HRK 2.37 per share.

Dalekovod has called a meeting of its shareholders' assembly for 30 June to decide about capital stock reduction and an increase in the capital stock.

The greatest turnover was generated with the preferred shares of the Atlantska Plovidba shipping company, amounting to HRK 1.36 million. Their price dropped by 1.33% to HRK 372.

A total of 42 stocks traded today, with 12 of them registering share price increases, 16 recording share price decreases and 14 remaining unchanged.

(€1 = HRK 7.508080)

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