March 16, 2023 - Cautious trading is expected on the Zagreb Stock Exchange on Thursday, where the Crobex index could stagnate, and the focus of investors will be events on world stock exchanges, which could recover after yesterday's sharp fall.

As Index reports, all analysts who participated in the Hina survey today expect Crobex to stagnate.

The Crobex index sank on Wednesday by 1.76 percent, to 2,218 points, and Crobex10 by 1.73 percent, to 1,267 points.

It was the biggest daily decline of these indices in the last two months, and they slipped to the lowest levels since February 27.

At the same time, all sector indices also fell, with Crobextransport seeing the most significant change of 4.87 percent.

Regular share turnover amounted to approximately 1.37 million euros, about 100 thousand more than the day before.

"The main stock indices on the Zagreb Stock Exchange ended yesterday's trading in the 'red', following the negative sentiment that prevailed on foreign markets. The total turnover amounted to EUR 1.4 million. Almost the total amount related to the trading of shares, while bonds were traded in the amount of only 5 thousand euros," points out Miso Kalajzic, head of brokerage trading at OTP bank.

The highest turnover achieved by the HT share

The highest turnover, 177 thousand euros, was achieved yesterday by the HT shares, whose price fell by 0.78 percent to 25.50 euros.

With a turnover of 163.5 thousand euros, Span shares followed, whose price sank by 2.58 percent to 49.1 euros.

The focus was also on the Podravka shares, with which EUR 146,000 was realized, with the price falling by 2.17 percent to EUR 90.

Shares of Atlantska Plovidba achieved more than 100,000 euros in turnover, whose price fell by almost three percent to 58.6 euros.

The biggest loser was the share of Alpha Adriatic, with a price drop of 10.5 percent to 23.8 euros.

The share price of the Zagreb Stock Exchange rose the most, by 2.7 percent, to 3.8 euros.

A total of 37 shares were traded on the Zagreb Stock Exchange yesterday, of which the price of only four rose, 25 fell, and eight stagnated.

"For today, we predict stagnation in the movement of stock indices, whereby the direction could largely depend on the sentiment on foreign markets," said Miso Kalajzic.

Fear of a banking crisis weighed on world stock markets

Thus, yesterday, Crobex followed the sharp decline of European stock market indices. The London FTSE slipped 3.8 percent, while the Frankfurt DAX sank 3.3 and the Paris CAC 3.6 percent.

Stock indices suffered sharp corrections on the most important European stock exchanges yesterday. The biggest losses were in the shares of the banking sector, continuing the crisis that started last week with the collapse of the SVB bank in the USA. Of yesterday's more important announcements, the growth of industrial production in the Eurozone stands out, which was somewhat better than expected, while in the USA, a drop in the rate of producer prices was recorded, as well as a drop in retail sales.

Stock prices fell on Wall Street on Wednesday. The Dow Jones lost 0.9 percent, and the S&P 500 lost 0.7 percent. The Nasdaq index gained 0.05 percent.

Recovery is expected

This morning, European futures indices are positive, which heralds the market's recovery after yesterday's sharp decline caused by the problems of the second-largest Swiss bank, Credit Suisse.

Credit Suisse's share price sank about 14 percent to record lows yesterday after the bank reported weaknesses in its financial statements for the past year, and the bank's biggest investor, Saudi National Bank, said it could not provide any further financial support aid to this Swiss bank.

This, along with the collapse of SVB at the end of last week, caused speculation about which other banks could be in trouble.

But fears of a banking crisis eased somewhat this morning after news that the Swiss central bank will open a nearly $54 billion credit line to Credit Suisse.

For more, make sure to check out our dedicated News section.

ZAGREB, 29 June 2022 - Amid careful trading on the Zagreb Stock Exchange on Wednesday, the main indices increased, with the Crobex continuing a four-day rise despite a poor turnover.

The Crobex strengthened by 0.24% to 2,035 points. At the same time, the Crobex10 increased by 0.31% to 1,207 points, increasing for the second day in a row.

Regular turnover amounted to almost HRK 4.6 million, which was 1.6 million less than on Tuesday.

Not one stock crossed the million kuna mark. The most traded was Ericsson Nikola Tesla, turning over HRK 560,000. It closed at HRK 1,815 per share, the same as yesterday.

Twenty-seven stocks traded today, with 9 increasing and 8 decreasing in price, while 10 remained stable.

(€1 = HRK 7.525950)

For more, check out our business section.

ZAGREB, 20 May 2022 - The main Zagreb Stock Exchange (ZSE) indices -- the Crobex and the specialized Crobex 10 -- rose by 0.39% to 2081.62 points and by 0.37% to 1240.79 points respectively on Friday.

Today's turnover was HRK 4.3 million, a million kuna more than on Thursday.

None of the stocks passed the turnover mark of one million kunas. The highest turnover, HRK 982,300, was generated by the stock of the Valamar Riviera tourism company. It share price rose 2.1% to HRK 34.10 per share.

A total of 40 stocks were traded today, with 15 of them increasing and also 15 decreasing, and 10 remaining stables in price.

(€1 = HRK 7.529183)

For more, check out our business section.

ZAGREB, 16 May 2022 - The main Zagreb Stock Exchange (ZSE) indices slid 0.2% on Monday amid cautious trading.

The Crobex decreased by 0.22% to 2,077 points and the Crobex10 by 0.25% to 1,238 points.

The industry index saw the biggest decline, of 0.96%, while the construction index rose by as much as 15.13%, thanks to a jump in the price of the stock of the Institut IGH construction company by nearly 28%, to HRK 110 per share.

Regular turnover amounted to HRK 5.8 million, or HRK 1.1 million less than on Friday.

The only stock with the one million kuna turnover mark was that of the Croatian Postal Bank (HPB), which turned over HRK 1.14 million, closing at HRK 910 per share, down 0.55%.

Forty-one stocks traded on the ZSE today, with 16 registering share price increases, 15 recording price decreases and 10 remaining stable in price.

(€1 = HRK 7.526206)

For more, check out our business section.

ZAGREB, 6 May (2022) - The main Zagreb Stock Exchange (ZSE) indices ended the week in red, with the Crobex falling by 0.92% to 2,110 points and the Crobex10 by 0.87% to 1,257 points.

Turnover at the close of the trading session was HRK 10.8 million, about 2.3 million higher than on Thursday. An additional HRK 4.9 million was generated by a block transaction with the Atlantic retail group stock at HRK 1,620 per share.

The Atlantic Group stock also generated the highest turnover in the regular session, of HRK 1.74 million. Its price remained stable at HRK 1,640.

Three more stocks passed the turnover mark of one million kuna.

The Span IT company turned over HRK 1.22 million, closing down 0.82% at HRK 243 per share.

The Valamar Riviera hotel company turned over HRK 1.06 million, ending the day at HRK 34.7 per share, down 2.53%.

The HT telecommunications company turned over HRK 1.05 million. Its price dropped by 0.81% to HRK 182 per share.

Forty-one stocks traded today, with eight of them increasing, 22 decreasing and 11 remaining stable in price.

(€1 = HRK 7.545685)

For more, check out our business section.

ZAGREB, 29 April (2022) - The Valamar Riviera hotel company generated HRK 59.5 million in operating revenues in Q1 2022, up 97% year-on-year, with an increase of 147,000 in overnight stays, or 192%, the company said in a financial statement on Friday, announcing a return to the occupancy rate from 2019 this year.

Total revenues reached HRK 74.8 million, up 119% on the year.

"In Q1 2022, Valamar Riviera achieved results comparable to 2019, continuing the positive trend of tourism recovering to the pre-pandemic level," Croatia's largest tourist company said.

In that period, total expenditures reached nearly HRK 314 million, so the group ended Q1 with a loss of HRK 199.85 million.

Investments for the 2022 season in hotels, summer resorts and camps amount to about HRK 530 million and are an important driver of growth and positive expectations, the company said.

Among the largest investment projects is the investment by Imperial Riviera of HRK 67 million in the repositioning of the Dalmacija hotel in Makarska, whose opening is planned for mid-May.

The investments of Helios Faros are worth HRK 220 million and are related to the construction of the Valamar Amicor Green Resort and Aquamar pool complex on the island of Hvar.

Other investments for this season include the renovation of the hotel Corinthia in Baška on the island of Krk in the Valamar brand Sunny Plus, improving service quality at the Valamar Bellevue Hotel in Rabac, the construction of Padova beach on the island of Rab, and the continuation of investments in the camps Istra Premium Camping Resort and Lanterna Premium Camping Resort.

In Dubrovnik, a new Valamar House has opened for the accommodation of seasonal workers, the fifth in Valamar destinations.

"The results achieved in the first quarter and booking trends are encouraging and announce a high demand for Croatia in this tourist season and a return to the levels of occupancy from 2019. Due to a significant rise in energy, labour and procurement prices, there is a risk of inflation, which contributes to uncertainty and difficult business conditions, especially jeopardising the future development and investments that Croatian tourism really needs," said Željko Kukurin, President of the Management Board of Valamar Riviera.

(€1 = HRK 7.5)

For more, check out our business section.

ZAGREB, 29 April (2022) - The Podravka Group generated a net profit of HRK 88.8 million in the first quarter of 2022, a decrease of 15.6% over the same period in 2021, the Koprivnica-based food company said in a financial statement on Friday, noting that the direct cause of the decreased profit was the Ukraine crisis.

EBITDA (earnings before interest, tax, depreciation and amortisation) was 7.7% lower while net profit was 15.6% lower than in 2021, which is a direct result of the Ukraine crisis, Podravka said in a press release.

Sales revenue amounted to HRK 1.18 billion, or 8.6% more compared to the same period last year.

The stronger revenue was generated by the food segment (+10.8%), while the pharmaceutical segment registered a growth of 0.6%.

Podravka generated a loss of 6.5% on the Russian and Ukrainian markets in 2021.

The company is continuing with its optimisation of costs and increasing efficiency to buffer the impact of increased input costs.

Podravka further reported that as of 1 March wages had increased by an average of 11% and the company would invest a further HRK 35 million this year to increase wages.

(€1 = HRK 7.557837)

For more, check out our business section.

ZAGREB, 22 April (2022) - The main Zagreb Stock Exchange (ZSE) indices fell slightly on Friday, with the Crobex decreasing by 0.09% to 2,134 points and the Crobex10 by 0.1% to 1,285 points.

Turnover at the close of the trading session amounted to HRK 7.5 million, roughly the same as on Thursday.

Three stocks passed the turnover mark of one million kuna.

The highest turnover, of HRK 1.8 million, was generated by the stock of the Valamar Riviera hotel company. Its price fell by 1.39% to HRK 35.50.

The stock of the HT telecommunications company turned over HRK 1.5 million, closing at HRK 192.5 per share, down 0.26%.

The stock of the state-owned postal bank HPB turned over HRK 1.1 million. Its price increased by 1.08% to HRK 940 per share.

A total of 43 stocks traded today, with 17 increasing, 15 decreasing and 11 remaining stable in price.

(€1 = HRK 7.559050)

For more, check out our business section.

ZAGREB, 21 April 2022 - The Zagreb Stock Exchange (ZSE) indices went in opposite directions on Thursday, remaining relatively unchanged, with the Crobex increasing by 0.11% to 2,136 points and the Crobex10 decreasing by 0.1% to 1,286 points.

Regular turnover amounted to HRK 7.5 million, about HRK 4.4 less than on Wednesday.

The only stock to cross the one million kuna turnover mark was the Valamar Riviera hotel company, which turned over nearly two million kuna. Its price went up by 1.4% to HRK 36 per share, its highest level since February 2020.

A total of 42 stocks were traded on the ZSE today, with 23 gainings and nine losing in price, while 10 were stable.

(€1 = HRK 7.554607)

For more, check out our business section.

ZAGREB, 18 March (2022) - The main Zagreb Stock Exchange (ZSE) indices continued to rise on Friday, with the Crobex going up for the sixth trading day in a row, by 0.4% to 2,050 points, and the Crobex10 increasing for the eighth consecutive trading day, by 0.59% to 1,237 points.

Regular turnover amounted to HRK 11.8 million, or HRK 4.2 million more than on Thursday.

The HT telecom was the most traded stock, turning over HRK 2 million. Its price dropped by 0.26% to HRK 189 per share.

The Optika Telekom stock generated a turnover of HRK 1.99 million, closing at HRK 5.3 per share, up 1.15%.

The stock of the Podravka food company turned over HRK 1.3 million, closing at HRK 628, up 2.95%.

Forty-two stocks traded on the ZSE today, with 20 gaining and 12 losing in price, while 10 were stable.

(€1 = HRK 7.570296)

For more, check out our business section.