ZAGREB, 30 March (Hina) - The Zagreb Stock Exchange (ZSE) indices on Tuesday went up by around one percent, following an increase in the value of indices on European stock markets, with investors focusing on the Podravka food and pharmaceutical company.

The Crobex went up by 0.89% to 1,867 points while the Crobex10 rose by 1.08% to 1,170 points.

Even though many European countries are in lockdown to prevent the third wave of the coronavirus epidemic, European stock markets are growing as investors hope economic recovery will accelerate.

Regular turnover on the Zagreb Stock Exchange today amounted to close to HRK 5 million, around HRK 400,000 more than on Monday.

The only stock that crossed the million kuna turnover mark was Podravka, which generated a turnover of HRK 1.05 million, with its price going up by 2.27% to HRK 540.

A total of 35 stocks traded today, with 12 of them recording share price increases, 6 registering price decreases and 17 remaining stable in price.

(€1 = HRK 7.567224)

For more about business in Croatia, follow TCN's dedicated page.

ZAGREB, 26 March, 2021 - The main Zagreb Stock Exchange (ZSE) indices closed mixed on Friday, amid modest trading.

After falling for two days, the Crobex index rebounded slightly, rising by 0.09% to 1,848.06 points. The Crobex10, on the other hand, finished in the red for the third trading day, decreasing by 0.06% to 1,154.63 points.

Turnover at the close of the trading session was HRK 5.97 million, roughly the same as on Thursday.

The bulk of the turnover was generated by the stock of the Podravka food company, turning over HRK 3.4 million. The price of its share closed down 1.53% at HRK 516.

No other stock passed the turnover mark of one million kuna.

A total of 37 stocks traded today, with 14 of them recording share price increases, 10 registering price decreases and 10 remaining stable in price.

(€1 = HRK 7.570196)

For more about business in Croatia, follow TCN's dedicated page.

ZAGREB, 25 March, 2021 - The main Zagreb Stock Exchange (ZSE) indices fell on Thursday for the second day in a row, with the Crobex dropping by 0.38% to 1,846.46 points and the Crobex10 by 0.57% to 1,155.33 points.

Turnover at the close of the trading session was HRK 5.88 million, about 2 million higher than on Wednesday. An additional HRK 2.5 million was generated by a block transaction with shares of the Atlantic retail group, at HRK 1,470 per share.

The only two stocks to pass the turnover mark of one million kuna were the HT telecommunications company and the Podravka food company, each turning over HRK 1.1 million. The price of the HT share decreased by 0.53% to HRK 188, while the Podravka share shrank in price by 1.87% to HRK 524.

The winner of the day was the Sunce Hoteli hotel company, which saw the price of its share jump by 6.02% to HRK 176 following the announcement that it was in the process of being taken over by the Eagle Hills Zagreb Real Estate company, owned by a businessman from the United Arab Emirates.

A total of 37 stocks traded today, with 13 of them recording share price increases and as many registering share price decreases, while 11 remained stable in price.

(€1 = HRK 7.570626)

For more about business in Croatia, follow TCN's dedicated page.

ZAGREB, 24 March, 2021 - The main Zagreb Stock Exchange (ZSE) indices dropped by about 0.5% on Wednesday, with the Crobex decreasing by 0.48% to 1,853.53 points and the Crobex10 slipping by 0.54% to 1,161.91 points.

Regular turnover amounted to a mere HRK 3.8 million, about 2 million less than on Tuesday, and not one stock crossed the turnover mark of one million kuna.

The highest turnover, of HRK 770,100, was generated by the Atlantic food group. The price of its shares dropped by 0.68% to close at HRK 1,470 per share.

(€1 = HRK 7.570356)

For more about business in Croatia, follow TCN's dedicated page.

ZAGREB, 17 March, 2021 - The main Zagreb Stock Exchange indices slipped on Wednesday by about 0.7%, falling for the second straight day amid a poor trading day of just over HRK 3 million.

The Crobex fell by 0.73% to 1,863 points and the Crobex10 fell by 0.68% to 1,172 points. Both indices dropped for the second day running.

All sector indices dropped too with the construction index falling the most by 5.93%. 

Regular turnover was a mere HRK 3.3 million or 2.2 million less than a day earlier.

Not one stock crossed the million kuna mark.

The highest turnover of HRK 676,000 was generated by the HT telecommunications company with the price of its shares plunging by 1.79% to close at HRK 192.50.

(€1 = HRK 7.6)

For more about business in Croatia, follow TCN's dedicated page.

ZAGREB, 11 March, 2021 - After a slight drop on Wednesday, the Zagreb Stock Exchange (ZSE) Crobex index rebounded on Thursday, increasing by 0.12% to 1,864.90 points, while the Crobex10 continued its upward movement for the fourth day in a row, closing up 0.25% at 1,166.04 points.

Turnover at the close of the trading session reached HRK 7.3 million, about 2 million less than on Wednesday.

The highest turnover, of HRK 2.25 million, was generated by the stock of the HT telecommunications company. It closed at HRK 192 per share, up 2.13%, its highest price since June 2013 when it closed at slightly over HRK 200 per share.

The only other stock to pass the turnover mark of one million kuna was plastic car parts manufacturer AD Plastik, turning over HRK 1.2 million. It ended the day at HRK 185.50 per share, up 0.27%.

A total of 44 stocks traded today, with 18 of them recording share price increases, eight registering price decreases and 18 stagnating in price.

(€1 = HRK 7.582776)

For more about business in Croatia, follow TCN's dedicated page.

ZAGREB, 5 March, 2021 - The main Zagreb Stock Exchange (ZSE) indices fell on Friday amid a slightly higher turnover than the previous day, with the Crobex dropping by 0.85% to 1,829 and the Crobex10 by 0.52% to 1,139.

Week-on-week, the Crobex slid by 0.2%, while the Crobex10 increased by 0.63%.

All sectoral indices finished the day in the red, with the tourism index showing the biggest decline, of 1.35%.

Today's regular turnover was HRK 5.7 million, or HRK 1.7 million more than on Thursday.

The stock of the HT telecommunications company was the only one to cross the one million kuna mark, and it generated a turnover of slightly more than HRK 2 million. Its price went up by 1.1% to HRK 183 per share.

The company today said that a meeting of the Supervisory Board would be held on Tuesday, 9 March, when annual financial reports and the proposal for the use of profit for 2020 would be determined, and on Wednesday the revised financial reports the proposal for the use of profit would be published.

The stock of the Valamar Riviera tourism company turned over HRK 773,000, its price dropping by 2.62% to HRK 29.7 per share.

Thirty-eight stocks traded today, with 10 of them registering share price increases, 22 recording price decreases and sixremaining stable in price.

(€1 = 7.576668)

ZAGREB, 4 March, 2021 - The Zagreb Stock Exchange Crobex index increased 0.07% to 1,845 points on Thursday, while the Crobex10 decreased 0.07% to 1,145 points, with a regular turnover of just under HRK 4 million.

No stock crossed the million kuna mark. The most traded stock was the Podravka food company, turning over HRK 786,000. It closed at HRK 518 per share, up 0.39%.

Forty-one stocks traded today, 16 ending with share price increases, 17 with share price decreases and eight ending stable.

(€1 = HRK 7.573946)

ZAGREB, March 14, 2020 - The main Zagreb Stock Exchange (ZSE) indices on Friday increased by approximately 6%, recovering in part after the previous day's losses which exceeded 10%, however, on the weekly level they sank for the third week in a row, by nearly 17%.

On Friday, the Crobex index rebounded by 5.78% to 1,512 points, and the Crobex10 by 6.04% to 902 points. All sector indices were in the green today, and the building sector increased the most, by 8.26%.

The main stock exchange indices recouped a part of the previous day's losses, when they sank by more than 10% in the first minutes of trading, to their lowest levels in the last 11 years. Consequently, the ZSE suspended trading for an hour yesterday, and afterwards, the Croatian Financial Services Supervisory Agency (HANFA) decided to suspend trading until the end of the day.

Including the previous day's decrease, the ZSE indices plunged by 16.9%, and, consequently, around HRK 13.8 billion of stock market value was deleted from the stock exchange.

On Friday morning trading was resumed, and in the course of the day indices soared by up to 7.5%. Their recovery today was for the largest part stimulated by the recovery of stock prices at the European stock exchanges, which followed yesterday's record fall, and which was influenced by investors' hope that the measures adopted by a series of central banks and governments in the world would mitigate the impact of the coronavirus pandemic on the economy.

At the Zagreb Stock Exchange, regular turnover reached HRK 52.9 million, and almost HRK 53 million was realised in block trading.

The Adris Group stock realised HRK 35 million in regular trading, followed by the Valamar Riviera hotel group stock (HRK 8.5 million), the Podravka food and pharmaceutical company stock (HRK 3.35 million), Končar Electrical Industry (HRK 3.23 million), and Arena Hospitality Group (HRK 2.86 million).

The HT Telecom stock was the most liquid in regular turnover, realising HRK 9.24 million, with its price rising by 3.73%, to HRK 153 per share.

The Valamar Riviera hotel group stock turned over HRK 8.3 million, and its price increased by 10.68% to HRK 22.8 per share.

The Podravka food and pharmaceutical company stock turned over HRK 6.83 million, and its price skyrocketed by 16.56% to HRK 373 per share, making it the winner among the most liquid stocks.

More business news can be found in the dedicated section.

ZAGREB, February 18, 2020 - The Zagreb Stock Exchange (ZSE) decided on Monday to delist the shares of seven members of the former Agrokor food and retail conglomerate over their failure to meet the transparency obligations under the law and ZSE rules.

The shares of water bottler Jamnica, ice-cream and frozen food producer Ledo, cooking oil producer Zvijezda, news agent's Tisak and agricultural companies Belje, Vupik and PIK Vinkovci have not traded on the ZSE since 1 March 2018 when the HANFA regulator temporarily suspended trading in their shares.

The ZSE said in a lengthy explanation that the companies had repeatedly failed to meet their transparency obligations under the law and ZSE rules, including the publication of quarterly and annual financial statements and their financial obligations towards the ZSE.

In taking its decision, the ZSE took into account the 24 December 2019 declaration by the seven companies that they would not be able to meet the requirements of the ZSE's new rules because they did not have the necessary organisational procedures in place to be able to do that.

More news about the former Agrokor can be found in the Business section.