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© Erste vrijednosni papiri Zagreb d.o.o. |
Highlights:
- CROBEX down 1.3%, lowering below 3,500 points, poor market liquidity
- Optima Telekom – More than 25% market share in 10 cities
- Jadranka to pay out HRK 15 per share in dividends
market comment:
Poor market liquidity and pessimistic sentiment were the main characteristics of the Croatian equity market on Wednesday. The market recorded only HRK 26mn in regular turnover, with only six stocks recording more than HRK 1mn in turnover, one of which, Varteks, in a block transaction. The CROBEX lost 1.3% and declined to 3,455 points, the lowest level since April, mostly due to poor performances by its two major movers. Oil company INA (- 1.9%) and telecom T-Hrvatski Telekom (-2.1%) performed poorly and recorded the most significant losses among high turnovers. Chemical company Dioki surged 8.4%, mostly due to speculation that the company will profit from a future LNG terminal, which could be built on the company’s land. Confectionery producer IPK Kandit jumped 4.3%, backed by speculation on Agrana’s interest in the company and possible consolidation on the market. Construction company Ingra lost 3.6% and declined to its lowest level since the stock split.
market outlook:
The Croatian equity market could witness slightly negative movements again on Thursday, as the support on CROBEX at 3,500 points level was breached.
Corporate news:
Optima Telekom – More than 25% market share in 10 cities
Telecom company Optima Telekom, the second biggest fixed telephony operator in Croatia, announced that it has gained more than 25% market share in 10 bigger Croatian cities so far, according to reports in Croatian daily Poslovni dnevnik. The company has its strongest position in eastern Croatia, where its market share reaches up to 52% in some cities, Poslovni dnevnik said. According to data published by the Croatian Telecommunications Agency, out of all users who changed their fixed telephony operator, 56% went to Optima Telekom.
Jadranka to pay out HRK 15 per share in dividends
Tourism company Jadranka held an AGM on August 22 and decided to pay out HRK 15 per share in dividends (dividend yield of 1.2%) to all shareholders registered at the Central Depository Agency on October 5.
Crobex (chart)
Top 10 Turnovers (table)
Top 5 Winners (table)
Top 5 Losers (table)
Croatian Equity Daily (table)
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To view the original document, please click on the link below:
http://reports.aiidatapro.com/CBB/ErsteSecurities/Daily_28_08_2008.pdf
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Copyright: Erste Securities Zagreb, Croatian Equity Daily, Thursday, May 31, 2007 sales : Zeljka Kajkut-Brni Phone: +385 62 37 2811 kajkutz@erstebank.com Damir Eror Phone: +385 62 37 2813 erord@erstebank.com Research: Damir Cukman Phone: +385 62 37 2820 cukmand@erstebank.com Davor Spoljar Phone: +385 62 37 2825 dspoljar@erstebank.com
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Daily 28 08 2008.pdf, 186 Kb
