Daily comment:
After spending almost whole day in negative territory, popular benchmark managed to close 0,2% up to 3.644,5 pts. The liquidity significantly improved today, as total stock turnover amounted to HRK 59,5 million. Unlike last days, oil company Ina (INA-R-A) wasn’t the top liquid issue. Collecting total turnover of HRK 8,4 million, paper producer Belišće (BLSC-R-A) topped the liquidity board while its closing price remained almost unchanged at HRK 798,9. In block transaction on April, 25th Austrian company Duropack became the biggest Co’s shareholder. This Vienna based paper producer currently holds 24,7% of Belisce’s shareholders equity. Leading domestic retail chain Konzum (KNZM-R-A) soared by 6,1%, on media speculations that Konzum’s mayor owner, holding Agrokor, will bid for Russian retail chain Lenta. One way for Agrokor to collect assets for this acquisition is through public offer of Konzum shares. Profit taking negatively affected Adris Group preferred share (ADRS-P-A) and engineering & consulting company IGH (IGH-R-A), which declined by 2,3% and 0,8% respectively. Zagrebacka bank (ZABA-R-A) attracted investor’s attention today, gaining 1,6% on 5,9 m HRK turnover. Although Croatian banking sector has matured in certain extent, Zagrebacka banka with firm leading rating should hold its position and sound performance. Negative impulses for the banking sector can be found in turmoil on the financial markets and overall unenthusiastic investors’ sentiment, as well as tightened monetary policy of central bank, that the bank deal with successfully in 2007 and follows to do so in the 2008. Despite further BDI’s decline to 8.771 pts, shipping company Atlantska plovidba (ATPL-R-A) managed to close 1,2% thanks to the before closing rally.
news flash:
- credit Suisse Earnings Fall 62% but Top Expectations
- Carmakers tackle global problems
- Oil Survey Says Arctic Has Riches
- Credit Suisse Earnings Fall 62% but Top Expectations
CROBEX index - Zagreb Stock exchange 0,2%
change in 2008. -30,4%
Avg price change for CROBEX members (table)
market MULTIPLES -SHARES (table)
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stock report20080724.pdf, 110 Kb
