Daily comment:
Due to the pre closing rally of index heavy weight Ina (INA-R-A) and several other issues, popular benchmark managed to close up by 0,7% at 3.635,56 pts. Oil company Ina gained 2,7% on 18,6 m HRK turnover, where media speculations that MOL could announce public offer for Ina at the end week inspired demand for today’s top liquid issue. Significantly increased stock turnover of HRK 80,7 million is a result of several block transactions in total amount of HRK 41,2 million, as some investors probably restructure its portfolio. Tourism company Plava laguna (PLAG-R-A) collected 15,0 m HRK in turnover, where total 5.000 shares were traded at price of HRK 3.000 a piece. Expect PLAG issue, holding company Dom Holding (KORF-R-A) and its vital tourism arm Riviera Porec (RIVP-R-A) experienced block trading today, with transactions worth HRK 13,3 million and HRK 12,9 million respectively. Coffe and snacks producer Franck (FRNK-R-A) announced positive Q2 results, in terms of sales and operating profitability increase. sales rose by 17,9% to HRK 149,1 million driven with 20% higher result from domestic market. Operating income soared by almost 40% to HRK 39,8 million, as Changes in inventories item gave its positive contribution amounting to HRK – 4,1 million vs. HRK – 1,6 million in Q2 2007. Corresponsive margin reached 10,6%. EBITDA is higher by 17,3% to amount of HRK 21,5 million, while EBITDA margin slightly decreased to 14,4% vs. Q2 2007 14,5%. Net financial gain deteriorated by more than 90% due to interest expense increase. Franck share slipped 0,4% on minimum turnover. Shipping company Atlantska plovidba (ATPL-R-A) shared CROBEX’s destiny today, spending almost whole day in negative territory and then to close at HRK 2.370 or 0,7% up. Heavy constructor Hidroelektra niskogradnja (HDEL-R-A) gained 2,1%, as investors awarded improved Q2 operating profitability.
news flash:
- Another Amenity Vanishes as Carriers Shut Lounges
- Alcatel-Lucent Chiefs to Step Down
- Female workers win in pay ruling
- BA and Iberia hold merger talks
CROBEX index - Zagreb Stock exchange 0,7%
change in 2008. -30,6%
Avg price change for CROBEX members (table)
market multiples -shares (table)
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