Slovenian Stocks Rise in Small Volumes, Drug Maker Krka Shines

“After several days of negative trends, the Ljubljana Stock Exchange (LJSE) indices swung to a positive direction,” local brokerage house Ilirika said in a daily note.

The blue-chip SBITOP index of the Ljubljana Stock Exchange (LJSE) rose 2.87% to 824.68 points after losing 4.32% on Tuesday. The broader 15-share SBI20 index added 3.06% to 3,566.12 points.

Total LJSE turnover more than halved to 4.3 million euro ($6.0 million) on Wednesday from 9.75 million euro a day earlier with the prime equity market contributing 2.1 million euro to the total. Weak turnovers have dominated the market in the past few weeks.

As usual, shares in drug maker Krka were the most traded, Ilirika said. Krka rose 1.3% to an average price of 46.6 euro in one million euro of turnover.

Financial company Maksima Invest gained most, adding 19.59% to an average price of 4.64 euro per share.

The LJSE will remain closed for Christmas on Thursday and Friday.

Market analysts have said Slovenia's shattered capital market is not likely to rebound before the middle of next year when an expected recovery of the economy at home and abroad is likely to bring back investor confidence. Steep rises, however, are uncertain, they added.

($ = 0.7146 euro)