September 9 (SeeNews) - The long-awaited debut of Slovenia’s largest insurer Zavarovalnica Triglav on Tuesday disappointed the market players as its stock price fell below the expected level, brokers said.“At opening the starting price was 53.55 euro. […] The share broke the 50 euros level after 15 minutes and then the whole day it traded below 50 euros per share”, Uros Ozbolt, a broker at Poteza brokerage told SeeNews.“It is a bit below the current expectations because the forecast was that the share will be trading between 50 and 60 euros per share and this is a disappointment,” he added.About 6,500 shares in Triglav had changed hands by 0945 GMT, Ozbolt said.He added that he expects the stock to trade in the range of 45 to 50 euro in lower volumes in the next days.State-controlled Zavarovalnica Triglav has a market share of over 40% in Slovenia and is also present on the markets of Bosnia and Herzegovina, Serbia, Macedonia, Croatia, Montenegro and the Czech Republic. Its capital is divided into 22,735,148 shares.($ = 0.7079 euro)
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