You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Zagreb stock indices tumble in wake of Russian assault on Ukraine

Author Annie Tsoneva
Zagreb stock indices tumble in wake of Russian assault on Ukraine Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), February 24 (SeeNews) - The two main equity indices of the Zagreb Stock Exchange (ZSE) plunged by almost 6.50% each in brisk trading on Thursday, in sync with a slump of global stock markets prompted by the Russian invasion of Ukraine, ZSE data showed.

The 21-share blue-chip CROBEX dropped 6.48% to finish at 1,983.12 points. The narrower CROBEX10 which tracks the top ten companies in terms of free float, market capitalisation and liquidity, fell 6.47% to 1,201.42 points.

Hrvatski Telekom [ZSE:HT] was the most liquid share on the Zagreb bourse with a turnover of 4.7 million kuna on Thursday. The telco's share price fell 2.66% to 183 kuna as investors shrugged off the news that its net profit last year rose 4.5% to 615 million kuna.

Shares of blue-chip ICT solutions provider Ericsson Nikola Tesla [ZSE:ERNT] lost 6.45% to finish at 1,740 kuna in a turnover of 2.7 million kuna even though the company announced earlier on Thursday that its consolidated net profit rose 87.6% on the year in 2021, reaching 177.3 million kuna.

Shares of food and pharmaceuticals producer Podravka [ZSE:PODR] depreciated 8.54% to end at 600 kuna in a turnover of 2.5 million kuna.

Shares of shipping company Atlantska Plovidba [ZSE: ATPL] lost 11.52% to 384 kuna in a turnover of 2.2 million kuna. In a lower tunrover, another shipping company, Jadroplov [ZSE: JDPL], shed 17.91% of its share price.

Car part maker AD Plastik [ZSE: ADPL], which runs two production plants in Russia, was the biggest loser on Thursday with a 17.95% drop in share price. Its shares ended at 128 kuna in a turnover of 1.7 million kuna. The company published on Thursday its consolidated financial report for 2021 which showed that its net profit fell almost 53% last year.

Only two stocks ended with gains on Thursday. One of them was cereals trader and food producer Granolio [ZSE:GRNL], whose shares surged 42.14% to 39.80 kuna in a turnover of some 17,500 kuna.

The ZSE's total trading turnover rose to 37.6 million kuna from 10.4 million kuna on Wednesday, boosted by a 2.3 million kuna block trading in shares of Ericsson Nikola Tesla.

(1 euro=7.535 Croatian kuna)

Hrvatski Telekom d.d. is among the biggest companies in SEE, for more reference take a look at Top 100 companies

YOU CAN SUBSCRIBE TO OUR WAR IN UKRAINE IMPACT ON SEE NEWSLETTER HERE

Share this story
SeeNews in Brief

View our Newsletters

 
Compare