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ZSE's total market capitalisation rises 14% in 2016

ZSE's total market capitalisation rises 14% in 2016 Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), January 13 (SeeNews) – The total market capitalisation of the Zagreb Stock Exchange (ZSE) climbed 14% on the year to 232.4 billion kuna ($32.9 billion/30.8 billion euro) at the end of 2016, the bourse said on Thursday.

The market capitalisation of ZSE-traded shares increased by 16.5% to 143.2 billion kuna at the end of the year, the stock exchange said in a statement wrapping up 2016 results.

The 25-share benchmark CROBEX index advanced 18%, to end the year at 1,994.84 points. In 2016, CROBEX climbed over the 2,000 points threshold for the first time in five years. 

The CROBEX10, which tracks the leading companies in terms of free float, market capitalisation and liquidity, gained 17% to close at 1,158.18 points.

The fixed-income CROBIS index rose a slights 3.6% on the year and closed the year at 108.82 points.

Share turnover of the ZSE dropped 13% on the year to 1.9 billion kuna, as block deals recorded a 123% jump to 1.2 billion kuna.

Total turnover on the ZSE, including trade in bonds and structured products, rose 16% on the year to 3.9 billion kuna at end December.

The most liquid company last year was Croatia's biggest telecoms operator, Hrvatski Telekom [ZSE:HT-R-A], which accounted for almost 19% of total share turnover or 356.7 million kuna.

Hotel operator Valamar Riviera [ZSE:RIVP-R-A] came in second with a turnover of 233.6 million kuna, or 12% of total share turnover on the bourse last year.

(1 euro=7.53778 kuna)

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