Zagreb Stock Exchange Indices Slump at End of Week

Total Croatia News

Updated on:

Image: Pixabay
Image: Pixabay

The Crobex fell by 1.94% on Friday, to 1,946 points, its lowest level since August 2021. At the same time, the Crobex10 dropped by 1.86% to 1,176 points, its lowest level since April 2021.

All sector indices went down, and the construction index saw the biggest decline, of 2.87%.

Domestic indices thus followed the negative trends on European stock markets, which saw sharp declines, while investors follow the news on the war in Ukraine and assess the possible effects of that war on the world economy.

The Crobex indices also registered significant losses on the week for the third consecutive week. Compared with the beginning of the week, the Crobex fell by 4.69% and the Crobex10 by 4.5%.

Regular turnover amounted to HRK 14 million, or half a million less than on Thursday. Another HRK 23 million was generated by a block transaction with the HT telecom stock at HRK 184 per share.

The highest turnover, of nearly HRK 1.8 million, was generated by the stock of the Croatian Postal Bank (HPB). Its prices dropped by 2.37% to HRK 825.

Atlantska Plovidba turned over HRK 1.41 million, closing at HRK 412 per share, down 2.83%.

The stock of the Span IT company turned over HRK 1.4 million, closing at HRK 185.5, down 0.8%.

The price of the Ericsson Nikola Tesla stock also recorded a significant decline, by 3.7% to HRK 1,705 per share. It generated a turnover of HRK 1.26 million.

A total of 45 stocks traded on the ZSE today, with 10 gaining and 23 losing in price, while 12 were stable.

(€1 = HRK 7.568685)

For more, check out our business section.


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