ZSE Indices Plunge By 6.5%

Total Croatia News

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Photo: Sanjin Strukic/PIXSELL
Photo: Sanjin Strukic/PIXSELL

The Crobex plunged by 6.48% to 1,983 points, which is its biggest daily fall since March 2020, while the Crobex10 plummeted by 6.47% to 1,201 points.

All sector indices fell significantly, with the construction and industry indices seeing the sharpest drop, of 10.14% and 9.01% respectively.

The Crobex indices followed the decline of world indices, which are under pressure due to Russia’s attack on Ukraine.

On the other hand, oil prices rose sharply, breaking the psychological $100-a-barrel barrier on the London market for the first time in more than seven years. Traders are concerned that Russia’s attack on Ukraine will disrupt the supply of world markets with oil and gas from Russia.

The rise in energy prices could further boost the already high inflation, which would negatively impact the economic recovery from the coronavirus crisis.

Today’s regular turnover on the ZSE was a high HRK 33 million, or HRK 24 million more than on Wednesday.

An additional HRK 2.29 million was generated by a block transaction with the Ericsson Nikola Tesla stock at HRK 1,760 per share.

A total of 57 stocks traded on the ZSE today, with as many as 47 registering price decreases and only two recording price increases, while eight were stable.

The highest turnover, of HRK 4.7 million, was generated by the stock of the HT telecom, which closed at HRK 183 per share, down 2.66%.

The Ericsson Nikola Tesla stock turned over HRK 2.7 million, closing at HRK 1,740, down 6.45%.

The stock of the Podravka food company generated HRK 2.46 million in turnover. Its price sank by 8.54% to HRK 600 per share.

The stock of the Atlantic Group turned over HRK 2.4 million, closing at HRK 1,590, down 7%.

The price of the Valamar Riviera stock dropped by 7.16% to HRK 31.1, and it generated a turnover of over HRK 2.2 million.

The biggest loser was the stock of the AD Plastik car parts company, whose price plunged by nearly 18% to HRK 128 per share.

AD Plastik Management Board President Marinko Došen told Hina on Thursday he didn’t expect sanctions against Russia to negatively affect the business of the AD Plastik Group, which has two factories in Russia, adding that those factories produced exclusively for the Russian market.

“The geopolitical situation is not affecting our business at the moment and we believe it will stay that way,” said Došen.

Among the stocks whose price dropped significantly were also Jadroplov (-17.9%), Ingra (-12.99%) and Atlantska Plovidba (-11.52%).

The biggest winner was the stock of the Granolio food company, whose price soared by 42% to HRK 39.8 per share.

For more, check out our business section.


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