Zagreb Stock Exchange: How are Agrokor’s Shares Looking?

Lauren Simmonds

After the considerable rumble that took the place of the potentially tragic economic earthquake that thankfully never was, just how are Agrokor’s shares performing?

As Poslovni Dnevnik writes on the 22nd of December, 2017, Crobex dropped to 0.26 percent on the Zagreb Stock Exchange on Friday, with the biggest losers being a company from the ailing Agrokor Group.

At the end of today’s trading, the Crobex index fell by 1,834.39 points, while Crobex10 increased by 0.01 percent, to 1,071.36 points.

Regular turnover of the shares amounted to 10.2 million kuna, which is almost six million kuna more than yesterday.

Naturally, the shares of companies from under the now leaking umbrella of the formerly formidable Agrokor Group were by far the main focus of investors and other interested parties. On Thursday, the stock market suspended the trading of shares from Ledo, Jamnica, Zvijezda, Tisak, Vupik, Belje, Žitnjak and PIK Vinkovci, while highly anticipated information about the circumstances surrounding Agrokor’s draft settlement structure remained undisclosed, the draft was published on Wednesday.

This morning, however, the stock market brought forward a solution to the continuing trading of the affected stocks, whose prices fell sharply.

Jamnica’s shares fell by 64.55 percent to 3,899 kunam with a turnover of 1.74 million kuna, which is the largest turnover among the shares seen on the Zagreb Stock Exchange today.

Jamnica was followed by Ledo at 1,64 million kuna and a price decrease of 59.85 percent, to 269 kuna, and Atlantska plovidba (otherwise a shipping company) with 1.1 million kuna and a decrease of 2,52 percent to 619.96 kuna.

A turnover of a little over a million kuna was acheived with Imperial’s shares, and its price dropped by 0.61 percent to 810 kuna while Belje’s shares dropped by 43.31 percent to 2.50 kuna, with a turnover of 703.2 thousand kuna.

With a turnover of 150.8 thousand kuna, the price of Zvijezda’s shares fell by 94.12 percent, to 35 kuna.

Tisak fell by 82.99 percent, the stock price dropped to 17.01 kuna, while Vupik dropped by 74.93 percent, to 3.51 kuna.

 

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