As Index reports, all analysts who participated in the Hina survey today expect Crobex to stagnate.
The Crobex index sank on Wednesday by 1.76 percent, to 2,218 points, and Crobex10 by 1.73 percent, to 1,267 points.
It was the biggest daily decline of these indices in the last two months, and they slipped to the lowest levels since February 27.
At the same time, all sector indices also fell, with Crobextransport seeing the most significant change of 4.87 percent.
Regular share turnover amounted to approximately 1.37 million euros, about 100 thousand more than the day before.
“The main stock indices on the Zagreb Stock Exchange ended yesterday’s trading in the ‘red’, following the negative sentiment that prevailed on foreign markets. The total turnover amounted to EUR 1.4 million. Almost the total amount related to the trading of shares, while bonds were traded in the amount of only 5 thousand euros,” points out Miso Kalajzic, head of brokerage trading at OTP bank.
The highest turnover achieved by the HT share
The highest turnover, 177 thousand euros, was achieved yesterday by the HT shares, whose price fell by 0.78 percent to 25.50 euros.
With a turnover of 163.5 thousand euros, Span shares followed, whose price sank by 2.58 percent to 49.1 euros.
The focus was also on the Podravka shares, with which EUR 146,000 was realized, with the price falling by 2.17 percent to EUR 90.
Shares of Atlantska Plovidba achieved more than 100,000 euros in turnover, whose price fell by almost three percent to 58.6 euros.
The biggest loser was the share of Alpha Adriatic, with a price drop of 10.5 percent to 23.8 euros.
The share price of the Zagreb Stock Exchange rose the most, by 2.7 percent, to 3.8 euros.
A total of 37 shares were traded on the Zagreb Stock Exchange yesterday, of which the price of only four rose, 25 fell, and eight stagnated.
“For today, we predict stagnation in the movement of stock indices, whereby the direction could largely depend on the sentiment on foreign markets,” said Miso Kalajzic.
Fear of a banking crisis weighed on world stock markets
Thus, yesterday, Crobex followed the sharp decline of European stock market indices. The London FTSE slipped 3.8 percent, while the Frankfurt DAX sank 3.3 and the Paris CAC 3.6 percent.
Stock indices suffered sharp corrections on the most important European stock exchanges yesterday. The biggest losses were in the shares of the banking sector, continuing the crisis that started last week with the collapse of the SVB bank in the USA. Of yesterday’s more important announcements, the growth of industrial production in the Eurozone stands out, which was somewhat better than expected, while in the USA, a drop in the rate of producer prices was recorded, as well as a drop in retail sales.
Stock prices fell on Wall Street on Wednesday. The Dow Jones lost 0.9 percent, and the S&P 500 lost 0.7 percent. The Nasdaq index gained 0.05 percent.
Recovery is expected
This morning, European futures indices are positive, which heralds the market’s recovery after yesterday’s sharp decline caused by the problems of the second-largest Swiss bank, Credit Suisse.
Credit Suisse’s share price sank about 14 percent to record lows yesterday after the bank reported weaknesses in its financial statements for the past year, and the bank’s biggest investor, Saudi National Bank, said it could not provide any further financial support aid to this Swiss bank.
This, along with the collapse of SVB at the end of last week, caused speculation about which other banks could be in trouble.
But fears of a banking crisis eased somewhat this morning after news that the Swiss central bank will open a nearly $54 billion credit line to Credit Suisse.
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