Daily comment:
Stock turnover on domestic capital market amounted to HRK 114,3 million, while popular benchmark decreased by 0,2%. Industrial production volume numbers were released today showing storng activity in Croatian economy as industrial production volume index soared by 8,1% yoy. Main driving categories were production of food products and beverages with an increase of 12,7% yoy, Manufacture of fabricated metal products, except machinery and equipment with 14% yoy increase, and Electricity, gas, steam and hot water supply which increased by 11,2%. Animal drug producer Veterina (VERN-R-A) was the most liquide issue collecting turnover of HRK 41,1 million followed by 6,9% increase in price. During the last month media started to speculate about possible take over of Veterina due to increased liquidity of its stock. The company has strong market position and dispersed ownership structure. 20% of the company was traded today. Largest Croatian bank Zagrebačka banka (ZABA-R-A) was in investors’ focus today with HRK 7,6 million turnover. This bank ended 2007 with excellent results as net income soared by 29% and bank’s assets increased 14%. Investors were rather bullish on this stock today and its price soared by 5,6%. Pula based shipping company Uljanik plovidba (ULPL-R-A) was among winners today as its price increased by 1,5% collecting HRK 5,1 million in turnover. The company’s General Assembly will meet on March 31st with one proposal being recapitalization by issuing 180.000 shares with par value of HRK 400. share currently trades at HRK 3.350 giving after ex capitalization date breake even point of HRK 2.367 per share.
news flash:
- credit Suisse Expects to Post a Loss
- World Markets Mixed After U.S. Losses
- German Bank Gets Another Cash Infusion
- Asian Markets Mixed After U.S. Losses
CROBEX index - Zagreb Stock exchange -0,2%
change in 2008. -26,7%
CROBEX index - Zagreb Stock exchange (graph)
Avg price change for CROBEX members (graph)
market MULTIPLES - industry STOCKS (table)
market MULTIPLES - BANKS/INSURANCE (table)
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FIMA FAS Ltd.
42000 Varazdin * Anina 2 * Croatia * Tel: +385-42-390900 * Fax: +385-42-390990 *
http://www.fima.com
e-mail: fima-fortis@fima.com
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stock report20080320.pdf, 96 Kb
