Continued on the announcement on the impact of COVID-19 on the regular business activities of the Zagreb Stock Exchange published on March 13, 2020 pursuant to the recommendation of the European Securities and Markets Authority (ESMA) from March 11, 2020 and in accordance with Article 502 (1) and Article 512 of the Capital Market Act1, and continued on the announcement of the continuation of regular and remote operations published on 122 and 15 March 20203, Zagreb Stock Exchange, Inc. (hereinafter: the Company) with its registered office in Zagreb, Ivana Lučića 2a/22, VAT ID No. (OIB): 84368186611, hereby informs the public of up-to-date information regarding the impact of COVID-19 on the Company's operations.
The Company's offices are closed until further notice, and business is regularly carried out at secondary locations since March 16, 2020. Between March 16 and March 20, 2020, increased daily turnover is still recorded. The average daily turnover in the said period was approximately HRK 25 million, while in January 2020 it amounted to just over HRK 9 million. In the first half of the week, there was a noticeable stock price volatility, which stabilized at the end of the week when also the index values continued to increase slightly. CROBEX lost -6.92% of its value over the same period, while compared to March 13, the equity market capitalization on March 20, 2020 decreased by -5.84%.
1 https://zse.hr/userdocsimages/novosti/bVZABoO1oYNSuOk7ydP6pA==.pdf
2 https://zse.hr/default.aspx?id=96820
3 https://zse.hr/default.aspx?id=96962
As already informed, the Company has ensured normal operation at secondary locations and does not expect the inability to carry out usual business activities. As the only regulated market operator in the Republic of Croatia, the aim of the Company, as well as all the world stock exchanges, is to technically enable trade and to ensure transparency in all market circumstances so that investors can make a valid decision, therefore the Company will continue to regularly inform the public about trading in this extraordinary situation.
Source of information:
Zagrebačka burza d.d.
Ivana Lučića 2a/22, Zagreb
T. +385 1 4686 800
F. +385 1 4677 680
web: www.zse.hr