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.
In the period from 14 to 17 April 2020, the average regular daily securities turnover amounted to slightly less than HRK 10.4 million, which is approximately HRK 12.5 million or 55.6% less than in the optimistic week before, but just over HRK 1 million or 11.7% more than in January 2020, the last month in which trading was unaffected by COVID-19. It should be emphasized that on the first trading day, April 14, due to difficulties on trading system provider side, trading on the Zagreb Stock Exchange, but also all markets using the Xetra® T7 trading platform, was unavailable for most of the day. At the Zagreb Stock Exchange, trading resumed at 14:15 and in the short duration of trading, almost HRK 6.5 million was generated, similar to the day after. Significantly higher turnover was recorded on Thursday and Friday, HRK 11.5 and HRK 17.2 million. After gaining value for three consecutive weeks, in the last four-day trading week, CROBEX fell -1.7% compared to the previous week's closing value and closed at 1,557.73 points. However, equity market capitalization increased by just over HRK 1 billion or 0.8% and now stands at almost HRK 132 billion.
The Company enters its sixth week of out-of-office work, but the business continues to operate regularly at secondary locations. The Company has shown its readiness for this operation mode by quick reactions and by enabling the continuation of trading after its interruption on April 14. In addition to its daily operations, the Company will continue to monitor the development of the current state of emergency and inform the investment public of the impact of COVID-19 on its business activities.
Ivana Gažić Tomislav Gračan
President of the Management Board Member of the Management Board
Source of information:
Zagreb Stock Exchange, Inc.
Ivana Lučića 2a/22, Zagreb
T. +385 1 4686 800
F. +385 1 4677 680
web: www.zse.hr
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