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 past trading week has been marked by negative statistics of almost all market indicators. For the first time since the appearance of COVID-19 in the Republic of Croatia at the end of February, the average regular daily turnover was lower than in January this year, the last month in which the business was not influenced by COVID-19. In the period from April 20 to 24, 2020, the average regular daily securities turnover amounted to slightly less than HRK 7.5 million, which is almost HRK 2 million or 20% less than in January and approximately HRK 3 million or 28.3% less than in the week before. After continuous growth for the past four weeks, the equity market capitalization has fallen by almost HRK 1.2 billion or 0.9% in the past trading week and now stands at approximately HRK 130.8 billion.
Slightly higher turnover of the CROBEX composition stocks was recorded only on Tuesday, April 21 (HRK 10.8 million), when the index fell by 1.8%. CROBEX continued to grow slightly by the end of the week, stopping at a value of 1,565.02 points, 0.5% higher than the closing value of the previous week.
The Company's business continues to operate regularly at secondary locations and the Company enters its seventh, final week of out-of-office work. Given the current favorable epidemiological situation and the plan to mitigate the measures introduced to combat the coronavirus pandemic adopted by the Government on 23 April, the Company will start operating in two teams on May 4, with the first team working in offices for one week while the second team at that time works outside of the Company's offices.
As previously announced, the meeting of the Company's Supervisory Board will be held on 27 April to discuss, among other things, the financial statements for the year 2019 and the financial statements for the first quarter of 2020, which will provide investors a more detailed view of financial results and impact of COVID-19 on the business of the Company.
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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