Continued on previous announcements (1), 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 30 March to 3 April 2020, the average daily securities trading amounted to just over HRK 16 million, which is approximately HRK 2.3 million or 13% less than the week before. However, when comparing the data with ones from January 2020, the last month in which trading was not affected by COVID-19, the average daily turnover is higher by approximately HRK 6.8 million or 72%. Since the appearance of COVID-19 in the Republic of Croatia, on 25 February, until 3 April this year, CROBEX has lost 25% of its value. In this period, it reached its minimum on March 23, the day after the earthquake in Zagreb, when it amounted to 1,364.98. But since then, constant growth has been noticeable, and just last week CROBEX increased 3.25% to close at 1,504.98. Although it has fallen by almost HRK 20 billion from February 25 to April 3, the equity market capitalization has followed CROBEX's growth in recent weeks and just last week increased by HRK 1 billion or 1%.
Though the duration of the current state of emergency and the extent of the damage to the entire Croatian economy cannot be predicted, the above data indicate a gradual improvement and recovery of the capital market from the initial shock of COVID-19 appearance in the Republic of Croatia.
As stated in previous announcements, the Company's objective is to ensure continued securities trading throughout the entire trading day. The company is fully qualified to work in secondary locations and is able to operate without difficulty. In addition to its daily operations, the Company prepares its audited financial statements for 2019 and unaudited financial statements for the first quarter of 2020, which will be published within the statutory deadlines. These financial statements will provide investors with a clearer insight into the financial position, liquidity and impact of COVID-19 on the Company's business results.
Ivana Gažić Tomislav Gračan
President of the Management Board Member of the Management Board
(1)
2020/3/12: https://zse.hr/userdocsimages/novosti/bVZABoO1oYNSuOk7ydP6pA==.pdf
2020/3/12: https://zse.hr/default.aspx?id=96820
2020/3/15: https://zse.hr/default.aspx?id=96962
2020/3/23: https://zse.hr/userdocsimages/novosti/aR0NnpgxmGCTm9xjz3u1Lg==.pdf
2020/3/30: https://zse.hr/userdocsimages/novosti/TXkb9zvotkWwLcNrzfVuuA==.pdf
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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