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.
As in the week before, in the previous, shortened trading week, 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. It amounted to almost HRK 8.7 million, which is approximately HRK 600 thousand or 6.5% less than the average regular daily turnover in January. However, compared to the week before, in the period from April 27 to April 30, 2020, the average regular daily turnover increased by HRK 1.2 million or 16.8%. The second week in a row, the equity market capitalization fell from the closing value of the previous week, and closing the trade on April 30, it amounted to HRK 130.2 billion, which represents a decrease of HRK 580 thousand or 0.4%. CROBEX also fell from its closing value on April 24, stopping to 1,544.30 points, down 21 points or 1.3%.
The trading indicators of the month behind us indicate a further mitigation of investors' trading euphoria caused by the appearance of COVID-19 at the end of February this year. Total regular turnover in April amounted to HRK 257.4 million, which is HRK 278.8 million or 47.2% less than in March when it amounted to HRK 536.2 million, but HRK 62.2 million or 38.5% more than in January this year. Accordingly, the average regular daily turnover in April amounted to HRK 12.9 million, or HRK 11.5 million less than in March, but HRK 3.6 million more than in January this year. The equity market capitalization and CROBEX show an upward trend compared to March, although they are still below their value at the end of February. Thus, from March 31 to April 30, the equity market capitalization increased by HRK 5 billion or 4%, but decreased by HRK 15.3 billion or 10.5% compared to the value of February 28. In April CROBEX rose 87 points, or about 6%, while it is lower by 319 points or 17.1% compared to the value of the last trading day in February.
As stated in last week's announcement, on May 4, the Company will begin operating in two teams, with the first team working in Company's offices for one week while the second team works in secondary locations during that time. The Company will continue to monitor the development of the situation and report on the impact of COVID-19 on the Company's business, and decisions on changing the way of doing business and returning to normal operations will be made in accordance with the epidemiological situation and decisions adopted by the Government.
Related announcements:
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
2020/4/6: https://zse.hr/userdocsimages/novosti/FbS0yRBREVty8hd8JD7NBg==.pdf
2020/4/14: https://zse.hr/userdocsimages/novosti/Z3DYcugiK2z6cqi1QIT78w==.pdf
2020/4/20: https://zse.hr/userdocsimages/novosti/nb1jjkGx9Hkql4m7xbqTQA==.pdf
2020/4/27: https://zse.hr/userdocsimages/novosti/pL4HWpdZY3qV5BAHi31lZw==.pdf
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