Sunday, December 16, 2007

No new posts

Dear Sir's,

due another project, new posts will be delayed for some time.

Tuesday, December 4, 2007

Intro -edu: Croatian capital market


Croatia belongs to the group of Middle and Eastern European countries in transition from earlier state regulated market towards politicaldemocracy and free market economy tending to be included in all European and worldwide integrations.The trading in volume and rates is rising constantly since beginnig of 1990's.The trading place today is Zagreb Stock Exchange http://www.zse.hr/ and the main Index is CROBEX.

Chart: CROBEX in 2007

Monday, December 3, 2007

No big moves on the market

Zagreb, Croatia

With only 36 million HRK volume Crobex remains still on 4614,36 points - o.35%.
In today focus was INA-R-A, National Oil Company. The market makers are expecting the results of government forming and the issue of Kosovo's Independence. I think that the pressure on bid side is more psychological and not economically justified so we can expect the stabilization of market and potential rise with the of this and beginning of year 2008.

volume leaders:
INA-R-A
-0.55
5 173 920.49 HRK
HT-R-A
-0.65
5 101 103.34 HRK
ATPL-R-A
2.34
2 795 769.22 HRK

Saturday, December 1, 2007

Ericsson Nikola Tesla d.d. - new export contracts in CIS

Ericsson Nikola Tesla signs new export contracts valued at more than HRK 11 million - 1,5 million Euro.
Ticker: ERNT-R-A
From: www.zse.hr

Friday gainers and losers

ZSE www.zse.hr Zagreb Stock exchange CROBEX 4.657,51
Gainers
IPKO-R-A 20,96%
KTJV-R-A 16,80%
BRNK-R-A 10,51%
ACI-R-A 7,69%
NACE-R-A 7,14%
Losers
NVBA-R-A -9,80%
SPPL-R-A -8,86%
INFS-R-A -4,52%
HTPK-R-A -4,34%
PIKR-R-A -3,96%
From: http://www.poslovni.hr/
Most of this results were made on small volums. The big volume stocks (i.e. HT-R-A, IGH-R-A, ERNT-R-A, ATPL-R-A) did'nt have a larger price change.

About 36,000 Croatians will get Ina’s shares for free

INA - Croation national oil company, ticker: INA -R-A 2490,00 Kn - 1%
1 Euro : 7,31 Kn

Slightly less than 36,000 Croatian citizens who purchased Ina’s shares in the IPO and have not sold them for the past year should get one or two free shares next week. According to the data by the Central Depository Agency (SDA), about 5,000 shareholders are entitled to one bonus share and about 31,000 to two shares.

This means the total of 66,000 bonus shares will be allocated. The total of 44,000 Croatian citizens participated in the Ina’s IPO last year and 82 percent of them kept their shares till today. They were allowed to buy shares up to the amount of HRK 38,000, or 22 shares, and will get a bonus share for every ten shares kept for a year. (http://www.business.hr/)
Seneka: This will increase supply in short term, and block some sufficient rise of stock price, but I think it will vanish till the end of this year or Januar 2008, when bulls shoud be back.

Friday, November 30, 2007

CROBEX finishes 1,04 % up


Zagreb,

This week CROBEX finishes 1,04 % up.
After speculations about new government most
investors agree that the slow mood of market is not so influenced by the politics. They believe and I agree that current situation is managed by market speculations and stand by of big players - mutual and pension funds who are waiting for stabilzation of market and the end of bear seasion of small investors who in panics sell stocks gained on IPO of national Telecom provider -Croatian Telecom (HT-R-A ;343,oo Kn; - 1,04%).
Seneka
For tickers see: http://www.zse.hr/