Dear Sir's,
due another project, new posts will be delayed for some time.
Sunday, December 16, 2007
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
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
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.
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.
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/
Croatia governing party to seek partners
A five-seat edge for Croatia’s ruling conservative party after Sunday’s election has put the prime minister, Ivo Sanader, in a strong position to lead the country to membership in the European Union in the next four years.
Official results published on Monday, based on a nearly complete vote count, gave 61 seats to Mr Sanader’s Croatian Democratic Union (HDZ), compared to 56 for the opposition Social Democratic Party (SDP), before counting the right-leaning Croat diaspora.
But neither party conceded defeat, and both said they were talking with potential coalition partners legislature of around 150 seats. The country’s president, Stjepan Mesic, said he would offer the mandate to whoever had the best chance of forming a solid majority.
As the vote count mounted Sunday night, Mr Sanader welcomed “certain” victory. “Croatian voters have shown that they trust the HDZ and the policies we’ve been implementing in the last four years,” he said.
Before coming to power at the head of his current minority coalition, he transformed the hard-line nationalist movement that had led the ex-Yugoslav republic to independence in the early 1990s into a moderate party aiming for compliance with EU standards.
But the HDZ faced a strong challenge from the equally pro-EU SDP, revitalised by new leadership after the death of the ex-communist reformer, Ivica Racan, earlier this year.
The new leader, Zoran Milanovic, has brought the party its strongest election result yet, although the 4.4 million eligible voters did not warm sufficiently to the SDP’s separate candidate for prime minister, the technocratic former economy minister, Ljubo Jurcic, analysts said. Turnout was 63.5 per cent in Croatia and around 25 per cent in the diaspora.
The roughly 100 000 voters in the diaspora, primarily based in Bosnia-Herzegovina, are expected to cement the HDZ victory with five more seats. Mr Sanader campaigned hard in the neighbouring country, whereas the SDP said it disagreed with participation by voters outside Croatia.
The simplest ruling coalition now would be between the HDZ and the third-place grouping led by a party for farmers, which might demand the ministry of agriculture, a critical post for upcoming EU negotiations, political observers said.
Another narrow-interest group, the pensioners’ party, lost votes apparently to the HDZ after the government paid a backlog of pension debt last week. The SDP has natural allies among smaller centre-left parties, but it would need more than one partner to form a coalition.
Economic policies either way will be aimed mainly at EU accession, which the bloc says will require stronger anti-corruption measures. Croatia is in line to become the 28th EU member, although Mr Sanader’s promises to be ready by 2009 look over-optimistic.
Copyright The Financial Times Limited 2007 http://www.ft.com/
Official results published on Monday, based on a nearly complete vote count, gave 61 seats to Mr Sanader’s Croatian Democratic Union (HDZ), compared to 56 for the opposition Social Democratic Party (SDP), before counting the right-leaning Croat diaspora.
But neither party conceded defeat, and both said they were talking with potential coalition partners legislature of around 150 seats. The country’s president, Stjepan Mesic, said he would offer the mandate to whoever had the best chance of forming a solid majority.
As the vote count mounted Sunday night, Mr Sanader welcomed “certain” victory. “Croatian voters have shown that they trust the HDZ and the policies we’ve been implementing in the last four years,” he said.
Before coming to power at the head of his current minority coalition, he transformed the hard-line nationalist movement that had led the ex-Yugoslav republic to independence in the early 1990s into a moderate party aiming for compliance with EU standards.
But the HDZ faced a strong challenge from the equally pro-EU SDP, revitalised by new leadership after the death of the ex-communist reformer, Ivica Racan, earlier this year.
The new leader, Zoran Milanovic, has brought the party its strongest election result yet, although the 4.4 million eligible voters did not warm sufficiently to the SDP’s separate candidate for prime minister, the technocratic former economy minister, Ljubo Jurcic, analysts said. Turnout was 63.5 per cent in Croatia and around 25 per cent in the diaspora.
The roughly 100 000 voters in the diaspora, primarily based in Bosnia-Herzegovina, are expected to cement the HDZ victory with five more seats. Mr Sanader campaigned hard in the neighbouring country, whereas the SDP said it disagreed with participation by voters outside Croatia.
The simplest ruling coalition now would be between the HDZ and the third-place grouping led by a party for farmers, which might demand the ministry of agriculture, a critical post for upcoming EU negotiations, political observers said.
Another narrow-interest group, the pensioners’ party, lost votes apparently to the HDZ after the government paid a backlog of pension debt last week. The SDP has natural allies among smaller centre-left parties, but it would need more than one partner to form a coalition.
Economic policies either way will be aimed mainly at EU accession, which the bloc says will require stronger anti-corruption measures. Croatia is in line to become the 28th EU member, although Mr Sanader’s promises to be ready by 2009 look over-optimistic.
Copyright The Financial Times Limited 2007 http://www.ft.com/
Growth of personal consumption, prices of shares and apartments next year
Growth of personal consumption, prices of shares and apartments next year
30.11.2007 9:51:00 Powered by PressCut
At yesterday’s session, Ivo Sanader’s cabinet adopted the Pre-Accesion Economic Program (PEP) for the 2008-2010 period. The government expects the private sector and personal consumption to be the main generators of economic growth, which should reach 6.1 percent next year. According to the PEP, the key guidelines of the government’s operation will not change. The stress is on the macroeconomic stability, reducing deficit and state share in public debt, reforms of administration and judiciary, and privatization of sectors dependent on state subsidies. The government expects the real growth of personal consumption to reach 5.4 percent in 2008 and roughly 5.1 percent in the following two years, as a result of the projected growth of salary mass due to growth of employment and salaries in the increased economic activity. They also believe that consumers’ optimism will be stimulated by a further growth of their assets. Prices of real property should increase, as well as the value of financial assets, such as stocks and shares in investment funds.
From: http://www.poslovni.hr/
30.11.2007 9:51:00 Powered by PressCut
At yesterday’s session, Ivo Sanader’s cabinet adopted the Pre-Accesion Economic Program (PEP) for the 2008-2010 period. The government expects the private sector and personal consumption to be the main generators of economic growth, which should reach 6.1 percent next year. According to the PEP, the key guidelines of the government’s operation will not change. The stress is on the macroeconomic stability, reducing deficit and state share in public debt, reforms of administration and judiciary, and privatization of sectors dependent on state subsidies. The government expects the real growth of personal consumption to reach 5.4 percent in 2008 and roughly 5.1 percent in the following two years, as a result of the projected growth of salary mass due to growth of employment and salaries in the increased economic activity. They also believe that consumers’ optimism will be stimulated by a further growth of their assets. Prices of real property should increase, as well as the value of financial assets, such as stocks and shares in investment funds.
From: http://www.poslovni.hr/
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.
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.
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