Storm on Zagreb Stock Exchange: Indices Rise After Two Days of Decline, But Trading Volume Drops!
After two days of decline, the Zagreb Stock Exchange finally showed some life! The main stock indices rose by more than half a percent, but don’t get too excited — trading volume was significantly weaker than yesterday.
Indices Up, But Volume Down The Crobex index jumped 0.61%, while Crobex10 increased by 0.8%. Among sector indices, CroBexnutris was the biggest winner with a 1.63% rise, while CroBexkonstrukt fell by 1.73%. However, the regular trading volume reached only about 5.5 million euros, roughly 1 million euros less than yesterday!
Who Was the Star of the Day? The highest trading volume was recorded by the regular Končar Dampsta stock, with nearly 1.5 million euros, and its price rose by 0.32%. Next was Končar EI with a volume of 1.3 million euros, but its price remained unchanged. The Spana stock had a volume of 1.4 million euros, and its price jumped by an impressive 3.53%, making it the biggest gainer of the day.
Losers and Decliners Ericsson Nikola Tesla’s stock had a volume of 1.1 million euros but its price fell by 0.54%. The biggest loser was Čateks stock, which dropped by a whopping 8.16% to 45 euros.
What Does This Tell Us? Although indices are rising, the weak trading volume casts a shadow on optimism. Is this a sign that investors are still not ready for bigger moves? Or is it just a short-term reflection of market turbulence? Today, the Zagreb Stock Exchange traded 33 stocks, with 14 prices rising, 9 falling, and 10 remaining unchanged.
Conclusion The Zagreb Stock Exchange has shown it can recover, but with weak volume and large price swings, investors should be cautious. Is this the start of stabilization or just a breather before another drop? Only time will tell.
What do you think? Is this the right moment to buy or better to wait? Drop a comment, maybe together we’ll uncover the next big move on the exchange!
