FIMA Daily Insight

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FIMA Daily Insight FIMA Daily Insight IN FOCUS - ZAGREB STOCK EXCHANGE September 17, 2013 Croatian equities closed lower today with both indices decreasing; CROBEX decreased 0.37% to 1,819.02 pts and blue chip CROBEX 10 declined 0.29% to 1,028.73 pts. Trading was in low gear with regular stock turnover totaling to HRK 10.2 million. Integrated telecom operator HT (HTRA CZ) topped the liquidity board once again collecting HRK 1.5 million in turnover and decreasing 0.77% to HRK 177.1. Frozen foods producer Ledo (LEDORA CZ) followed collecting HRK 0.9 million in turnover while price accelerated to HRK 7,900.0. Diversified producer & distributor Atlantic Group (ATGRRA CZ) came to -30,0% -25,0% -20,0% -15,0% -10,0% -5,0% 0,0% 5,0% focus collecting HRK 0.7 million in turnover while price slipped to HRK PTKM-R-A 680. VPIK-R-A KORF-R-A LEDO-R-A The Commercial Court in Zagreb has delivered its Resolution to deny the INA-R-A application of heavy constructor Dalekovod (DLKVRA CZ) for an KOEI-R-A LKPC-R-A Administrative settlement of 26 April 2013, as adjusted on 19 July 2013. ZABA-R-A VIRO-R-A After that Dalekovod nose dived 26.47% and finished at HRK 25. KRAS-R-A TISK-R-A ERNT-R-A PODR-R-A ATPL-R-A ADPL-R-A ATGR-R-A HT-R-A BLJE-R-A DDJH-R-A VDKT-R-A LKRI-R-A DIOK-R-A ADRS-P-A INGR-R-A DLKV-R-A Source: www.zse.hr * data is calculated using last traded price CROBEX 3 MONTH MOVEMENT 2.100 80 2.000 70 60 1.900 50 1.800 pts 40 30 1.700 HRK Millions 20 1.600 10 1.500 0 Turnover CROBEX source: www.zse.hr For more information please contact us via mail [email protected] or on tel. +385 42 66 09 60 1 FIMA Daily Insight IN FOCUS - ZAGREB STOCK EXCHANGE Hungarian prosecutor rejects Croatia's request to question MOL CEO The Hungarian state prosecutor has said no to Croatia's request for legal aid in investigating Zsolt Hernadi, CEO of the Hungarian oil company MOL, Nepszabadsag daily reported on Monday. The paper said the state prosecution once again turned down the request by Croatia's anti-corruption office USKOK to interrogate Hernadi as a suspect in the alleged bribing of former Croatian Prime Minister Ivo Sanader, as a result of which MOL gained management rights in Croatia's INA. The Hungarian state prosecutor's spokesman, Geza Fazekas, told MTI news agency on Monday that a reply was forwarded to the Hungarian Justice Ministry and that it would be forwarded to Croatia, but did not say what it said. Nepszabadsag said that USKOK last week summoned Hernadi to be questioned in Zagreb on September 25. On July 10, USKOK said on its website that it was resuming its investigation of Hernadi on suspicion of bribery, which was suspended last December because he was out of reach to Croatian judicial bodies. The Hungarians had already turned down several Croatian requests to question him. USKOK said in July that Croatia's accession to the European Union on July 1 provided the conditions for Hernadi to attend a court hearing in this case. On July 11, MOL reiterated via MTI that the accusations against Hernadi were unfounded, as confirmed by international legal experts, and that the company would continue to cooperate with all authorities in this case. Last November, Sanader was sentenced to 10 years' imprisonment pending appeal for allegedly taking a EUR 5 million bribe from MOL. (Source: daily.tportal.hr) Croatia sells euro T-bills, kuna T-bills above target Croatia sold three-month and one-year Treasury bills worth a combined 22.6 million euro ($30.2 million), above its target offer of 15 million euro, the finance ministry said on Tuesday. (Source: www.limun.hr original text was published on www.seenews.com) 8,0 7,0 Croatia's Aug consumer prices rise 1.9% y/y - table 6,0 Croatia's consumer prices rose 1.9% year-on-year in August after advancing 5,0 by an annual 2.3% in July, the statistics bureau said on Monday. (Source: www.limun.hr original text was published on www.seenews.com) 4,0 HRK-EUR HRK-USD Source: www.hnb.hr For more information please contact us via mail [email protected] or on tel. +385 42 66 09 60 2 FIMA Daily Insight IN FOCUS - ZAGREB STOCK EXCHANGE CROATIAN EQUITIES (FUNDAMENTAL MULTIPLES) “ - “ s t a n d s for negative value of multiple * multiples for Adris Group calculated on diluted basis For more information please contact us via mail [email protected] or on tel. +385 42 66 09 60 3 FIMA Daily Insight IN FOCUS - ZAGREB STOCK EXCHANGE CONTACTS FOR INSTITUTIONAL IN VESTORS: IRENA FIŠTREK [email protected] +38542 66 09 64 KREŠIMIR ČULO [email protected] +385 1 63 98 357 TRADING DEPARTMENT: [email protected] Phone : +385 42 66 09 60 RESEARCH DEPARTMENT: NIKOLA BAKŠAJ [email protected] +385 42 66 09 74 STIVEN TOŠ [email protected] +385 42 66 09 75 For more information please contact us via mail [email protected] or on tel. +385 42 66 09 60 4 FIMA Daily Insight IN FOCUS - ZAGREB STOCK EXCHANGE DISCLAIMER FIMA Daily Insight is a daily publication of FIMA Securities Ltd. which comments for the needs of its users dynamics of trading financial instruments on capital markets in the Republic of Croatia, transfers and publishes parts or entire selected news from various publicly available sources and media of interest for the investor community, and offers overview of the selected parameters of financial instruments trading on Zagreb Stock Exchange, as also selected basic macroeconomic indicators. The content uses publicly available records published by the selected relevant sources and public information services (Zagreb Stock Exchange, Bloomberg, Reuters, publicly available financial reports of the Issuer, publicly available opinions of representatives of the Issuers etc.). Although we believe that the stated information and other records are reliable, we do not guarantee for their accuracy, completeness or timeliness. The publication has been of informative character and may not be deemed to be an invitation for purchase or sale of financial instruments being mentioned in it. Prices of financial instruments, and there from also return on investment from financial instruments may vary and cause profit or loss. Investment in financial instruments commented in this publication include certain risk (more about risks available in General Operating Conditions at Internet page (http://www.fima- vrijednosnice.hr/UserDocsImages/General%20conditions_FMVR%20novo.pdf), financial instruments are not necessarily available in all legal-regulatory environments, they may be illiquid and may be inadequate for some investors. Value or profit realized based on any financial instrument may vary and/or be under the influence of exchange rate differentials and other risks. Investment returns from the history are not indicators of future returns. Investors should independently make their decisions on investment, without relying on this publication. By publishing this publication FIMA Securities Ltd. does not bear any responsibility for the consequences, or for the possible damages resulted from usage of the information and records published in this publication. Single opinions stated in this publication may change without prior notice. This publication has not been prepared in compliance with the provisions of the Capital Market Act, and the Regulations of the Croatian Agency for Supervision of Financial Services (HANFA) ensuring independence of investment research, as also the issuance of the publication has not been subject to trading ban prior to distribution, as it has usually been foreseen for investment researches. According to the previously stated regulations this publication is considered to be promotional communication. All significant sources of information used in preparing of this publication were stated in its text. In preparing this publication the results of the fundamental and technical analysis may be used including also internally developed evaluation models. If it is the case of an internally developed evaluation model, the basic methodology shall be presented and publicly available to the investors at the Company's web page www.fima- vrijednosnice.hr or in the other legally permitted manner. The seat of the Company FIMA Securities Ltd. is in Varaždin, Vrazova 25, whereas the operating of the Company has been supervised by the Croatian Agency for Supervision of Financial Services. The company was entered into the Court Register of the Commercial Court in Varaždin under the number: 070052968. Protection of copyright and database records exist in this Document, and the same must not be reproduced, distributed or published by anyone regardless the intention, without previous express consent of the Company FIMA Securities Ltd. Please state the source in case of citing. All rights reserved. FIMA Daily Insight is prepared by the employees of FIMA Securities Ltd. The first issue of FIMA Daily Insight was issued on 16TH January 2009 Additional information is available upon request. For more information please contact us via mail [email protected] or on tel. +385 42 66 09 60 5 .
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