SBI 20 Down Nearly 13 Pts
Ljubljana, 18 July - The benchmark SBI 20 index lost 12.82 points to close at 4,432.11 points on Monday, as investors remain cautious and volumes stubbornly low.
Delo prodaja, the newsstand operator, was the busiest share today, but almost entirely due to a single block deal worth over SIT 84.3m (EUR 0.35m). The share lost 2.15% to SIT 5,000 (EUR 20.87).
Drug maker Krka was on top in terms of regular volumes, with deals worth SIT 54.4m (EUR 0.22m). It edged up 0.11% to SIT 78,192 (EUR 326.37).
Chemical and tourism group Sava also traded well and closed 0.25% higher at SIT 43,567 (EUR 181.85). Oil trader Petrol remained almost level at SIT 62,007 (EUR 258.81).
In the absence of interesting shares, investors continue to stick with bonds. The 33rd issue of the treasury bond thus generated deals worth SIT 422.2m (EUR 1.76m), making it the busiest security of the day.
The free market was awash with shares of the beverage producer Fructal, which is in majority ownership of brewer Pivovarna Union.
The company today sold almost the entire stash of own shares, or 2.69% of the share capital, in a single block deal worth almost SIT 100m (EUR 0.42m) at a price of SIT 1,460 (EUR 6.09)
It is not clear yet who the buyer is, but Frucal invited all existing shareholders to buy the company's own shares in proportion to their ownership stake for the same price until 12 August.
Brokers wrapped up no more than 658 deals worth a total of SIT 1.2bn (EUR 5m), with block deals accounting for over two-thirds of the overall volume.
The investment fund PIX index closed 13.75 points lower today at 4,183.31, with the bond BIO index down 0.03 points to 121.67.
Roundup of major indices following today's trading:
Benchmark Index, SBI 20 4,432.11 pts -12.82 pts -0.29% Investment Fund Index, PIX 4,183.37 -13.75 -0.33% Bond Index, BIO 121.67 -0.03 -0.03%