The Zagreb Stock Exchange (ZSE) reached new record highs on January 10, driven by gains in Končar Elektroindustrija.
The CROBEX index rose 0.94% to 3,330.89 points, a five-year high, while the CROBEX10 index increased 0.81% to an all-time high of 2,113.95 points.
Končar led the market with a turnover of €614,000, as its share price climbed 2.80% to €550. The performance reflects a 175% increase over the past year, including an 18.5% rise this week and nearly 33% over the past month.
Brokerage firm InterCapital recently valued Končar shares at €570, issuing a strong 'buy' recommendation based on the company's solid backlog, a new joint venture with Siemens, and high demand for its transformers amid the green transition.
Other notable performers included Zagrebačka Banka, with a turnover of €405,000 and a share price increase of 3.93% to €29.10, and software company Span, whose shares rose 3.85% to €45.90 on a turnover of €288,000.
Despite these gains, the bourse's regular turnover decreased to €2.7mn from €3mn on the previous day.