0

The week began on a very depressing note as several blue chips lost over 10%, sending the SBI 20 benchmark index to its lowest level in the past 13 months. However, brisk demand on Thursday and Friday managed to send several big names up to 15% higher than they were on Wednesday.

The SBI 20 benchmark index closed 130.38 points higher on the week to 8,185.30, more than 800 points higher than its Wednesday's value of 7,368.49. The SBI TOP index of the ten biggest names closed the week at 1,799.51 points, 27.24 higher than last Friday and 165 points above its value on Wednesday.

There were no surprises regarding the most traded item. Pharma company Krka yet again outsold all other items, adding just over 1% to EUR 92.02 and accounting for a third of the EUR 100m weekly turnover.

Krka was targeted by foreign investors already on Tuesday, when its value was still sinking, with investment firms Citigroup Global Market and ING Luxembourg at the fore.

Telco Telekom Slovenije rose 3.13% to EUR 242.30, energy company Petrol added 2.71% to EUR 549.06 and household appliance maker Gorenje gained 4.68% to EUR 33.09.

Other blue chips also managed to end the week on an upbeat note, with port operator Luka Koper adding 4.36% to EUR 60.80, food-through-tourism holding Istrabenz up 3.87% to EUR 91.35 and NKBM bank closing 3.43% higher at EUR 31.69.

Not all of the items managed to offset their losses, with conglomerate ACH shedding 2.54% to EUR 61.40, beverage group Pivovarna Lasko losing 1.73% to EUR 81.79 and food company Zito dropping 1.41% to EUR 236.61.

The PIX investment fund index lost 26.22 points (0.43%) to 6,086.16 and the BIO bond index shed 0.38 points (0.32%) to 117.10.