"Earnings reports for the first quarter spurred a buying frenzy on the Ljubljana Stock Exchange (LJSE) last week that pushed Slovenian blue chips to records highs. The SBI 20 benchmark index broke the 9,000-point-mark for the first time on Wednesday, 16 May and finished the week at 9,395.96, up 493.56 points (5.54%) over the previous week, while the SBI TOP index of the biggest blue chips ended the week 105.7 points (5.5%) higher at 2,027.13.
The action was bustling, as brokers concluded nearly EUR 92m in deals last week, including more than half in block deals. Pharma company Krka was the most active issue on the official market, notching up deals worth EUR 10.7m. The share gained 4.49% on the week to close at EUR 901.63, after reporting a 30% jump in its first-quarter profit.
Shares of telco Telekom Slovenije were also in high demand last week, putting on 11.81% to EUR 901.62. Matjaz Bernik, an analyst from the Ilirika brokerage, believes that investors are pinning their hopes on the upcoming privatisation of a minority stake in the telco."
Source: Slovene Press Agency STA