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Speculations on New Round of Privatisation Inspire Trading

Ljubljana, 06 October (STA) - Expectations of a new round of privatisation lifted trading on the Ljubljana Stock Exchange this week. The benchmark SBI TOP index gained 3.46% and closed at 611.70 points on Friday. Among the blue chips, bank NKBM was the winner of the week, surging 30% to EUR 1.56.

Alenka Eržen from brokerage GBP attributed the growth in prices and volumes to expectations of a new round of privatisation, but noted that many investors have already decided to cash in their gains, which also resulted in somewhat slower trading on Friday.

Out of the total EUR 10.45m in deals this week, pharma company Krka accounted for EUR 3.27m. The item edged up 0.30% to EUR 49.50.

Bank NKBM, surging 30%, was meanwhile buoyed by speculations of a EUR 100m capital injection from Russia's industrial giant Gazprom, which was floated by business daily Finance.

Following in terms of turnover was insurer Zavarovalnica Triglav, which gained 11.19% to EUR 16, while telco Telekom Slovenije added 5.22% to EUR 80.50.

Home appliance maker Gorenje also ended the week in the black, putting on 3.53% to EUR 4.75, and energy company Petrol gained 3.26% to EUR 223.05.

Retailer Mercator remained virtually flat, edging up 0.09% to EUR 112.

Outside the benchmark index, reinsurer Pozavarovalnica Sava gained 15.52% to EUR 6.70, while port operator Luka Koper shed 4.14% to EUR 8.10. Logistics company Intereuropa remained flat at EUR 0.60.

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