June 27 (SeeNews) - All three Croatian share indices lost ground on Wednesday in low turnovers, brokers said.
Trading was marked by low liquidity and share prices moving in narrow ranges just like in the previous few sessions, a broker with Zagrebacka Banka told SeeNews.
The 30-share Crobex blue-chip index of the Zagreb Stock Exchange lost 0.41% to a close of 4,843.3 points. Despite the fall, the index is still some 50% higher than it was at the beginning of the year, supoported primarily by fast growth of the assets of the Croatian fund industry.
The narrower Croemi index of Croatia's 20 most liquid stocks, calculated by commercial bank Raiffeisenbank Austria, mirrored the Crobex, falling 0.43% to 4,019.18.
The CROX capitalisation-weighted price index of the seven most traded stocks on the ZSE, which the Vienna Stock Exchange launched earlier this month, almost identically declined by 0.48% to 2,732.64 points in kuna terms.
Oil and gas company INA, an index heavyweight, shed 2.62% to 2,970 kuna on 2.4 million kuna of turnover due to profit-taking, another broker said.
Another blue-chip, the preffered share of tobacco and tourism company Adris, gained 2.28% to 582.98 kuna on 6.7 million kuna of turnover.
Shipping company Atlantska Plovidba was down 1.79% to 1,650 kuna on 2.7 million kuna of turnover. Telecoms equipment maker Ericsson Nikola Tesla dipped 0.22% to 3,689.99 kuna on 2.2 million kuna of turnover after rising by almost 3.0% on Tuesday.
Most the other Crobex members ended lower.
In other trades, construction company Ingra attracted the biggest daily turnover, 9.9 million kuna. Its stock rose by 9.16% to a closing level of 38,229 kuna on news that the issue price at which current shareholders will be able to participate in a planned capital increase was set at 35,000 kuna per share, the Zagrebacka broker said.
Hotel company LRH also traded in relatively large turnover, 6.6 million kuna. Its share finished at 6,050 kuna, down 0.83%.
Overall, fallers outnumbered risers by 56 to 45 and 30 shares kept their price levels unchanged. Turnover in shares and bonds in floor trading on the Zagreb Stock Exchange (ZSE) was relatively low, 76.2 million kuna ($14 million/10 million euro) and almost unchanged compared to the previous few tradings.
Turnovers have recently splashed due to a longer weekend and start of summer holidays of investors. The Zagreb bourse was closed for trading on Friday and Monday due to country's public and market holidays.
The fixed-income index Crobis nudged down 0.11% to 98.9692 points.
(1 euro=7.3015 Croatian kuna)