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Atlantska Plovidba, Podravka drag down Croatian share indices

Author Annie Tsoneva
Atlantska Plovidba, Podravka drag down Croatian share indices Podravka

ZAGREB (Croatia), December 8 (SeeNews) - The main share indices of the Zagreb Stock Exchange (ZSE) declined on Wednesday as losses in shipping company Atlantska Plodivba [ZSE:ATPL] and food and pharmaceuticals producer Podravka [ZSE:PODR] offset gains in electrical equipment manufacturer Koncar Elektroindustrija [ZSE:KOEI], bourse data showed.

The ZSE's blue-chip 21-share benchmark CROBEX closed at 1,995.79 points, down 0.37%, ZSE figures showed.

The narrower of the ZSE's two blue-chip indices, the CROBEX10, which tracks the top ten companies in terms of free float, market capitalisation and liquidity, dipped 0.21% to finish at 1,225.76 points.

Atlantska Plovidba registered the highest turnover in share trading on Wednesday, of 707,700 kuna ($107,000/94,000 euro). The company's share price plunged 6.85% to end at 381 kuna.

Koncar was the second most liquid stock on Wednesday with a turnover of 504,300 kuna. Its share price rose 0.63% to 805 kuna.

Podravka's shares fell 0.64% to end at 624 kuna in a turnover of 400,000 kuna.

Shares of wood processing company Spacva [ZSE:SPVA] closed at 150 kuna, up 50%, after it said that majority shareholder, local tourism and real estate company Pervanovo, plans to squeeze out the minority shareholders .

Poultry producer Koka [ZSE:KOKA] closed at 550 kuna ($83/73 euro), up 18.03%, as its majority owner, local dairy company Vindija, said that it is not interested in selling any shares in Koka to local winery Kutjevo, following expression of interest in such a deal by Kutjevo on Tuesday.

The ZSE's total turnover dropped to 4.2 million kuna from 9.2 million kuna on Tuesday.

(1 euro = 7.527 Croatian kuna)

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