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Croatian equity indices close mixed, Span remains in investors' focus

Author Annie Tsoneva
Croatian equity indices close mixed, Span remains in investors' focus Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), September 24 (SeeNews) - The main equity indices of the Zagreb Stock Exchange (ZSE) ended mixed on Friday, as software developer Span [ZSE:SPAN] which made its market debut a day earlier, remained on the investors' radars, bourse data showed.

The ZSE's blue-chip 21-share benchmark CROBEX dipped 0.04% to end at 1,975.21 points.

The narrower of the ZSE's two blue-chip indices, the CROBEX10, which tracks the top 10 companies from the Crobex in terms of free float, market capitalisation and liquidity, gained 0.16% to finish at 1,208.59 points.

Span generated the biggest daily turnover in regular trading on Friday, of 2.5 million kuna ($390,000/333,000 euro). Its shares closed at 200 kuna, down 3.85% compared to the closing price on Thursday but still far above the sale price of 175 kuna in its public offering.

Span raised 101.19 million kuna from the sale of 578,200 existing shares in the public offering held earlier this month. All the shares representing 29.50% of Span's issued share capital that were offered to the public were sold.

Shares of food and pharmaceuticals producer Podravka [ZSE:PODR] added 0.66% to 606 kuna in a turnover of 1.8 million kuna.

Friday's biggest gainer was luxury apparel producer Varteks [ZSE:VART], as its shares soared 20.97% to 7.50 kuna in a turnover of 6,800 kuna.

The ZSE's turnover rose to 13.9 million kuna from 12.3 million kuna on Thursday. However, a significant part of the turnover on Friday, 6.0 million kuna, was contributed by block trading in shares of fast moving consumer goods distributor Atlantic Grupa [ZSE:RIVP] at a price of 1,490 kuna per share.

(1 euro=7.498 kuna)