Croatian equity indices decline as investors focus on ETFs

The regular turnover reached 1.2 million euro ($1.3 million) from 1.0 million euro a day earlier.

The 21-share benchmark CROBEX fell 0.22% to close at 2,825.21 points.

The narrower equity index CROBEX10, which tracks the top ten issuers in terms of free float, market capitalisation and liquidity, dipped 0.13% to 1,699.77 points.

Just like on Thursday, the most traded stock on Friday was InterCapital SBITOP TR UCITS [ZSE:7SLO], an ETFs tracking Slovenian stocks, with a turnover of 456,000 euro. Its shares added 0.55% to 27.23 euro.

Shares of food producer Cakovecki Mlinovi [ZSE:CKML] followed with a turnover with 150,000 euro. They dropped 0.96% to 10.30 euro. Cakovecki Mlinovi is a constituent of the wider equity index.

Exchange-traded fund InterCapital BET-TR [ZSE:7BET], which is tracking Romanian stocks, ranked third by turnover with 116,000 euro as its units rose 0.36% at 14.09 euro. The ETFs are not part of the main equity indices of the Zagreb bourse.

The biggest daily gainer was civil engineering company Institut IGH [ZSE:IGH]. Its shares closed 8.55% higher at 12.70 euro on the news that it signed with French construction company Bouygues T.P. a deal worth almost 498,000 euro. However, just 54 of its shares changed hands.

($ = 0.922 euro)