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Croatian Equity Indices End Narrowly Mixed, Liquidity at 5-Yr Low

Dec 3, 2008, 6:53:23 PMArticle by Annie Tsoneva
share
December 3 (SeeNews) - The equity indices of the Zagreb bourse on Wednesday ended narrowly mixed with liquidity falling to a five-year low as investors turned their back on the stock market, an analyst said.

Croatian Equity Indices End Narrowly Mixed, Liquidity at 5-Yr Low

"Investor disinterest peaked and the trading session ended with turnover of 14.38 million kuna ($2.5 million/2.0 million euro)," said a broker with the Ilirika brokerage.

Turnover in floor trading has not been that low since October 17, 2003. It was 47.3 million kuna on Monday.

On Wednesday, the bourse’s 28-share benchmark CROBEX index added 0.19% to 1,518.13 points.

The CROEMI 20-share index, calculated by Raiffeisenbank Austria, dipped 0.04% to 1,400.64 points.

The narrowest index, CROX, which tracks the 12 most traded stocks on the Zagreb market and is calculated by the Vienna bourse, nudged 0.09% lower in euro terms to 943.06 points.

Telecommunications company T-HT, an index heavyweight, advanced 0.34% to 191 kuna on the day's largest turnover, 2.3 million kuna.

Shipping company Atlantska Plovidba dropped 2.72% to 501 kuna on 1.9 million kuna of turnover.

The preferred shares of tobacco and tourism company Adris advanced 0.54% to 185 kuna on 1.1 million kuna.

Only two more issues marked turnovers above one million kuna. Power transmission equipment producer Dalekovod plunged 8.09% to 250 kuna on 1.06 million kuna of turnover.

Civil engineering company IGH moved 0.32% higher to 3,160 kuna on 1.06 million kuna of turnover.

The fixed-income CROBIS index was up 0.13% to 89.40 points.

(1 euro = 7.1754 Croatian kuna)

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