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Croatian equity indices halt three-day winning streak

Author Annie Tsoneva
Croatian equity indices halt three-day winning streak Author: Luka Rijeka. License: All rights reserved.

ZAGREB (Croatia), July 29 (SeeNews) - The main equity indices of the Zagreb Stock Exchange (ZSE) fell more than 0.50% each on Friday, after a three-day winning streak, a bourse data showed.

The 22-share blue-chip index, the CROBEX, fell 0.55% to end at 1,968.96 points. The narrower CROBEX10, which tracks the top ten companies in terms of free float, market capitalisation and liquidity, finished 0.59% lower at 1,169.33 points.

Preferred shares of diversified holding company Adris [ZSE:ADRS2] was the most traded stock on Friday with a turnover of 1.3 million kuna ($177,000/173,000 euro). They ended 0.50% higher at 399 kuna.

Hotel operator Valamar Riviera [ZSE:RIVP] ranked second by turnover with 748,000 kuna, as its shares lost 1.86% to end at 31.60 kuna. The company said on Friday morning that its operating profit (EBITDA) rose 34.4% on the year in the first half of 2022, reaching 34.8 million kuna.

Shares of lender Hrvatska Postanska Banka (HPB) [ZSE:HPB] rose 2.38% to end at 860 kuna in a turnover of 605,000 kuna on the news that it closed the first half of 2022 with a consolidated net profit of 1.066 bln kuna mostly due to a 1.019 billion kuna badwill from the acquisition of Sberbank d.d., the local unit of Russia's Sberbank.

In lower turnovers, software developer SPAN [ZSE:SPAN] fell 2.28%, Htvatski Telekom [ZSE:HT] dipped 0.28% and shipping company Atlantska Plovidba [ZSE:ATPL] plunged 1.33%.

The biggest daily gainer were shares of port operator Luka Rijeka [ZSE:LKRI] on the Zagreb bourse on Friday. They finished at 42.40 kuna, up 12.77% as 974 shares changed hands following news that its net profit rose to 34.4 million kuna in the first half of 2022, from 10 million kuna a year earlier.

The bourse's total trading turnover rose to 7.1 milion kuna from 5.8 million kuna on Thursday.

(1 euro = 7.518 Croatian kuna)

Hrvatska Postanska Banka d.d. is among the biggest banks in SEE, for more reference take a look at Top 100 banks
 
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