Croatian Share Indices Dip Further on Dull Market

"The overall turnover in floor trading of 29.9 million kuna ($5.3 million/4.2 million euro) points that the lethargic mood still held on Friday on the bourse," said a broker with Ilirika brokerage. A day earlier turnover was 41.8 million kuna.

The bourse's 28-share benchmark CROBEX index ended at 2,044.25 points, down 0.31% and its lowest level since November 2005.

The CROEMI 20-share index, calculated by Raiffeisenbank Austria, lost 0.53% to 1,832.47.

The narrowest index, CROX, which tracks the 12 most traded stocks on the Zagreb market and is calculated by the Vienna bourse, dipped 0.23% in euro terms to 1,235.50 points.

Decliners led advancers by 48 to 26 and 19 stocks closed unchanged.

Shares of civil engineering institute IGH was down 0.66% to 6,060 kuna and oil company INA was down 2.95% to a fresh all-time low of 1,480 kuna.

Telecommunications company T-HT, an index heavyweight, attracted the day’s largest turnover of 5.9 million kuna as its share price rose 0.99% to 218.25 kuna.

Shipping company Atlantska Plovidba advanced 2.44% to 839.99 kuna on 4.5 million kuna of turnover.

Civil engineering company INGRA added 0.93% to 114.15 kuna on 2.3 million kuna of turnover.

The fixed-income CROBIS index was 89.05 points, down 0.02%.

(1 euro = 7.1246 Croatian kuna)