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Croatian share indices drop on bearish market

Author Annie Tsoneva
Croatian share indices drop on bearish market Valamar Dalmacija. Photo by Valamar.

ZAGREB (Croatia), May 12 (SeeNews) - After a brief rebound on Wednesday, the main equity indices of the Zagreb Stock Exchange (ZSE) shed more than 1.30% each amid bearish market mood as turnover doubled, bourse data showed.

The 23-share blue-chip index, the CROBEX, lost 1.40% to finish at 2,073.72 points.

The narrower CROBEX10 which tracks the top ten companies in terms of free float, market capitalisation and liquidity, plunged 1.34% to end at 1,234.73 points.

Hotel owner and operator Valamar Riviera [ZSE:RIVP] was the most traded share on Thursday with a turnover of 3.8 million kuna ($526,000/505,000 euro). Its price finished 2.30% lower at 34 kuna.

Preferred shares of holding company Adris [ZSE:ADRS2] ranked second by turnover. They fell 2.81% to end at 415 kuna in a turnover of 1.3 million kuna.

Among the 10 most traded shares, nine closed lower, while Zagrebacka Banka [ZSE:ZABA] ended flat at 65 kuna in a turnover of 476,300 kuna.

The biggest daily gainers were food trader Granolio [ZSE:GRNL] and luxury apparel producer Varteks [ZSE:VART], which are not members of the main indices, with share price gains of 9.22% and 8.05%, respectively.

The ZSE's total trading turnover rose to 11.8 million kuna from 5.2 million kuna on Wednesday.

(1 euro = 7.520 Croatian kuna)

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