Croatian Share Indices End Higher, Liquidity Shrinks

The 28-share benchmark CROBEX index of the Zagreb bourse added 0.74% to 2,177.50 points. “The domestic capital market had its third positive session in a row with the CROBEX adding 0.7% today, as investors were influenced by the lower-than-expected drop in the U.S. GDP figure and the Fed rate cut,” an analyst with Fima Fas consultancy said.

The CROEMI 20-share index, calculated by Raiffeisenbank Austria, was up 1.05% to 1,985.52.

The narrowest index, CROX, which tracks the 12 most traded stocks on the Zagreb market and is calculated by the Vienna bourse, rose 0.30% in euro terms to 1,257.39.

Telecommunications company T-HT, an index heavyweight, remained the most liquid share with a turnover of 16.1 million kuna. It appreciated 1.35% to 226 kuna.

Blue-chip shipping company Atlantska Plovdiba gained 1.51% to 806.99 kuna on almost six million kuna of turnover, despite a further decline of the Baltic Dry Index, the analyst added. This index measures world freight rates for dry cargo vessels.

Telecommunications equipment producer Ericsson Nikola Tesla fell 1.16% to 1,275.03 kuna on 4.4 million kuna.

Turnover in floor trading was 45.3 million kuna (8.2 million/6.3 million euro) compared to 68.4 million kuna a day earlier.

The fixed-income Crobis index lost 0.64% to 91.04 points.

(1 euro = 7.1699 Croatian kuna)