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Sep 24, 2007 19:43 EEST
ZAGREB (Croatia), September 24 (SeeNews) – Two Croatian share indices extended their gains on Monday, while a third one fell amid bullish market sentiment following a recent slide when investors were unloading stocks to raise cash for the initial public offering of the country's top telecoms company T-HT, brokers said.
“Monday brought us another doze of optimism when the situation turns to normal after a strong selling pressure in the past few weeks. More than 25 stocks had turnovers above the one million kuna level which is certainly a good signal from the market,“ said a broker with Ilirika brokerage.
The 30-share Crobex index of the Zagreb Stock Exchange advanced 0.16% to 4,845.5, its fourth gain in as many trading days. The 20-share Croemi index, calculated by commercial bank Raiffeisenbank Austria, was 0.43% higher at 3,997.08.
The CROX capitalisation-weighted price index of the seven most traded stocks on the ZSE, which the Vienna Stock Exchange launched this summer, lost 0.47% to 2,656.32 in euro terms.
Power transmission equipment maker Dalekovod was up 2.36% to 1,300 kuna on turnover of 9.6 million kuna, the biggest turnover for the day in Zagreb.
Shipping company Jadroplov hit an all-time high of 600 kuna intraday, “bolstered by the Baltic Dry index - the dry bulk shipping benchmark -peaking at its fresh all-time-high,” said Ivan Soldo, an analyst with Fima Fas consultancy. Jadroplov closed at 582 kuna, up 6.20% from Friday, on 2.3 million kuna of turnover.
The turnover in shares and bonds in floor trading fell to 100.3 million kuna ($19.3 million/13.7 million euro) from 127.4 million on Friday.
Overall, 63 shares closed higher, 54 lost ground and 26 were unchanged. The fixed-income Crobis index was up 0.02% to 98.0343 points.
(1 euro=7.3061 Croatian kuna)
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