November 12 (SeeNews) - Croatian share indices on Monday ended lower amid a fall in turnover, brokers said.
Turnover in shares and bonds in floor trading was only 78.1 million kuna ($15.5 million/10.6 million euro), down from 92.6 million kuna on Friday and far below levels in the previous few weeks.
The 30-share Crobex index of the Zagreb Stock Exchange (ZSE) fell back 0.39% to 4,959.7 points.
“The Crobex fell due to low turnover. The big investors have withdrawn from the market while small investors sell off in panic to get cash,” Darko Susec, a stockbroker with Abakus Brokerage told SeeNews. Uncertainty on markets aboard also contributed, he added.
The Croemi 20-share index of commercial bank Raiffeisenbank Austria lost 0.29% to 4,055.58. The two indices have been mostly falling since hitting their all-time highs in mid-October and following gains of more than 50% since the beginning of the year.
The narrowest CROX index of the seven most traded stocks on the ZSE, which the Vienna Stock Exchange launched this summer, edged 0.12% lower to 2,632.96 in euro terms.
Telecoms company T-HT, whose shares were floated last month, again was the most liquid share by daily turnover, 16.4 million kuna. Its share price added 0.14% to finish at 362 kuna. T-HT stock is not part of the Crobex yet.
Blue-chip civil engineering company Ingra fell 2.73% to 53,500 kuna on almost 7.0 million kuna of turnover.
Power transmissions facilities maker Dalekovod increased 0.63% to 1,600 kuna on 5.6 million kuna on the news of a new equipment delivery deal worth 560 million kuna with motorway operator Autocesta Rijeka-Zagreb.
Ice-cream maker Ledo surged 5.95% to 18,645 kuna on 2.4 million kuna of turnover. Intraday, the bourse temporarily suspended its shares due to growth above the set limit. Share prices of several companies, including Ledo, that are majority owned by businessman Ivica Todoric, have been lifted by a possible acquisition in Turkey that could be their new market, Susec said. On Friday, Todoric said his food concern has been short listed in a tender for the majority stake in leading Turkish retailer Migros Turk.
Overall, 54 shares rose, the same number lost ground and 23 shares closed unchanged.
The fixed-income Crobis index was up 0.18% to 97.9385 points.
(1 euro=7.3495 Croatian kuna)