Ljubljana stock indices edge up in lower turnover
Bosnia's Federation retail sales up real 8.8% y/y in Oct
Most Sofia bourse indices end higher, Eurohold paces gainers
Podravka, Adris boost Croatia’s share indices in lower turnover
Romanian stock indices turn green, MedLife shines
Dec 17, 2007 19:29 EEST
ZAGREB (Croatia), December 17 (SeeNews) – Croatian share indices fell again in low turnover on Monday amid global recession concerns and following domestic inflation figures, market analysts said.
"Stocks closed lower today as CPI [consumer price index] data added to global recession concerns," said Neven Salamon, an analyst with the Fima Fas consultancy.
Croatia's November CPI rose by 1.0% month-on-month after increasing by 0.3% in October, while the year-on-year rise in the CPI accelerated slightly to 4.6% from 4.3% in October, the statistics bureau reported on Friday.
The 30-share Crobex index of the Zagreb Stock Exchange (ZSE) finished at 4,888.04, down 0.83%. The Croemi 20-share index, calculated by commercial bank Raiffeisenbank Austria, fell 0.85% to 4,025.29. Each has gained around 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, lost 1.05% in euro terms to 2,585.86. Turnover in floor trading was 61.9 million kuna ($12 million/8.5 million euro), up slightly from 58 million on Friday. Earlier this year daily turnover used to exceed 100 million kuna. Shares in oil and gas company INA, an index heavyweight, fell 0.56% to 2,645 kuna in the highest turnover of around 8.0 million kuna. Telecommunications company T-HT lost 0.87% to 349.89 kuna on 7.7 million kuna of turnover.
Civil engineering institute IGH’s shares dropped 1.41% to 13,300 kuna on some 7.0 million kuna of turnover.
Blue-chip shipping company Atlantska Plovidba's shares shed 3.43% to 3,322 kuna on 2.6 million kuna of turnover. "Atlantska Plovidba tumbled 3.5%, pressured by a further drop in the Baltic Dry index [of shipping rates] to 9,848 points," said an analyst with Hypo Alpe-Adria-Bank.
Overall decliners outnumbered advancers by 69 to 31 and 21 shares closed unchanged.
The fixed-income Crobis index rose to 96.57 from 96.48 on Friday.
(1 euro= 7.2992 Croatian kuna)
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