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Oct 02, 2007 19:11 EEST
ZAGREB (Croatia), October 2 (SeeNews) – All three Croatian share indices on Tuesday rose for a second day running, as the shipping sector shone but turnovers fell further, brokers said.
The turnover in shares and bonds in floor trading dropped to 62.8 million kuna ($12.2 million/8.6 million euro) from 66.5 million kuna a day earlier, as investors have been pouring billions of kuna in the initial public offering of the country's top telecoms company T-HT. The telecom’s shares will make their market debut in Zagreb and London on Friday.
The 30-share Crobex index of the Zagreb Stock Exchange rose 1.08% to 5,116.6 points.
The 20-share Croemi index, calculated by commercial bank Raiffeisenbank Austria, advanced 0.84% to finish at 4,204.76. Each of the two indices is some 56% higher than it was at the end of last year.
The CROX capitalisation-weighted price index of the seven most traded stocks on the ZSE, which the Vienna Stock Exchange launched this summer, outperformed Crobex and Croemi by rising 1.22% to end at 2,786.07 in euro terms.
“Shipping sector was on the bull's radar with Atlantska Plovidba and Uljanik Plovidba jumping to their new all-time highs supported by the Baltic Dry index peaking at its fresh all-time high of 9,566 points, while Jadroplov and Tankerska Plovidba also posted respectable gains,” said an analyst with Hypo Alpe-Adria-Bank. Atlantska Plovidba was the top volume share again with 6.6 million kuna of turnover. It hit a fresh record high ending at 3,250 kuna, up 8.33% from Monday.
Uljanik Plovidba, reached all-time high intraday, 4,555 kuna, but later retreated to finish at 4,461, up 0.47%, on 5.6 million kuna of turnover. Shares of Tankerska and Jadroplov gained more than 3.2% each in lower volumes.
Blue-chip food company Podravka went up 0.78% to 530 kuna closing on 3.9 million kuna of turnover.
Overall, advancers outnumbered decliners by 59 to 46 and 23 ended unchanged on Tuesday.
The fixed-income Crobis index nudged down 0.01% to 98.4387 points.
(1 euro=7.3037Croatian kuna)
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