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Croatian share indices plunge on bearish market, turnover doubles

Author Annie Tsoneva
Croatian share indices plunge on bearish market, turnover doubles Photo: Ljubljana Stock Exchange / All rights reserved.

ZAGREB (Croatia), June 17 (SeeNews) - The main equity indices of the Zagreb Stock Exchange (ZSE) dropped by more than 1.30% each on a bearish market on Friday, extending their losing streak for a fifth straight trading session, bourse data showed.

The bourse's total trading turnover reached 8.9 million kuna ($1.24 million/1.18 million euro) on Friday from to 4.4 million kuna on Wednesday. On Thursday the bourse was closed for Corpus Christi, a public and market holiday.

The 23-share blue-chip index, the CROBEX, lost 1.67% to finish at 2,003.67 points on Friday. The narrower CROBEX10 which tracks the top ten companies in terms of free float, market capitalisation and liquidity, fell 1.38% to end at 1,189.98 points.

Shipping company Atlantska Plovidba [ZSE:ATPL] was the most traded company with a turnover of 2.4 million kuna. Its share price dropped 3.33% to end at at 466 kuna.

Shares of ICT solutions provider Ericsson Nikola Tesla [ZSE:ERNT] lost 2.67% to finish at 1,820 kuna in a turnover of 1.1 million kuna.

Index heavyweight Hrvatski Telekom [ZSE:HT] fell 0.86% to 173.50 kuna in a turnover of 1.0 million kuna.

Only three shares ended higher on Friday: constriction company Tehnika [ZSE:THNK] surged 29.51%, oil and gas company INA [ZSE:INA] gained 1.16% and ordinary shares of diversified holding Adris [ZSE:ADRS] appreciated 0.91% in lower turnovers.

(1 euro = 7.518 Croatian kuna)

Hrvatski Telekom d.d. is among the biggest companies in SEE, for more reference take a look at Top 100 companies
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