Bosnia's Federation trade gap widens 4.9% y/y in Jan-Oct
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
Dec 04, 2007 19:35 EEST
ZAGREB (Croatia), December 4 (SeeNews) – All Croatian share indices gained ground on Tuesday but turnovers remained negligible as big investors are staying away from the market at the end of the year, brokers said.
Nevem Salamon, an analyst with Fima Fas consultancy, attributed the revived optimism on the market to the start of talks to set up a new government. “Negotiations on the constitution of a new government have started. The ruling HDZ party started talks with the centre-oriented HSS-HSLS coalition. The market welcomed the start,” he said.
The outgoing conservative HDZ party has a slight edge over the main opposition party, the Social Democrats, after Croatia’s parliamentary elections on November 25, partial results indicate. Each of the two main contenders seeks to enter a coalition with smaller parties to form a cabinet.
The 30-share Crobex index of the Zagreb Stock Exchange (ZSE) closed at 4,692.91, up 1.11%. The Croemi 20-share index, calculated by commercial bank Raiffeisenbank Austria, added 1.01% to 3,839.14. Each of them has gained some 42% 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, was up 0.93% to 2,481.82 in euro terms. Turnover in floor trading was almost unchanged, 39.9 million kuna ($8.0 million/5.4 million euro) compared to 38.8 million a day earlier, far below usual levels of some 100 million kuna this year.
Shares of telecommunications group T-HT added 0.13% to 336.50 kuna on the biggest daily turnover, 6.9 million kuna. Oil and gas company INA, an index heavyweight, rose 1.59% to 2,489 kuna on 5.3 million kuna of turnover. Blue-chip shipping company Atlantska Plovidba advanced a further 3.29% to 3,265 kuna on 3.5 million kuna of turnover.
Overall gainers outnumbered losers by 55 to 32 and 17 shares were unchanged.
The fixed-income Crobis index ended at 96.20, up fractionally from 96.19 on Monday.
(1 euro=7.3300 Croatian kuna)
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