Croatian Share Indices Rise in Swelling Turnover

The 28-share benchmark CROBEX index went up 1.55% to 1,787.98 points. The CROEMI 20-share index, calculated by Raiffeisenbank Austria, gained 1.38% to 1,600.12 points.

The narrowest index, CROX, which tracks the 12 most traded stocks on the Zagreb market and is calculated by the Vienna bourse, rose 1.91% in euro terms to 1,059.68 points.

Seven companies made it above the million-kuna turnover, and most of them added in value. Index heavyweight telecommunications company T-HT was the most liquid stock and closed up 2.25% at 225.00 kuna ($39.44/30.49 euro) in the day's highest turnover of 6.58 million kuna. Blue-chip shipping company Atlantska Plovidba came neck-to-neck, rising 3.52% to 820.00 kuna closing in 6.50 million kuna worth of deals.

The construction sector was also liquid, with power transmission equipment maker Dalekovod going up 3.54% to close at 410.00 kuna on turnover of 3.18 million kuna. Trading in civil engineering institute IGH hit 1.52 million kuna, but the stock lost 0.86% to close at 3,570.00 kuna. Civil engineering firm INGRA was the sector’s best performer, gaining 5.47% to 74.99 kuna on deals worth 977,508 kuna.

The fixed-income CROBIS index was the only one to end in the red, edging down 0.04% to 88.98.

Total turnover in floor trading on Wednesday jumped to 30.22 million kuna from 19.44 million kuna on Tuesday.

(1 euro = 7.3785 Croatian kuna)