Croatian Share Indices Start Week in Red, Turnover Halves

“Today’s trading on the Zagreb Stock Exchange was marked by monotony and lethargy as well as disengagement and passiveness on the part of investors,” local brokerage Ilirika said in a daily note.

The 28-share benchmark CROBEX index went down 0.77% to 1,777.01 points. The CROEMI 20-share index, calculated by Raiffeisenbank Austria, lost 0.83% to 1,591.17 points.

The narrowest index, CROX, which tracks the 12 most traded stocks on the Zagreb market and is calculated by the Vienna bourse, fell 1.10% in euro terms to 1,048.71 points.

Blue-chip shipping company Atlantska Plovidba was the most liquid stock and closed down 2.09% at 783.30 kuna ($139.23/105.97 euro) in the day's highest turnover of 3.83 million kuna. Index heavyweight telecommunications company T-HT came neck and neck in terms of turnover, falling 0.54% to close at 219.00 kuna in 3.82 million kuna worth of deals.

Blue-chip civil engineering company INGRA announced on Monday a capital hike via a new share issue worth 150 million kuna, Ilirika said. INGRA stock closed 5.02% down at 74.10 kina on 2.07 million kuna of turnover.

A marked gainer among the blue chips was power transmission equipment maker Dalekovod. Its shares rose 3.25% to close at 416.77 kuna in deals worth 1.91 million kuna.

The fixed-income CROBIS index edged down 0.07% to 89.34.

Total turnover in floor trading on Monday collapsed to 20.55 million kuna from 41.46 million kuna on Friday.

(1 euro = 7.392 Croatian kuna)