Croatian Stocks Rise in Higher Turnover

The 24-share benchmark CROBEX index rose 3.5% to 1,963.68 points after gaining 0.20% on Thursday.

The 20-share CROEMI index, calculated by Raiffeisenbank Austria, closed at 1,754.68 points, up from 1,697.77 a day earlier.

The narrowest share index, CROX, which tracks the 12 most traded stocks on the ZSE and is calculated by the Vienna bourse, rose 3.46% in euro terms to 1,198.33 points.

Blue chip T-Hrvatski Telekom, majority-owned by Deutsche Telekom, posted the session's highest turnover of 3.17 million kuna ($618,900/432,700 euro). The company's shares closed up 0.14% at 228.33 kuna.

Total turnover in floor trading rose to 22 million kuna from 9.5 million kuna on Thursday.

The fixed-income CROBIS index edged down 0.06% to 86.47 points.

(1 euro=7.326 Croatian kuna)