September 23 (SeeNews) - The shares of Croatian confectionery producer Kras [ZSE:KRAS] gained a further 17.06% in another day of heavy trading on the Zagreb Stock Exchange (ZSE), bourse data showed on Monday.
Kras shares hit 995 kuna in a turnover of 68.7 million kuna, or 85% of the bourse's total turnover, data posted on the ZSE website showed.
On September 9, Croatian meat producer Braca Pivac said it plans to launch a joint buyout bid with local trading company Kras-ESOP for the remaining stake of 50.82% in Kras the two firms do not own among themselves yet.
The company's shares were trading below the 400 kuna mark before the buyout plans were announced.
Last week, Cyprus-registered Kappa Star, which is owned by Serbian businessman Nebojsa Saranovic, said it has acquired a stake of 5.35% in Kras.
The ZSE share indices rose on Monday, as food producer Podravka [ZSE:PODR] led the blue-chip gainers, bourse data showed.
Podravka closed 6.71% higher at 461 kuna, after pacing the blue-chip losers on Friday.
Power transmission equipment manufacturer Dalekovod [ZSE:DLKV] was the biggest blue-chip loser on Monday, as its share price fell 4.53% to 5.06 kuna. Dalekovod gained the most among the blue chips on Friday.
ZSE's total trading turnover skyrocketed to 80 million kuna ($11.9 million/10.8 million euro), from 15.7 million kuna on Friday.
The 25-share benchmark CROBEX index rose by 1.13% to 1,921.25 after growing 0.14% in the previous trading session.
The narrower of the ZSE's two blue-chip indices, the CROBEX10, which tracks the leading companies in terms of free float, market capitalisation and liquidity, increased by 1.39% to 1,132.76 after advancing 0.22% on Friday.
The fixed-income CROBIS index added 0.10% to 117.0652.
(1 euro = 7.40337 kuna)