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Croatia's Atlantic Grupa trades heavily, ZSE's indices close mixed

Croatia's Atlantic Grupa trades heavily, ZSE's indices close mixed Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), October 9 (SeeNews) - Trading in the shares of Croatian food, drinks and distribution company Atlantic Grupa [ZSE:ATGR] contributed 85% of the total turnover on the Zagreb Stock Exchange (ZSE) on Wednesday, ZSE data showed.

Atlantic Grupa's shares closed at 1,260 kuna, up 0.8%, in a turnover of 78.05 million kuna, including a block transaction of 78.02 million kuna.

The share indices on the ZSE closed mixed, as shipbuilding company Viktor Lenac [ZSE:VLEN] led the blue-chip gainers for a third trading session in a row.

Viktor Lenac closed 3.45% higher at 7.50 kuna. 

Zagrebacka Banka [ZSE:ZABA] paced the blue-chip losers with shares closing at 58 kuna, down 1.69%.

Confectionery producer Kras, which has been boosting ZSE's turnover over the past weeks, rose sharply by 8.89% to 980 kuna in deals worth 5.5 million kuna in total.

On September 9, 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.

ZSE's total trading turnover skyrocketed to 91.9 million kuna ($13.6 million/12.4 million euro), from 9.4 million kuna on Monday, on the back of trading in Atlantic Grupa's shares.

The ZSE was closed on Tuesday for Croatia's Independence day.

The 25-share benchmark CROBEX index edged down 0.01% to 1,929.28 after rising 0.15% 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, added 0.06% to 1,146.99 after increasing by 0.21% on Monday.

The fixed-income CROBIS index closed flat at 116.9099.

(1 euro = 7.42734 kuna)