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Croatia's Koncar Elektroindustrija leads blue-chip losers in Zagreb, share indices drop

Croatia's Koncar Elektroindustrija leads blue-chip losers in Zagreb, share indices drop Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), October 16 (SeeNews) - The share indices of the Zagreb Stock Exchange (ZSE) fell on Wednesday, as electrical equipment manufacturer Koncar Elektroindustrija [ZSE:KOEI] led the blue-chip losers, ending a two-day winning streak, bourse data showed.

Koncar closed 4.44% lower at 645 kuna on Wednesday.

Manufacturer of plastic goods for the automotive industry AD Plastik [ZSE:ADPL] paced the blue-chip gainers, its shares closing at 183.5 kuna, up 4.26%.

Hrvatski Telekom [ZSE:HT] contributed the biggest portion of trading turnover among the blue-chip companies on Wednesday, of 5.7 million kuna, including a block transaction of 5.1 million kuna. The company's shares closed 0.59% higher at 171 kuna.

Confectionery producer Kras, which has been boosting ZSE's turnover over the past weeks, closed flat at 1,050 kuna in deals worth 496,600 kuna in total.

Trade in Kras soared following last month's announcement of a planned buyout bid by its largest single shareholder, meat producer Braca Pivac. Prior to the announcement, Kras traded at below 400 kuna.

The ZSE's total trading turnover edged down to 16.9 million kuna ($2.5 million/2.3 million euro), from 17.2 million kuna on Tuesday.

The ZSE's 25-share benchmark CROBEX index lost 0.16% to 1,997.62 after adding 0.73% 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, decreased 0.36% to 1,181.04 after increasing 0.53% on Tuesday.

The fixed-income CROBIS index edged down 0.01% to 116.8078.

(1 euro = 7.43362 kuna)