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Croatia's Kras share price soars, ZSE's main stock indices rise

Croatia's Kras share price soars, ZSE's main stock indices rise Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), September 18 (SeeNews) - Trading in the shares of Croatian confectionery producer Kras [ZSE:KRAS] contributed 88% of the total turnover of the Zagreb Stock Exchange (ZSE) on Wednesday, as the company's share price soared, ZSE data showed.

Last week, 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.

Kras' share price rose by 16.31% to 820 kuna. Trading in the stock generated turnover of 52.7 million kuna.

The share indices of the ZSE rose on Wednesday, as food producer Podravka [ZSE:PODR] led the blue-chip gainers, bourse data showed.

The shares of Podravka closed 1.95% higher at 418 kuna.

Power transmission equipment manufacturer Dalekovod [ZSE:DLKV] paced the blue-chip losers, as its share price fell 2.99% to 5.20 kuna.

Hrvatski Telekom [ZSE:HT] contributed the highest portion of trading turnover among the blue chips on Wednesday, of 1.6 million kuna. The company's shares closed 1.25% higher at 162.5 kuna.

ZSE's total trading turnover almost trebled to 59.7 million kuna ($8.9 million/8.1 million euro), from 21.4 million kuna on Tuesday.

The 25-share benchmark CROBEX index rose by 0.42% to 1,893.77 on Wednesday after falling 0.49% 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 0.67% to 1,110.10 after shedding 0.30% on Tuesday.

The fixed-income CROBIS index lost 0.14% to 116.8254.

(1 euro = 7.39813 kuna)