Croatia's main equity indices close higher on last trading day before euro adoption

The 18-share equity CROBEX added 0.38% to finish at 1,979.88 points, extending its winning streak for an eight session. The narrower index CROBEX10, which tracks the top ten companies in terms of free float, market capitalisation and liquidity, advanced 0.31% to close at 1,156.15 points.

Blue chip hotel owner and operator Valamar Riviera [ZSE:RIVP] was the most traded company with a turnover of 614,500 kuna ($86,000/81,500 euro) as its shares rose 0.33% to close at 30.50 kuna.

Shares of index heavyweight Hrvatski Telekom [ZSE:HT] appreciated 1.72% to close at 177.50 kuna in a turnover of 379,400 kuna.

Oil pipeline operator Janaf [ZSE: JNAF] was the biggest daily gainer as its shares surged 9.26% to close at 5,900 kuna on the news that it has signed annexes to contracts for storage of part of the country's mandatory reserves of oil products at its Omisalj terminal by the end of June 2023.

The bourse's total trading turnover fell to 4.8 million kuna from 6.3 million kuna on Tuesday.

The bourse decided earlier that its trading system will not operate on December 29 and 30 to enable efficient and safe transition to the euro currency. Croatia will join the eurozone as its 20th member on January 1.

(1 euro = 7.539 kuna)