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Croatia's Optima Telekom leads blue-chip losers on ZSE, share indices fall

Croatia's Optima Telekom leads blue-chip losers on ZSE, share indices fall Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), October 31 (SeeNews) - The share indices of the Zagreb Stock Exchange (ZSE) fell on Thursday, dragged down by telecommunication services provider Optima Telekom [ZSE:OPTE], ZSE data showed.

Optima's shares closed at 6.50 kuna, down 2.99%, leading the blue-chip losers on the ZSE.

On Wednesday, Optima said it swung to a consolidated net profit of 5.4 million kuna in the first nine months of 2019, from a net loss of 6.5 million kuna in the like period a year earlier.

Power transmission equipment manufacturer Dalekovod [ZSE:DLKV] led the blue-chip gainers, closing 2.29% higher at 5.36 kuna. 

On Wednesday, Dalekovod said it turned to a consolidated net profit of 22.4 million kuna in the first nine months of 2019, from a loss of 45.5 million kuna in the like period of last year.

Adris Grupa [ZSE:ADRS] contributed the biggest portion of trading turnover among the blue-chip companies on Thursday, of 2.7 million kuna, on the back of trading in the company's preferred shares. The company's preferred shares closed 0.4% lower at 498 kuna, while its ordinary shares closed at 575 kuna, down 0.86%.

On Tuesday, Adris Grupa said it booked a net profit of 663 million kuna in the first nine months of 2019, down 12% year-on-year.

Confectionery producer Kras closed flat at 1,050 kuna in deals worth 696,150 kuna in total.

Kras said on Wednesday its nine-month consolidated net profit rose to 18.5 million kuna from 16.8 million kuna in the like period of last year.

Last week, the company's largest single shareholder, meat producer Braca Pivac, launched a buyout bid for the remaining 69.27% in Kras it does not yet own at 430 kuna per share.

ZSE's total trading turnover fell to 10.2 million kuna ($1.5 million/1.4 million euro), from 15.5 million kuna on Wednesday. 

The 25-share benchmark CROBEX index fell by 0.51% to 1,991.98 after dropping 0.74% in the previous trading session.

The narrower of ZSE's two blue-chip indices, the CROBEX10, which tracks the leading companies in terms of free float, market capitalisation and liquidity, lost 0.69% to 1,180.02 after decreasing 0.50% on Wednesday.

The fixed-income CROBIS index edged down 0.02% to 116.6013.

(1 euro = 7.45409 kuna)

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