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Oct 15, 2007 17:52 EEST
ZAGREB (Croatia), October 15 (SeeNews) – Croatian commercial bank Raiffeisenbank Austria Zagreb (RBA) has included the shares of telecoms company T-HT and retailer Magma in its 20-share index Croemi to reflect strong investor interest in them, and has dropped another two stocks, RBA said on Monday.
"Since two very important initial public offerings of shares took place on the Croatian capital market in the last three months, of Magma and Hrvatske Telekomunikacije, and as a result of the strong investor interest and the size of these issuers we decided to include them in the index," the bank said in a statement.
The telecoms company stock will have the biggest weight in the index, 15%, followed by shares of oil and gas company INA and tobacco and tourism company Adris with 14.29% and 11.73%, respectively.
The two new constituents will replace holding company SN Holding and hotel owner Plava Laguna in the index.
Croemi ended Monday at its highest ever level of 4,432.96 points, up 1.40% from the previous record high it hit on Friday. The index has gained 64.89% since the beginning of the year.
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