Djuro Djakovic leads blue-chip losers in Zagreb, share indices drop

Djuro Djakovic closed at 4.75 kuna, down 8.65%.

On Tuesday, the company said it has paid out the delayed September wages to its employees, following which they halted their strike and returned to work.

Last month, Djuro Djakovic said it was in talks with creditors in an attempt to resolve a liquidity crisis that had left it and two of its four affiliated companies short of funds to pay out the September wages.

Telecommunication services provider Optima Telekom [ZSE:OPTE] led the blue-chip gainers on Wednesday, as its shares closed 2.4% higher at 6.40 kuna.

For a second straight day, tourism company Valamar Riviera [ZSE:RIVP] generated the highest trading turnover among the blue chips - 1.7 million kuna. The company's shares closed 0.53% lower at 37.70 kuna on Wednesday.

The ZSE's total trading turnover almost halved to 6.9 million kuna ($1.0 million/926,867 euro), from 12.6 million kuna on Tuesday.

The 25-share benchmark CROBEX index fell by 0.07% to 1,969.64 after dropping 0.05% in the previous trading day.

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, decreased by 0.10% to 1,170.22 after rising 0.15% on Tuesday.

The fixed-income CROBIS index lost 0.04% to 116.6780.

(1 euro = 7.4444 kuna)