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Gains in Podravka, Valamar, Koncar lift Croatian share indices

Author Annie Tsoneva
Gains in Podravka, Valamar, Koncar lift Croatian share indices Low-floor tramways of Croatia's Koncar - Electric Vehicles/Photo: Koncar - Electric Vehicles

ZAGREB (Croatia), December 16 (SeeNews) - The main share indices of the Zagreb Stock Exchange (ZSE) closed higher on Thursday, supported by gains in food and pharmaceuticals producer Podravka [ZSE:PODR], hotel operator Valamar Riviera [ZSE:PODR] and electrical equipment manufacturer Koncar Elektroindustrija [ZSE:KOEI], bourse data showed.

The ZSE's blue-chip 21-share benchmark CROBEX index finished at 2,034.10 points, up 0.68%, ZSE data showed.

The narrower of the ZSE's two blue-chip indices, the CROBEX10, which tracks the top ten companies in terms of free float, market capitalisation and liquidity, rose 0.73% to finish at 1,246.83 points.

Podravka was the most liquid stock on Thursday, contributing1.7 million kuna ($256,000/226,000 euro) of the ZSE's total turnover, as its share price increased 0.95% to 636 kuna.

Insurer Adriatic Osiguranje [ZSE:JDOS] was the second most liquid stock with a turnover of 1.2 million kuna. Its share price declined 0.81% to close at 4,900 kuna.

Shares of Valamar Riviera advanced 0.31% to 32.20 kuna in a turnover of 1.0 million kuna.

Koncar's shares surged 2.35% to end at 870 kuna in a turnover of 966,000 kuna as the company said earlier on Thursday that it expects an all-time high consolidated sales of more than 3.5 billion kuna ($526 million/466 million euro) this year, and their further growth to 3.78 billion kuna next year.

The ZSE's total turnover dropped to 7.5 million kuna from 44.3 million kuna on Wednesday, when it was boosted by a 30.2 million kuna trading in government bonds maturing in 2028.

(1 euro = 7.516 Croatian kuna)

Jadransko Osiguranje d.d. is among the biggest insurers in SEE, for more reference take a look at Top 100 insurers
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