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Hrvatski Telekom trades most, Zagreb bourse's share indices close mixed

Author Iskra Pavlova
Hrvatski Telekom trades most, Zagreb bourse's share indices close mixed Zagreb Stock Exchange (ZSE)

ZAGREB (Croatia), February 21 (SeeNews) - The share indices of the Zagreb Stock Exchange (ZSE) closed mixed on Friday, with blue chip Hrvatski Telekom [ZSE:HT] contributing the largest trading volumes.

A block deal in Hrvatski Telekom's shares resulted in 3.63 million kuna turnover, more than a third of the bourse's total for the day, with 20,000 of the telco's stocks changing hands.

Outside of block trading, HT generated the highest turnover of 1.5 million kuna. The company's shares gained 0.28% to a closing price of 181.50 kuna.

Telecommunications equipment manufacturer Ericsson Nikola Tesla [ZSE:ERNT] led the blue chip gainers on Friday, closing 1.04% up at 1,455 kuna in a volume of 371 traded shares.

Telecommunication services provider Optima Telekom [ZSE:OPTE] led the blue-chip losers for a third straight day, closing 6.04% lower at 7.0 kuna on Friday, as some 147,000 stocks changed hands.

On January 31, HT launched an international tender for the sale of its 17.41% stake and Zagrebacka Banka [ZSE:ZABA]'s 36.90% interest in Optima Telekom. The deadline for submitting bids is March 2.

Optima's shares traded at a maximum of 8.95 kuna on January 31, when the launch of the sale of the stakes held by HT and Zagrebacka Banka was announced.

On Friday, ZSE's total trading turnover declined to 12.8 million kuna ($1.9 million/1.7 million euro) from 21.6 million kuna on Thursday. 

The ZSE's 25-share benchmark CROBEX index edged up 0.04% to 2,021.72 after losing 0.42% on Thursday.

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, shed 0.08% to 1,201.45 after dropping 0.13% on Thursday. 

The fixed-income CROBIS index added 0.01% to close at 115.4800.

(1 euro = 7.44783 kuna)

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