Hrvatski Telekom weighs on Croatian share indices

The total on-exchange turnover rose to some 785,000 euro ($853,000) from just 584,600 euro on Friday but remained relatively low.

The 21-share benchmark, the CROBEX, edged 0.19% lower to close at 2,823.80 points.

The narrower equity index CROBEX10, which tracks the top ten issuers in terms of free float, market capitalisation and liquidity, fell 0.44% to 1,691.15 points.

Blue-chip hotel owner and manager Valamar Riviera [ZSE:RIVP] generated the biggest daily turnover, 116,400 euro, as its shares added 0.78% to 5.20 euro.

ICT solutions provider Ericsson Nikola Tesla [ZSE:ERNT] followed with a turnover of 74,000 euro. Its shares appreciated 0.49% to 207 euro.

Shares of Hrvatski Telekom fell 0.97% to 30.90 euro in a turnover of 59,000 euro.

The biggest daily gainer was luxury clothing producer Varteks [ZSE:VART] with an 11.11% surge in its share price to 0.20 euro, following sharp declines last week, when the company’s shareholders approved a decision to delist it from the bourse. On Friday, the company published an invitation to potential investors to subscribe for a new share issue.

($ = 0.921 euro)