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Kras boosts trading turnover on Zagreb Stock Exchange, share indices rise

Kras boosts trading turnover on Zagreb Stock Exchange, share indices rise Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), October 22 (SeeNews) - Trading in the shares of Croatian confectionery producer Kras [ZSE:KRAS] contributed almost 35% of the total turnover on the Zagreb Stock Exchange (ZSE) on Tuesday, ZSE data showed.

Kras' shares closed flat at 1,050 kuna in a turnover of 2.5 million kuna, data posted on the ZSE website showed. 

Trading in Kras' shares has picked up following last month's announcement of a planned buyout bid by the company's largest single shareholder, meat producer Braca Pivac. Prior to the announcement, Kras' shares traded at below 400 kuna.

The ZSE's share indices rose on Tuesday, as shipbuilding company Viktor Lenac [ZSE:VLEN] led the blue-chip gainers, after its shares posted the biggest losses on Monday.

Viktor Lenac's shares closed at 7.50 kuna on Tuesday, up 3.45%.

Diversified holding Djuro Djakovic [ZSE:DDJH] led the blue-chip losers, closing 10% lower at 4.95 kuna.

Arena Hospitality Group [ZSE:ARNT] contributed the biggest portion of trading turnover among the blue-chip companies on Tuesday, of 740,000 kuna. The company's shares closed 0.54% lower at 370 kuna.

The ZSE's total trading turnover fell to 7.2 million kuna ($1.1 million/967,678 euro), from 8.6 million kuna on Monday. 

The 25-share benchmark CROBEX index edged up 0.01% to 2,008.30 after dropping 0.24% in the previous trading session.

The narrower of the ZSE's two blue-chip indices, the CROBEX10, which tracks the leading companies in terms of free float, market capitalisation and liquidity, increased by 0.32% to 1,192.04 after decreasing at the same rate on Monday.

The fixed-income CROBIS index lost 0.05% to 116.8412.

(1 euro = 7.44049 kuna)