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Kras generates quarter of ZSE's total turnover, share indices close mixed

Kras generates quarter of ZSE's total turnover, share indices close mixed Zagreb Stock Exchange (ZSE)

ZAGREB (Croatia), November 8 (SeeNews) - Trading in the shares of Croatian confectionery producer Kras [ZSE:KRAS] contributed 27.2% of the total turnover on the Zagreb Stock Exchange (ZSE) on Friday, ZSE data showed.

Kras' shares closed flat at 1,050 kuna in a turnover of 3.6 million kuna, data posted on the ZSE's website showed. 

Earlier on Friday, Cyprus-registered Kappa Star company owned by Serbian businessman Nebojsa Saranovic said it has increased its ownership stake in Kras to 25.0147% from 21.185%. Kappa Star started buying Kras' shares in early September after Croatian meat producer Braca Pivac announced it plans to launch a joint buyout bid with local trading company Kras-ESOP for the remaining stake in Kras the two firms did not own yet.

The share indices of the ZSE closed mixed on Friday, as shipping company Viktor Lenac [ZSE:VLEN] led the blue-chip losers, ZSE data showed.

Viktor Lenac's shares closed at 7 kuna, down 6.67%.

Diversified group Djuro Djakovic [ZSE:DDJH] led the blue-chip gainers, after it was the biggest loser in the previous two days. The company's shares closed 4.21% higher at 5.44 kuna.

Earlier on Friday, Djuro Djakovic said its bank account has been unblocked. The bank accounts of the group and two of its four affiliated companies - Djuro Djakovic Special Vehicles and Djuro Djakovic Industrial Solutions, were blocked on October 30, shortly after the group revealed it has been in talks with creditors in an attempt to resolve a liquidity crisis which has left it short of funds to pay out September salaries.

Shipping company Atlantska Plovidba [ZSE:ATPL] generated the highest turnover among the blue chips, of 1.5 million kuna. Its shares closed 3.14% higher at 394 kuna.

The ZSE's total trading turnover fell to 13.2 million kuna ($1.95 million/1.77 million euro), from 15.7 million kuna on Thursday.

The 25-share benchmark CROBEX index rose by 0.05% to 1,976.01 after falling 0.08% 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, dropped 0.02% to 1,175.81 after losing 0.12% on Thursday. 

The fixed-income CROBIS index closed flat at 116.6163.

(1 euro = 7.43329 kuna)