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Losses in HT, Adris, Podravka, Valamar push lower Croatian share indices

Author Annie Tsoneva
Losses in HT, Adris, Podravka, Valamar push lower Croatian share indices Hrvatski Telekom

ZAGREB (Croatia), May 18 (SeeNews) - The main equity indices of the Zagreb Stock Exchange (ZSE) ended lower on Wednesday, after a rebound on Tuesday, amid losses in Hrvatski Telekom [ZSE:HT], holding company Adris [ZSE:ADRS2], food and pharmaceuticals producer Podravka [ZSE:ATPL] and hotel operator Valamar Riviera [ZSE:RIVP], bourse data showed.

The 23-share blue-chip index, the CROBEX, fell 0.23% to finish at 2,080.30 points.

The narrower CROBEX10 which tracks the top ten companies in terms of free float, market capitalisation and liquidity, lost 0.35% to end at 1,236.06 points.

Index heavyweight Hrvatski Telekom was the most traded share on Wednesday with a turnover of 719,500 kuna ($100,000/95,500 euro). Its shares declined 0.84% to 177.50 kuna.

Preferred shares of Adris were the second most traded issue with a turnover of 660,000 kuna. They went down 0.71% to end at 417 kuna.

The biggest daily loss, 38.67%, to 18.40 kuna, posted shares of transmission equipment manufacturer Dalekovod [ZSE:DLKV] in a turnover of 622,150 kuna, in lack of news from the company. Dalekovod is part of the CROBEX index but it is not included in CROBEX10.

In lower turnovers, shares of Podravka declined 0.34% and shares of Valamar Riviera fell 1.18%.

The ZSE's total trading turnover fell to 7.4 million kuna from 8 million kuna on Tuesday.

(1 euro = 7.534 Croatian kuna)

Hrvatski Telekom d.d. is among the biggest companies in SEE, for more reference take a look at Top 100 companies
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