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Losses in Podravka, AD Plastik drag down Croatian share indices

Author Annie Tsoneva
Losses in Podravka, AD Plastik drag down Croatian share indices Croatian manufacturer of plastic components for the automotive industry AD Plastik, Photo: AD Plastik

ZAGREB (Croatia), April 27 (SeeNews) - After a brief rebounding on Tuesday, the blue-chip indices of the Zagreb Stock Exchange (ZSE) declined on Wednesday on losses in food and pharmaceuticals producer Podravka [ZSE:PODR] and car parts manufacturer AD Plastik [ZSE:ADPL], bourse data showed.

The 23-share blue-chip index, the CROBEX, lost 0.29% to end at 2,117.56 points.

The narrower CROBEX10 which tracks the top ten companies in terms of free float, market capitalisation and liquidity, went down 0.38% to finish at 1,273.20 points.

Index heavyweight Podravka was the most traded share, contributing 1.1 million kuna ($153,000/145,000 euro) to the total turnover. Its price fell 0.33% to 608 kuna.

Lender Zagrebacka Banka [ZSE:ZABA] ranked second by turnover with 1.0 million kuna. Its shares added 0.31% to end at 64.60 kuna. The bank said earlier on Wednesday that its non-consolidated after-tax profit rose 48.2% on the year in the first three months of 2022, reaching 618 million kuna.

Shares of AD Plastik fell 1.41% to finish at 97.80 kuna in a turnover of 322,400 kuna after the company announced that its consolidated net profit slumped 97.9% on the year in the first quarter of 2022, to 580,000 kuna as production at its factories in Russia was suspended due to the war in Ukraine, while the global shortage of semiconductors continued.

The ZSE's total trading turnover million kuna fell to 6.3 million kuna from 7.3 million kuna on Tuesday.

(1 euro = 7.565 Croatian kuna)

Zagrebacka Banka d.d. is among the biggest banks in SEE, for more reference take a look at Top 100 banks
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