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Rise in Adris' share price helps lift Croatia's benchmark stock index

Rise in Adris' share price helps lift Croatia's benchmark stock index Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), September 12 (SeeNews) - The share indices of the Zagreb Stock Exchange (ZSE) rose on Thursday, supported by a rise in the share price of diversified company Adris Grupa [ZSE:ADRS], bourse data showed.

Adris' ordinary shares, which contributed the most, closed 3.7% higher at 560 kuna, while its preferred shares closed at 468 kuna. up 0.43%.

Plastic products manufacturer AD Plastik [ZSE:ADPL] led the blue-chip losers, as its shares closed 0.59% lower at 169 kuna.

Telecommunication services provider Hrvatski Telekom [ZSE:HT] contributed the highest portion of trading turnover among the blue chips on Thursday, of 5.6 million kuna, including a block transaction of 3.9 million kuna. The company's shares closed flat at 160 kuna.

Confectionery producer Kras [ZSE:KRAS] generated a turnover of 8.6 million kuna as its shares rose sharply by 13.73% to 580 kuna.

On Monday, Croatian meat producer Braca Pivac said it plans to launch a joint buyout bid with local trading company Kras-ESOP for the remaining stake of 50.82% in Kras the two firms do not own yet. 

ZSE's total trading turnover jumped to 25 million kuna ($3.7 million/3.4 million euro) on Thursday, from 13.4 million kuna on Wednesday.

The 25-share benchmark CROBEX index rose by 0.62% to 1,891.79 after falling 0.06% 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, added 0.47% to 1,101.78 after increasing by 0.15% on Wednesday.

The fixed-income CROBIS index advanced 0.39% to 117.0001.

(1 euro = 7.38970 kuna)