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Sava Re leads blue-chip gainers in Ljubljana, SBITOP rises

Sava Re leads blue-chip gainers in Ljubljana, SBITOP rises Author: Ljubljana Stock Exchange Rights: All rights reserved

LJUBLJANA (Slovenia), June 7 (SeeNews) – The shares of Slovenian reinsurer Sava Re [LJE:POSR] rose the most among the blue-chip companies on the Ljubljana Stock Exchange on Friday, bourse data showed.

Sava Re's shares closed 2.72% higher at 15.1 euro.

Earlier in the day, the company said it has acquired 84% shareholding interest in local investment fund management company KBM Infond owned by lender Nova KBM.

Taking into account own shares, the company controls 85% of the voting rights, Sava Re said, adding that with the subsidiary Zavarovalnica Sava d.d. already holding a 15% stake in the company, the members of the Sava Insurance Group now hold 100% of the voting rights in Infond.

The share price of port operator Luka Koper [LJE:LKPG] fell the most among the blue chips on Friday, by 0.36% to 27.5 euro.

The SBITOP index, which tracks the most liquid and capitalised stocks on the LJSE, closed at 885.80 points, up 0.43%.

Pharmaceuticals producer Krka [LJE:KRKG] generated the largest share, of 379,770 euro, of the total daily trading turnover on the LJSE, which rose to 3.05 million euro ($3.4 million) from 1.11 million euro on Thursday.

($=0.88851 euro)