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Dec 28, 2007 19:21 EEST
December 28 (SeeNews) - Slovenian stock indices fell for a third day running on Friday, the last trading day for the Ljubljana bourse in the current year, brokers said.
The blue-chip SBITOP index of the Ljubljana Stock Exchange (LJSE) fell 0.26% to close at 2,518.92 points and the broader 15-share SBI20 index lost 0.28% to 11,369.58.
Rubber-to-tourism holding company Sava was the biggest loser among the blue chips on Friday, Ilirika brokerage house said in a daily note. Sava lost 4.35% to an average price of 603.68 euro ($888).
Shares in the country’s second largest bank by assets, Nova Kreditna Banka Maribor (NKBM), fell 1.11% to 41.91 euro in the day's highest tunover of 2.146 million euro. NKBM had its first losing day on Thursday since making its debut on the LJSE on December 10.
Market analysts said last week that NKBM share would start falling soon as it had gained a lot since its market debut and its price was not justified. NKBM stock started trading on the LJSE on December 10 and has gained 14.48% since then.
Earlier this month the Slovenian government set the final price of NKBM's initial public offering at 27 euro per share, at the very top of the indicative price range. The offering was the first one on the LJSE in eight years and market analysts say its listing has whetted investor appetite for more IPOs. On Thursday the Slovenian government said that it planned an IPO of thecountry's largest insurer, Zavarovalnica Triglav.
The country's largest food retailer, Mercator, was the biggest gainer among the blue chips on Friday, rising 2.05% to 335 euro.
Total turnover rose to 6.96 million euro on Friday from 5.09 million euro on Thursday. The LJSE will be closed until January 3 for public and market holidays.
($ = 0.68 euro)
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