December 5 (SeeNews) - Slovenian stock indices rose for a third day running on Wednesday as turnover more than doubled, brokers said.
The broader 15-share SBI20 index of the Ljubljana Stock Exchange (LJSE) gained 0.54% to close at 11.253,97 points. The blue-chip SBITOP index rose 0.73% to 2,488.20.
Brokers have said investors await the listing of the country’s second largest bank by assets, Nova Kreditna Banka Maribor (NKBM). Earlier on Wednesday NKBM said it expects trading in its shares to start on December 10.
The Slovenian government said on Tuesday it had set the final price of the initial public offering (IPO) of NKBM, at 27 euro ($39.48) per share, at the very top of the price range.
NKBM's will be the first IPO on LJSE in eight years. It is expected to attract investors hungry for new listings and stimulate the stagnating bourse, analysts said.
Energy-to-tourism holding company blue-chip Istrabenz rose 2.17% to an average price of 103.05 euro on Wednesday.
Heavyweight blue-chip drug maker Krka added 1.57% to 119.30 euro. The company gained 2.65% on Tuesday after Austria’s Erste Bank raised its target price for the company, brokers have said. On Monday Erste Bank said it had upgraded its "accumulate" stock recommendation on Krka to “buy” and raised its target price to 139.50 euro per share from 130.
Total turnover on the LJSE more than doubled to 13.2 million euro ($19.4 million) on Wednesday from 5.35 million euro on Tuesday.
($ = 0.6797 euro)