July 30 (SeeNews) - The Ljubljana Stock Exchange (LJSE) blue-chip SBITOP index rose 0.14% to 875.51 points on Tuesday, backed by Telekom Slovenije [LJE:TLSG].
Telekom Slovenije shares gained 0.96% to 62.8 euro on Tuesday, partly erasing recent losses. The company's shares lost 1.27% between July 24 and July 29, as on July 24 the company announced that it plans to distribute a gross dividend of 4.5 euro per share for 2018, sharply down from the 14.3 euro per share the company paid for 2017.
However, the news on the proposed lower dividend distribution were offset by an announced 35% year-on-year increase in the company's first-half net profit.
The other notable blue-chip gainer on Tuesday was fuel trader Petrol [LJE:PETG], which added 0.84% to 362 euro.
Trade in drug maker Krka [LJE:KRKG] formed the largest turnover on Tuesday, of 461,320 euro, followed by transactions in lender NLB [LJE:NLBR] shares, which contributed a further 227,420 euro.
LJSE's total daily trading turnover rose to 1.07 million euro ($1.19 million) on Tuesday from 670,210 euro on Monday.
($ = 0.8973 euro)
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