June 24 (SeeNews) - The drop of Croatian shares on Friday morning is a direct consequence of spillover effects of negative sentiment from international markets following the BREXIT vote, Croatia's Erste analyst told SeeNews.
Regarding effects on individual stocks, Davor Spoljara, Erste's stock markets analyst, said that although Croatian companies typically don't have any direct links with Britain, an indirect impact can be expected.
"Indirect impact could be visible via relations with partners from the European Union, and the extent to which this will reflect on the rate of economic growth in our main trading partners," Spoljara noted.
The 25-share benchmark CROBEX index of the Zagreb Stock Exchange (ZSE) was down 1.3% at 1,659.61 points by 12:13 CET, while the narrower of the bourse's two blue-chip indices, the CROBEX10, lost 0.9% to 971.47 points by the same time.