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Viktor Lenac leads blue-chip losers in Zagreb, share indices drop

Viktor Lenac leads blue-chip losers in Zagreb, share indices drop Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), October 30 (SeeNews) - The share indices of the Zagreb Stock Exchange (ZSE) fell on Wednesday, dragged down by a fall in the share price of shipbuilding company Viktor Lenac [ZSE:VLEN], ZSE data showed.

Viktor Lenac's shares closed at 7 kuna, down 12.5%, leading the blue-chip losers on the ZSE.

Earlier on Wednesday, Viktor Lenac said it swung to a consolidated net profit of 951,173 kuna in the first nine months of 2019, from a loss of 12 million kuna in the same period last year.

Diversified holding Adris Grupa [ZSE] led the blue-chip gainers, closing 0.87% higher at 580 kuna. The company's preferred shares closed flat at 500 kuna in a turnover of 1.7 million kuna.

On Tuesday, Adris said it booked a net profit of 663 million kuna in the first nine months of 2019, down 12% year-on-year. 

Hrvatski Telekom [ZSE:HT] contributed the biggest portion of trading turnover among the blue-chip companies on Wednesday, of 1.85 million kuna. The company's shares closed 0.29% lower at 170.50 kuna.

Confectionery producer Kras closed flat at 1,050 kuna in deals worth 1.6 million kuna in total.

Kras said earlier on Wednesday its nine-month consolidated net profit rose to 18.5 million kuna from 16.8 million kuna in the like period of last year.

Last week, the company's largest single shareholder, meat producer Braca Pivac, launched a buyout bid for the remaining 69.27% in Kras it does not yet own at 430 kuna per share.

The ZSE's total trading turnover rose to 15.5 million kuna ($2.3 million/2.1 million euro), from 11.8 million kuna on Tuesday. 

The 25-share benchmark CROBEX index fell by 0.74% to 2,002.26 after rising 0.12% in the previous trading session.

The narrower of the ZSE's two blue-chip indices, the CROBEX10, which tracks the leading companies in terms of free float, market capitalisation and liquidity, lost 0.50% to 1,188.20 after adding 0.27% on Tuesday.

The fixed-income CROBIS index edged down 0.04% to 116.6283.

(1 euro = 7.45711 kuna)