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Viktor Lenac's gains support rise in Croatian share indices

Viktor Lenac's gains support rise in Croatian share indices Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), October 28 (SeeNews) - The share indices of the Zagreb Stock Exchange (ZSE) rose on Monday, as shipbuilding company Viktor Lenac [ZSE:VLEN] led the blue-chip gainers, reversing losses it suffered in the previous trading session, ZSE data showed.

Viktor Lenac's shares closed at 8.40 kuna, up 6.33%, after losing 4.24% on Friday.

Diversified holding Djuro Djakovic [ZSE:DDHJ] led the blue-chip losers, after gaining the most on Friday. The group's shares closed 4.18% lower at 5.04 kuna.

Last week, Djuro Djakovic said it was in talks with creditors for resolving its current liquidity crisis which has left it short of funds to pay September salaries to employees. On Thursday, some 600 of Djuro Djakovic's employees launched a strike, demanding payment of their September salaries and the resignation of the management board director.

Hrvatski Telekom [ZSE:HT] contributed the biggest portion of trading turnover among the blue-chip companies on Monday, of 1.3 million kuna. The company's shares closed 1.18% higher at 171.5 kuna.

Confectionery producer Kras, which has been boosting ZSE's turnover for several weeks now, closed 0.94% lower at 1,050 kuna in deals worth 1 million kuna in total.

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 last week.

The ZSE's total trading turnover rose to 8.3 million kuna ($1.2 million/1.1 million euro), from 6.2 million kuna on Friday. 

The 25-share benchmark CROBEX index rose by 0.11% to 2,014.73 after dropping 0.41% 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, added 0.37% to 1,190.98 after decreasing 0.49% on Friday.

The fixed-income CROBIS index lost 0.16% to 116.6208.

(1 euro = 7.45418 kuna)

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