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Zagreb bourse main share index drops further

Zagreb bourse main share index drops further Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), January 21 (SeeNews) - The main equity index of the Zagreb Stock Exchange (ZSE), the CROBEX, on Friday dropped for a second day, bourse data showed.

The 21-share blue-chip CROBEX index lost 1.86% to end at 2,164.82% on losses in hotel operator Valamar Riviera [ZSE:RIVP], lender Hrvatska Postanska Banka [ZSE:HPB], distributor Atlantic Grupa [ZSE: ATGR], electrical equipment manufacturer Koncar Elektroindustrija [ZSE:KOEI] and ICT solutions provider Ericsson Nikola Tesla [ZSE:ERNT], according to ZSE data.

On Thursday the CROBEX declined by 0.33%, ending a 19-day winning streak to a five-year high.

The narrower CROBEX10 index which tracks the top ten companies in terms of free float, market capitalisation and liquidity, closed 1.30% lower at 1,323.28 points.

Blue-chip Hrvatski Telekom [ZSE:HT] was the most liquid stock on Friday with a turnover of 2.8 million kuna ($422,000/372,000 euro). Its shares ended unchanged at 185 kuna.

Shares of Valamar Riviera dropped 1.71% to 34.4 kuna in a turnover of almost 2.0 million kuna.

Shares of food and pharmaceuticals producer Podravka [ZSE:PODR] finished unchanged at a tunrover of 696 kuna in a turnover of 1.4 million kuna.

In lower turnovers, shares of Atlantic Grupa dropped 3.11%, Koncar lost 2.65%, Ericsson Nikola Tesla fell 2.26%, and Hrvatska Posanska Banka went down 3.43%, while shares of car parts maker AD Plastic declined 3.43%.

ZSE's total turnover fell to 16.8 million kuna, from 37.9 million kuna on Thursday, when it was boosted by a 23.3 million kuna block trading in shares of software developer SPAN [ZSE:SPAN].

(1 euro = 7.529 Croatian kuna)

Hrvatska Postanska Banka d.d. is among the biggest banks in SEE, for more reference take a look at Top 100 banks
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