ZAGREB (Croatia), January 24 (SeeNews) - The main equity indices of the Zagreb Stock Exchange shed more than 2.50% each on Monday, mirroring losses on global equity markets caused by heightened Russia-NATO tensions over Ukraine and an expected rate hike by the U.S. Federal Reserve this week, bourse data showed.
The 21-share blue-chip CROBEX index dropped 2.54% to end at 2,109.83%, losing ground for a third straight session, and after reaching a five-year high on Wednesday.
The narrower CROBEX10 index which tracks the top ten companies in terms of free float, market capitalisation and liquidity, finished 2.64% lower at 1,228.39 points.
Hotel operator Valamar Riviera [ZSE:RIVP] generated the biggest turnover of 3.1 million ($466,000/412,000) kuna on Monday. The company's share price dropped 1.74% to end at 33.80 kuna.
Blue-chip Hrvatski Telekom [ZSE:HT] was the most traded stock with a turnover of 2.3 million kuna, as its share price declined 0.54% to 184 kuna.
Preferred shares of diversified holding Adris [ZSE:ADRS2] ended 3.49% lower at 415 kuna in a turnover of 1.3 million kuna.
All other seven most liquid shares ended in the red. ZSE's total turnover rose to 19.6 million kuna from 16.8 million kuna on Friday.
(1 euro = 7.529 Croatian kuna)
Hrvatski Telekom d.d. is among the biggest companies in SEE, for more reference take a look at Top 100 companies