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Djuro Djakovic extends gains after signing of key loan deal, Zagreb share indices fall

Djuro Djakovic extends gains after signing of key loan deal, Zagreb share indices fall Zagreb Stock Exchange (ZSE)

ZAGREB (Croatia), January 24 (SeeNews) - Diversified holding company Djuro Djakovic [ZSE:DDJH] led the blue-chip gainers on the Zagreb Stock Exchange (ZSE) on Friday, extending gains from the previous day, after signing a life-saving loan agreement, bourse data showed.  

Djuro Djakovic's shares closed 2.65% higher at 5.04 kuna, after adding 3.15% on Thursday, when the government said that the financially troubled group has signed a 150 million kuna ($22 million/20 million euro) loan deal with local lender Hrvastka Postanska Banka supported by state guarantees that is intended to help the group pay debt to suppliers and the state, as well as to buy materials needed for the completion of three important contracts.

The share indices of the ZSE fell on Friday, with Zagrebacka Banka [ZSE:ZABA] pacing the blue-chip losers, data showed.

Zagrebacka Banka's shares closed at 65 kuna, down 2.26%.  

The 25-share benchmark CROBEX index fell 0.52% to 2,044.63 after gaining 0.19% in the previous trading session.

The narrower of ZSE's two blue-chip indices, the CROBEX10, which tracks the leading companies in terms of free float, market capitalisation and liquidity, lost 0.06% to 1,219.35 after adding 0.05% on Thursday. 

The fixed-income CROBIS index edged up 0.03% to 115.6194.

Hrvatski Telekom [ZSE:HT] generated the highest trading turnover among the blue chips - 531,390 kuna. The company's shares closed 0.81% higher at 186 kuna.

The ZSE's total trading turnover fell to 3 million kuna ($444,530/403,049 euro) on Friday from 5.7 million kuna on Thursday. 

(1 euro = 7.44327 kuna)

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