You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Koncar Elektroindustrija, Podravka lift Zagreb share indices

Koncar Elektroindustrija, Podravka lift Zagreb share indices Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), October 14 (SeeNews) - The share indices of the Zagreb Stock Exchange (ZSE) rose on Monday, as electrical equipment manufacturer Koncar Elektroindustrija [ZSE:KOEI] led the blue-chip gainers, bourse data showed.

Koncar's shares closed 6.4% higher at 665 kuna on Monday.

Diversified holding Djuro Djakovic [ZSE:DDJH] paced the blue-chip losers, with shares closing at 6.46 kuna, down 3.87%.

Food producer Podravka [ZSE:PODR] contributed the biggest portion of trading turnover among the blue chip comapnies on Monday, of 1.4 million kuna. The company's shares closed 3.9% higher at 479 kuna.

Confectionery producer Kras, which has been boosting ZSE's turnover over the past weeks, closed 0.98% higher at 1,030 kuna in deals worth 1.2 million kuna in total.

On September 9, meat producer Braca Pivac said it plans to launch a joint buyout bid with local trading company Kras-ESOP for the remaining stake of 50.82% in Kras the two firms do not own among themselves yet. The company's shares were trading below the 400 kuna mark before the buyout plans were announced.

The ZSE's total trading turnover soared to 22.2 million kuna ($3.3 million/3.0 euro), from 9.3 million kuna on Friday.

The 25-share benchmark CROBEX index added 2.10% to 1,986.31 after gaining 0.26% 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, increased 2.02% to 1,178.99 after growing 0.35% on Friday.

The fixed-income CROBIS index lost 0.01% to 116.8140.

(1 euro = 7.43177 kuna)