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Trading in INA shares resumes after 2 weeks, its price tumbles by 10%

ZAGREB, April 11 (Hina) - After two weeks of suspension in trading, INA stocks turned over HRK 2.1 million on Monday, closing at HRK 3,600, down 10,23 percent from 25 March - the last trading day before the suspension - when it closed at HRK 4,010.

The Zagreb Stock Exchange (ZSE) indexes -- the Crobex and the specialised Crobex10 index -- dropped by 1.81 percent to 2,204.8 points and by 2.34 percent to 1,221.23 points respectively on Monday.

Regular turnover came to HRK 14.95 million.

At the start of its first trading day in two weeks, the price of INA shares dropped by more than 10 percent, which is why the ZSE decided to temporary suspend trading in INA shares. The trading in INA shares resumed around 1300 hours.

The Croatian Financial Services Supervisory Agency (HANFA) on April 4 extended the suspension of trading in INA shares on the ZSE.

The HANFA Management Board at its extraordinary session last Monday adopted a decision ordering the ZSE to, without a delay, suspend trading in INA shares until 8 April.

On Monday, March 28, HANFA suspended trading in INA shares on the Zagreb Stock Exchange until the close of trading on April 1. The agency said that while monitoring trading in INA shares it had found significant trading by foreign investors, so it had asked relevant foreign regulators for necessary information in order to ensure transparent trading, protect investors and ensure regular and orderly trading on the capital market.

(EUR 1 = HRK 7.36)

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