ZAGREB, July 18 (Hina) - The total turnover of 274 million kuna (37 million US dollars) at the Zagreb Stock Exchange in the first half of this year made up just 69 percent of the entire turnover in the first half of 1998. Both the
Zagreb Stock Exchange and the Varazdin Securities Market have been affected by the problem of low liquidity and a lack of interest of foreign investors, read a publication 'Croatian Market 1H 1999 Overview' presented by the I.C.F. firm on July 15. The publication gave business results of leading Croatian companies, whose share are quoted on the Croatian capital markets. It also presented privatisation investment funds (PIFs). According to this overview, the official index of the Zagreb Stock Exchange, CROBEX, rose by 0.6 percent to 724.6 points in the first six months of 1999, and depended mostly on changes in prices of shares of the pharmaceu
ZAGREB, July 18 (Hina) - The total turnover of 274 million kuna (37
million US dollars) at the Zagreb Stock Exchange in the first half
of this year made up just 69 percent of the entire turnover in the
first half of 1998. Both the Zagreb Stock Exchange and the Varazdin
Securities Market have been affected by the problem of low
liquidity and a lack of interest of foreign investors, read a
publication 'Croatian Market 1H 1999 Overview' presented by the
I.C.F. firm on July 15.
The publication gave business results of leading Croatian
companies, whose share are quoted on the Croatian capital markets.
It also presented privatisation investment funds (PIFs).
According to this overview, the official index of the Zagreb Stock
Exchange, CROBEX, rose by 0.6 percent to 724.6 points in the first
six months of 1999, and depended mostly on changes in prices of
shares of the pharmaceutical firm 'Pliva' and the Zagrebacka bank.
The trading on Croatia's capital markets should become brisker
after big privatisation projects are conducted in the Croatian
Telecommunication (HT), the 'Croatia osiguranje' insurance
company and in some banks, the I.C.F. predicted.
(hina) ms