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ZSE indexes continue to slump

ZAGREB, Aug 9 (Hina) - The trading on the Zagreb Stock Exchange (ZSE) began on Tuesday with losses and the indices plummeting by more than 3.5% by 1020 hrs.

The Crobex index went into the red by 3.66% coming to 1.959 points, and the specialised Crobex10 index plunged by 3.56 %, to 1,061 points.

Since the beginning of this year, the Crobex contracted by 7.16% and the Crobex10 by 8.06%.

On Tuesday morning, the regular turnover exceeded 16 million kuna, with the shares of the HT telecom being the most traded stock (HRK 5.4 million).

The price of the HT shares fell to HRK 229 , a record low since 8 September 2009.

The Petrokemija artificial fertiliser made a turnover of 1.2 million in the morning, and its price went down by 8.8% to HRK 157.

The slump in the indexes on the ZSE continued due to fears of a global economic recession and the negative developments on international markets,

Analysts predict the continuation of the negative sentiment on the stock markets.

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