HOTEL STOCKS SLIDE, ZAGREBACKA BANKA REACHES RECORD HIGH

ZAGREB, Oct 21 (Hina) - Last week's trading at the Zagreb Stock Exchange was characterised by a correction in prices of high-growth equities and a growing popularity of blue chips, chiefly Pliva and Zagrebačka Banka. Most hotel stocks lost ground last week, with Suncani Hvar dropping by 30 percent, Riviera by 20 percent and Arenaturist 17 percent. Notable exceptions include Laguna and Istratourist, which reached record highs (1,560 and 360 kuna, respectively). However, their growth was slower than in the previous weeks. Confectioner Kras and food processor Podravka stabilised at 700 and 280 kuna respectively. On the other hand, Pliva recovered to end 13,000 kuna, while Zagrebačka Banka stock reached a record high - 1,050 kuna. Treasury bonds edged up to 107.65 percent of the par value. (hina) as 211206 MET oct 96