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Croatian capital market sees strong growth in first half of 2006

Autor: ;vmic;
ZAGREB, July 15 (Hina) - The Croatian capital market continued to grow in the first half of 2006, with trading at the Zagreb Stock Exchange increasing 81.5 per cent since last year to exceed KN25.6 billion, while the Varazdin Stock Exchange saw a 39% increase in trading, which amounted to KN1.7 billion.
ZAGREB, July 15 (Hina) - The Croatian capital market continued to grow in the first half of 2006, with trading at the Zagreb Stock Exchange increasing 81.5 per cent since last year to exceed KN25.6 billion, while the Varazdin Stock Exchange saw a 39% increase in trading, which amounted to KN1.7 billion.

The intensive trading had an impact on the value of shares, so that the Zagreb Stock Exchange index Crobex went up 50% to a record 2,713.5 points, while the Varazdin Stock Exchange index VIN scored 2,392 points, an increase of nearly 20%.

The list of the most liquid Croatian shares in the first half of this year was topped by pharmaceutical company Pliva. The sale of Pliva's shares generated nearly KN3 billion, or more than half of the total trading volume at the Zagreb Stock Exchange. The price of a Pliva share increased more than 83% and stood at KN760 at the end of June as against KN380 at the same time last year.

Pliva was followed by food maker Podravka, whose shares generated proceeds of KN478 million, tobacco company Adris Group, with proceeds of KN422 million, and shipping company Atlantska Plovidba, with nearly KN168 million. The sale of the shares of the four companies accounted for over 73% of the total trading volume at the Zagreb Stock Exchange in the first half of the year.

The most traded shares on the Varazdin Stock Exchange were those of telecommunications company Ericsson Nikola Tesla, which generated proceeds of nearly KN190 million. It was followed by Slatinska Banka, whose share sale proceeds amounted to slightly less than KN185 million, and agriculture company Belje, with proceeds of KN92.7 million.

(Hina) vm

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