HT acquisition prompts ZSE indices to rise to record high since mid-2011

The news that the Croatian telecommunications company Hrvatski Telekom (HT) signed an agreement on Tuesday to buy 76.53 percent of shares in Montenegro's Crnogorski Telekom from Hungary's Magyar Telekom for EUR 123.5 million propelled the Zagreb Stock Exchange (ZSE) Crobex index to rise by 0.98% to 2,056.04 points, a record high since August 2011, whereas trading reached HRK 21.5 million, 16 million more than on Monday.

The Crobex10  jumped by 1.42% to 1,192.98 points, a record high since July 2011.

The HT share turned over HRK 5.9 million and closed the day at HRK 176.70, a price rise of 5.18%.

The Turisthotel company made a turnover of HRK 4.66 million, and its share price rose by 1.69% to HRK 3,000.

Valamar Riviera generated a turnover of HRK 2.9 million, its share price going up 2.58% to 38.20 kuna.

Kras, the largest Croatian manufacturer of confectionery, made a turnover of 1.1 million and closed the day at the share price of 540 kuna, the same as on Monday.

(EUR 1 = HRK 7.576030)

Last update: Tue, 10/01/2017 - 20:51

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