Croatia News - CroatiaPress.com

Zagreb, March 3 (CP) – The Zagreb Stock Exchange index, Crobex, has ended February with a 5.9 percent drop, brining the total loss since the start of 2008 to more than 19 percent.
The January drop in value totalled 14 percent.
The more moderate drop in February was accompanied by a considerably lower liquidity of the market, so that the total turnover at the Zagreb Stock Exchange in February was down 41 percent compared to January with a drop in regular shares’ turnover by 25.1 percent. The sharpest drop has been recorded in bonds’ trade with its regular turnover dropping by 72.2 percent and reported turnover by 87.2 percent, while institutional turnover experienced a drop of 43 percent.
Total turnover at the end of February stood at 3.48 billion kuna, of which 1.84 was regular trade turnover. In comparison, the total turnover in January stood at nearly six billion kuna, while shares’ turnover totalled 2.5 billion kuna.
The most liquid of the shares were the Croatian Telecommunications (HT) shares accounting for more than 274.8 million kuna turnover, making up nearly 15 percent of the overall shares’ trade in February.