Stock Exchange

ZSE: INA stock jumps 64 pct, Crobex index 9 pct

14.12.2010 u 13:06

Bionic
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The Zagreb Stock Exchange index Crobex jumped about nine per cent by 11.30 am on Tuesday thanks to the reopened trading with the stock of the oil company INA after a seven-day freeze.

The Crobex jumped to 2,063 points, its highest day-on-day jump since October 2008 and its highest level since this past May 13.

The specialised index Crobex10 jumped 12.5 per cent to 1,126 points, its highest level since this past June 28.

Regular trading by 11.30 am was HRK 60 million.

The INA stock was the most traded, as anticipated, turning over more than HRK 43 million, an increase of 64 per cent, to HRK 2,830 per share. This is about one per cent more than the price offered by INA's majority owner, the Hungarian company MOL.

Trading in INA stock was suspended on December 3, at the order of the Croatian financial services supervisory agency Hanfa, when MOL announced it would buy INA stock from small and institutional investors at HRK 2,800 per share.

By 11.30 am, the stocks of the HT, Dalekovod, Adris and Uljanik Plovidba companies each turned over more than HRK 1 million.

The Dalekovod stock jumped 5.1 per cent to HRK 269 per share, the Adris stock went up 1.5 and the Uljanik Plovidba stock 2.4 per cent.

Thanks to today's jumps, the Crobex went up about three and the Crobex10 more than six per cent from the beginning of the year.