Ina Share Drops

Ina company share dropped to 2,900 kuna, Atlas real estate surpasses 200 kuna.

Ina oil company share continued its drop on Monday, at the Zagreb Stock Exchange (ZSE), which started at the end of last week, and around 14 hours, it was traded by around 2,900 kuna, which is 2.7 percent less than 2,980 kuna on Friday.

Historic maximum of 3,095 kuna

Drop of Ina share value began on Thursday, after it had reached its historic maximum of 3,095 kuna a day earlier, and was closed at 3,040 kuna. The closing price of Ina share on Thursday was 3,015 kuna. On Wednesday afternoon an incident occurred in the Sisak Refinery, but it appears that this is not the cause of the cession of Ina share growth, which increased in value by more than 30 percent from this year`s start until the middle of last week.

Investors decided to cash in on the rise of share value

In absence of new information linked with the largest home oil company, it is safe to assume investors decided to cash in on the rise of this share value, which is visible from a large turnover of 15.3 million kuna, realised at 14 hours on Monday, the Bankamagazine.hr writes.

Atlas rises strongly

At the same time, share of the Dubrovnik-based Atlas nekretnine (real estate) company, which was included in the stock exchange listing of public joint-stock companies on Wednesday last week, continues to rise strongly. From the lowest 85 kuna noted last week, its price rose up to 205 kuna even on Monday by 14 hours and was 25 percent larger that 164 kuna that it amounted to as the closing value on Friday.