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Croatian Stocks Reach 15-Month High as Global Sentiments Expand

Jan. 14 (Bloomberg) -- Croatia’s main stock index rose to the highest level in 15 months, following gains in other markets, as the country prepares to join the European Union this year.

The Crobex benchmark index reached 1869.05 at 1:40 p.m. in Zagreb, 1.35 percent higher than the previous close. It was the index’s biggest increase since Sept. 28, 2011, led by Petrokemija d.d., which rose 5.21 percent.

“Optimism in global capital markets has spread to Croatia, further boosted by the country’s imminent EU entry on July 1,” said Zeljko Kruhak, a broker at Auctor Invest d.o.o., by phone in Zagreb.

To contact the editor responsible for the story: James M. Gomez at jagomez@bloomberg.net

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