CROBEX is the official share index of the Zagreb Stock Exchange. As of March 2023, it includes stocks of 15 companies and is calculated continuously using the latest stock prices.[1][2] It is measured using free float market capitalization, where the weight of each individual stock is limited to 10 percent.[3]
| Foundation | 1 September 1997 |
|---|---|
| Operator | Zagreb Stock Exchange |
| Exchanges | Zagreb Stock Exchange |
| Constituents | 20 |
| Type | Large cap |
| Related indices | CROBEX10, CROBIS |
| Website | www.zse.hr/crobex |
History edit
It began to be published on 1 September 1997, and the base date is 1 July 1997, when its base value was 1,000 points.[3]
For a long time, the Pliva stock was one of the main constituents of the index, before the company was sold and de-listed.
In October 2007, its value was around 5,400 points, an all-time high. By March 2009, the index dropped to 1,300 points. In the first half of 2011, it hovered around 2,200 points, falling to below 1,800 by the end of the year. In October 2016, the index broke 2,000 points, the highest level since March 2013.[4]
In April 2018, an exchange traded fund started tracking the index.[5][6]
Inclusion criteria edit
Stocks have to be traded in more than 75% of the total number of trade days in the selected time period in order to be included into CROBEX. The stock ranking is determined by weighing the stock's free float market capitalization as a proportion of the total, and its traffic as a proportion of the total share traffic in the six-month time period observed.[1]
The index is revised every third Friday of March and September. The Index Commission can revise the index if the following extraordinary events happen:
- bankruptcy or liquidation of a company, increase or decrease in the base capital of a company, takeover, merger.
- removal of a stock listing
- long-term suspension of trade of a stock
There are also other circumstances related to the issuer or the stock that can affect the quality of the CROBEX index that can cause the commission to revise the index.
A special revision can happen to include a new stock in the index in case the stock, in the first 30 days since its listing date, is traded in 100% of the total number of trade days, taking into account its free float market capitalization and share of traffic.[3]
Composition edit
The index consists of the following 21 companies, as of the last revision in March 2024[1]
| Ticker | Company | Headquarters | NACE |
|---|---|---|---|
| ADPL | AD Plastik | Solin | Production of other parts and accessories for motor vehicles |
| ADRS2 | Adris Group | Rovinj | Management activities |
| ARNT | Arena Hospitality Group | Pula | Hotels and similar accommodation[7][8] |
| ATGR | Atlantic Group | Zagreb | Non-specialized wholesale trade |
| ATPL | Atlantska plovidba | Dubrovnik | Maritime and coastal transport of goods |
| CKML | Čakovečki mlinovi | Čakovec | Production of mill products[9] |
| DLKV | Dalekovod | Zagreb | Construction of utility projects for electricity and telecommunications[10][11][12] |
| ERNT | Ericsson Nikola Tesla | Zagreb | Production of communication equipment |
| HPB | HPB | Zagreb | Financial and Insurance Activities[8][7][13] [9] |
| HT | HT | Zagreb | Activities of wired telecommunications |
| INGR | Ingra | Zagreb | Engineering and related technical consulting[14][7][13][9] |
| KODT | Končar-DIST | Zagreb | Production of electric motors, generators and transformers[11][12] |
| KOEI | Končar | Zagreb | Production of electric motors, generators and transformers[8][7] |
| MAIS | Maistra | Rovinj | Accommodation and food service activities[7][11][12] |
| PLAG | Plava Laguna | Poreč | Hotels and similar accommodation[15][13][9] |
| PODR | Podravka | Koprivnica | Other processing and preservation of fruits and vegetables |
| RIVP | Valamar Riviera | Poreč | Hotels and similar accommodation |
| SPAN | Span | Zagreb | Computer programming[15][16] |
| ULPL | Alpha Adriatic | Pula | Maritime and coastal transport of goods[15][10][9] |
| VLEN | Viktor Lenac Shipyard | Rijeka | Construction of ships and floating structures[14][17] |
| ZABA | Zagrebačka banka | Zagreb | Other monetary intermediation |
Former components edit
| Ticker | Company | Headquarters | NACE | Comments |
|---|---|---|---|---|
| AUHR | AUTO HRVATSKA | Zagreb | Sale of cars and light motor vehicles | Added March 2020 and removed September 2020.[8][7] |
| DDJH | ĐURO ĐAKOVIĆ GRUPA | Slavonski Brod | Activities of head offices | Removed September 21, 2021, added March 9, 2022 and removed July 14, 2022.[18][15][19][20] |
| IGH | INSTITUT IGH | Zagreb | Other research and experimental development on natural sciences and engineering | Added March 2020 and removed March 2022[8][16] |
| JDPL | Jadroplov | Split | Maritime and coastal transport of goods | Added March 2022 and removed March 2024[15][12] |
| JDRN | JADRAN | Crikvenica | Hotels and similar accommodation | Removed September 2019.[21] |
| KODT2 | Končar-DIST | Zagreb | Production of electric motors, generators and transformers | Added September 2023[9] and removed March 2024[12] |
| KRAS | KRAŠ | Zagreb | Manufacture of cocoa, chocolate and sugar confectionery | Removed March 2019, added March 2020 and removed March 2022[14][8][16] |
| KTJV | Kutjevo | Kutjevo | Cultivation of cereals (except rice), legumes and oilseeds | Added March 2023[13] and removed September 2023[9] |
| LKPC | Luka Ploče | Ploče | Cargo handling | Add March 2022 and removed September 2022[15][10] |
| LRHC | FTB TURIZAM | Zagreb | Hotels and similar accommodation | Added September 2022[10] and removed March 2023[13] |
| OPTE | OT-OPTIMA TELEKOM | Zagreb | Wired telecommunications activities | Shared delisted in April 2002[22] |
| PBZ | Privredna banka Zagreb | Zagreb | Other monetary intermediation | Added March 2020 and removed September 2020.[8][7] |
| PTKM | PETROKEMIJA | Kutina | Manufacture of fertilisers and nitrogen compounds | Added September 2021 and removed after delisting on March 7, 2022[18][23] |
| SAPN | Saponia | Osijek | Manufacture of soap and detergents, cleaning and polishing preparations | Added March 2020, removed March 2021, added September 2021 and removed September 2022[8][17][18][10] |
| TPNG | TANKERSKA NEXT GENERATION | Zadar | Sea and coastal freight water transport | Added March 2020, removed on March 2021, added September 2021 and removed December 2022 after takeover by Tankerska plovidba d.d[8][17][18][24] |
| ULPL | ULJANIK PLOVIDBA | Pula | Sea and coastal freight water transport | Added and removed March 2019.[25][14] |
| VIRO | VIRO TVORNICA ŠEĆERA | Zagreb | Manufacture of sugar | Added March 2020 and removed September 2020.[8][7] |
See also edit
References edit
- ^ a b c "CROBEX". Zagrebačka burza (in Croatian). 17 March 2023. Retrieved 28 March 2023.
- ^ "CROBEX". Zagreb Stock Exchange (in Croatian). Retrieved 18 August 2018.
- ^ a b c "Indeksi: CROBEX". Zagreb Stock Exchange. 21 March 2011. Archived from the original on 31 December 2011. Retrieved 8 December 2008.
- ^ "Crobex postigao trogodišnji rekord | Blog @ Presscut - clipping & media monitoring". Archived from the original on 16 January 2017. Retrieved 13 January 2017.
- ^ "Expat Croatia CROBEX UCITS ETF ETF | BGCROEX03189". www.boerse-frankfurt.de. Retrieved 24 March 2024.
- ^ "Expat Croatia CROBEX UCITS ETF". expat.bg. Retrieved 24 March 2024.
- ^ a b c d e f g h "Revision of ZSE equity indices - 09/08/2020". zse.hr. Zagreb Stock Exchange. 8 September 2020.
- ^ a b c d e f g h i j "Revision of equity indices - 03/11/2020". Zagreb Stock Exchange. 11 March 2020. Retrieved 28 March 2024.
- ^ a b c d e f g "News: Revision of equity indices 09/06/2023". Zagreb Stock Exchange. 6 September 2023.
- ^ a b c d e "Revision of equity indices 09/08/2022". zse.hr. Zagreb Stock Exchange. 8 September 2022. Retrieved 18 March 2024.
- ^ a b c Added March 18, 2024
- ^ a b c d e "News: Revision of equity indices 03/07/2024". Zagreb Stock Exchange. 7 March 2024.
- ^ a b c d e "Revision of equity indices 03/07/2023". zse.hr. Zagreb Stock Exchange. 7 March 2023.
- ^ a b c d "Revision of CROBEX and CROBEXtr indices - 2019-03-08". zse.hr. Zagreb Stock Exchange. 8 March 2019. Retrieved 28 March 2024.
- ^ a b c d e f Added March 9, 2022
- ^ a b c "News: Revision of equity indices 03/09/2022". Zagreb Stock Exchange. 24 March 2024.
- ^ a b c "Revision of equity indices - 03/09/2021". zse.hr. Zagreb Stock Exchange.
- ^ a b c d "Revision of equity indices". Zagreb Stock Exchange. Retrieved 24 March 2024.
- ^ "Extraordinary revision of CROBEX and CROBEXtr indices - 07/12/2022". zse.hr. 12 July 2022. Retrieved 21 March 2024.
- ^ "EXTRAORDINARY REVISION of CROBEX © AND CROBEXtr© EQUITY INDICES" (PDF). 12 July 2022. Retrieved 21 March 2024.
- ^ "Revision of CROBEX, CROBEXtr, CROBEX10, CROBEXprime and ADRIAprime indices - 09/10/2019". zse.hr. 10 September 2019. Retrieved 28 March 2024.
- ^ "Extraordinary revision of CROBEX, CROBEXtr and CROBEXplus indices - 4/8/2022". zse.hr. 8 April 2022. Retrieved 24 March 2024.
- ^ "Extraordinary revision of CROBEX and CROBEXtr indices - 03/01/2022". Zagreb Stock Exchange. Retrieved 24 March 2024.
- ^ "Extraordinary revision of CROBEX, CROBEXtr, CROBEXplus and CROBEXtransport indices". zse.hr. Zagreb Sotck Exchange. 7 December 2022. Retrieved 18 March 2024.
- ^ "Revision of CROBEX and CROBEXtr indices - 03/11/2019". zse.hr. Zebreg Stock Exchange. 11 March 2019. Retrieved 28 March 2024.
External links edit
- Bloomberg page for CRO:IND
- CROBEX at the Zagreb Stock Exchange web site Archived 18 February 2013 at the Wayback Machine
- CROBEX chart @ rast.hr Archived 12 August 2010 at the Wayback Machine
- CROBEX Intraday Chart
- CROBEX and other regional indices at FIMA Securities