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]

CROBEX
Foundation1 September 1997
OperatorZagreb Stock Exchange
ExchangesZagreb Stock Exchange
Constituents20
TypeLarge cap
Related indicesCROBEX10, CROBIS
Websitewww.zse.hr/crobex

History

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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

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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

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The index consists of the following 20 companies, as of the last revision in September 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 [Wikidata] 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][15][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[14][8][7]
MONP Mon Perin [Wikidata] Bale Holiday and other short-stay accommodation[16]
PLAG Plava Laguna Poreč Hotels and similar accommodation[17][18][19][13][9]
PODR Podravka Koprivnica Other processing and preservation of fruits and vegetables
RIVP Valamar Riviera [Wikidata] Poreč Hotels and similar accommodation[20]
SPAN Span [Wikidata] Zagreb Computer programming[19][21]
VLEN Viktor Lenac Shipyard Rijeka Construction of ships and floating structures[22][15][23]
ZABA Zagrebačka banka Zagreb Other monetary intermediation[24]

Former components

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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]
BLJE BELJE d.d. Dard Darda Growing of cereals (except rice), leguminous crops and oil seeds Removed May 8, 2017[25]
DDJH ĐURO ĐAKOVIĆ GRUPA Slavonski Brod Activities of head offices Removed September 21, 2021, added March 9, 2022 and removed July 14, 2022.[26][19][27][28]
HIMR Imperial Riviera Rab Hotels and similar accommodation Added March 2015,[17] removed September 2015[18] and added September 2016 and removed March 2017[29]
HMST Hoteli Maestral Dubrovnik Hotels and similar accommodation Added March 2015[17] and removed September 2015[18]
HUPZ HUP - Zagreb Zagreb Hotels and similar accommodation Added March 2014,[30] Adjusted number of shares March 24, 2014[31] Removed September 2014,[14] added March 2015[17] and removed September 2015[18]
IGH INSTITUT IGH Zagreb Other research and experimental development on natural sciences and engineering Added September 2017,[24] removed September 2018, added March 2020 and removed March 2022[32][8][21]
INA Ina Zagreb Manufacture of refined petroleum products Removed September 2016[33]
JDPL Jadroplov Split Maritime and coastal transport of goods Added September 2014,[14] removed March 2015,[17] removed March 2018,[22] added March 2022[19] and removed March 2024[12]
JDRN JADRAN Crikvenica Hotels and similar accommodation Added September 2018,[32] removed September 2019.[34]
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[15][8][21]
KTJV Kutjevo Kutjevo Cultivation of cereals (except rice), legumes and oilseeds Added March 2023[13] and removed September 2023[9]
LEDO Ledo Zagreb Manufacture of ice cream Removed September 2015[18] and added March 2016,[35] Removed May 8, 2017[25]
LKPC Luka Ploče Ploče Cargo handling Added March 2014,[30] Removed September 2014,[14] added March 2015,[17] removed March 2016,[35] added September 2016[33] and removed March 2018,[22] added March 2022[19] and removed September 2022[10]
LKRI Luka Rijeka Rijeka Cargo handling Removed March 2015,[17] added September 2015,[18] removed March 2017,[29] added March 2018[22] and removed September 2018[32]
LRH Liburnia Riviera Hoteli Opatija Hotels and similar accommodation Added March 2015[17] and removed September 2015[18]
LRHC FTB TURIZAM Zagreb Hotels and similar accommodation Added September 2022[10] and removed March 2023[13]
MAIS Maistra [Wikidata] Rovinj Hotels and similar accommodation Added March 2015,[18] Removed September 2016,[33] Added March 2017,[29] Removed September 2017,[24] Added March 2018,[22] Removed September 2020,[7] added March 2024,[11][12] and removed September 2024[16]
OPTE OT-OPTIMA TELEKOM Zagreb Wired telecommunications activities Added September 2015[18] and shares delisted in April 2002[36]
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 Removed March 2015,[17] added September 2015,[18] removed March 2016,[35] added March 2017,[29] removed September 2017,[24] added September 2021 and removed after delisting on March 7, 2022[26][37]
RIZO RIZ-odašiljači Zagreb Manufacture of communication equipment Added September 2014,[14] removed March 2015,[17] added September 2015[18] and removed March 2016[35]
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][23][26][10]
SUNH Sunčani Hvar Hvar Hotels and similar accommodation Added September 2016[33] and removed November 18, 2016[38]
THNK Tehnika Zagreb Construction of residential and non-residential buildings Added September 2014,[14] and removed March 2015[17]
TPNG Tankerska Next Generation Zadar Sea and coastal freight water transport Added September 2015,[18] Free float changed October 2015,[39] Removed March 2017,[29] added March 2020, removed in March 2021, added September 2021 and removed December 2022 after takeover by Tankerska plovidba d.d[8][23][26][40]
TUHO Turisthotel Zadar Hotels and similar accommodation Added March 2015[17] and removed September 2015[18]
ULPL Alpha Adriatic (former ULJANIK PLOVIDBA) Pula Sea and coastal freight water transport Removed March 2015,[17] added September 2016,[33] removed September 2018,[32] added and removed March 2019,[41][15][19][10][9] and removed September 2024[16]
VART Varteks Varaždin Manufacture of other outerwear Added September 2014,[14] and removed March 2015,[17] added March 2016[35] and removed March 2017[29]
VDKT Viadukt Zagreb Construction of roads and motorways Removed March 2015,[17] added March 2017,[29] removed from index June 9, 2017, delisted November 2017[42]
VERN Genera Rakov Potok Manufacture of pharmaceutical preparations Added September 2015[18] and free float changed October 2015[39] and delisted January 16, 2016[43]
VIRO Viro Tvornica Šećera Zagreb Manufacture of sugar Added March 2014,[30] removed September 2014,[14] added March 2020 and removed September 2020.[8][7]
VPIK Vupik Vukovar Growing of cereals (except rice), leguminous crops and oil seeds Removed March 2015,[17] added March 2017,[29] removed March 2018[22]
ZB Zagrebačka burza Zagreb Administration of financial markets Added March 2017 [29]

See also

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References

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  1. ^ a b c "CROBEX". Zagrebačka burza (in Croatian). 17 March 2023. Retrieved 28 March 2023.
  2. ^ "CROBEX". Zagreb Stock Exchange (in Croatian). Retrieved 18 August 2018.
  3. ^ a b c "Indeksi: CROBEX". Zagreb Stock Exchange. 21 March 2011. Archived from the original on 31 December 2011. Retrieved 8 December 2008.
  4. ^ "Crobex postigao trogodišnji rekord | Blog @ Presscut - clipping & media monitoring". Archived from the original on 16 January 2017. Retrieved 13 January 2017.
  5. ^ "Expat Croatia CROBEX UCITS ETF ETF | BGCROEX03189". www.boerse-frankfurt.de. Retrieved 24 March 2024.
  6. ^ "Expat Croatia CROBEX UCITS ETF". expat.bg. Retrieved 24 March 2024.
  7. ^ a b c d e f g h "Revision of ZSE equity indices - 09/08/2020". zse.hr. Zagreb Stock Exchange. 8 September 2020.
  8. ^ 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.
  9. ^ a b c d e f g "News: Revision of equity indices 09/06/2023". Zagreb Stock Exchange. 6 September 2023.
  10. ^ a b c d e "Revision of equity indices 09/08/2022". zse.hr. Zagreb Stock Exchange. 8 September 2022. Retrieved 18 March 2024.
  11. ^ a b c Added March 18, 2024
  12. ^ a b c d e "News: Revision of equity indices 03/07/2024". Zagreb Stock Exchange. 7 March 2024.
  13. ^ a b c d e "Revision of equity indices 03/07/2023". zse.hr. Zagreb Stock Exchange. 7 March 2023.
  14. ^ a b c d e f g h i "Revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. 10 September 2014. Retrieved 7 May 2024.
  15. ^ 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.
  16. ^ a b c "REGULAR REVISION of ZSE EQUITY INDICES - 09/11/2024" (PDF). ZSE. Retrieved 14 October 2024.
  17. ^ a b c d e f g h i j k l m n o p "Revision of CROBEX and CROBEXtr indices - 03/06/2015". zse.hr. Retrieved 6 May 2024. Include: Turisthotel d.d., Luka Ploče d.d., HUP - Zagreb d.d., Plava laguna d.d., Liburnia Riviera Hoteli d.d., Imperial d.d., Hoteli Maestral d.d., Ingra d.d and Exclude: Viadukt d.d., Varteks d.d.,Petrokemija d.d.,RIZ-odašiljači d.d.,Vupik d.d.,Tehnika d.d.,Luka Rijeka d.d.,Jadroplov d.d., Uljanik Plovidba d.d
  18. ^ a b c d e f g h i j k l m n "Revision of CROBEX and CROBEXtr indices - 09/04/2015". zse.hr. ZSE. 4 September 2015. Retrieved 6 May 2024. Include: Luka Rijeka d.d. (trading code: LKRI-R-A), Maistra d. d. (trading code: MAIS-R-A), OT-OPTIMA TELEKOM d.d. (trading code: MAIS-R-A), Petrokemija d.d. (trading code: PTKM-R-A), RIZ-odašiljači d.d. (trading code: RIZO-R-A), TANKERSKA NEXT GENERATION d.d. (trading code: TPNG-R-A), Genera d.d. (trading code:VERN-R-A); Exclude: Imperial d.d. (trading code: HIMR-R-A), Hoteli Maestral d.d. (trading code: HMST-R-A), HUP - Zagreb d.d. (trading code: HUPZ-R-A), Ledo d.d. (trading code: LEDO-R-A), Liburnia Riviera Hoteli d.d. (trading code: LRH-R-A), Plava laguna d.d. (trading code: PLAG-R-A), Turisthotel d.d. (trading code: TUHO-R-A)
  19. ^ a b c d e f Added March 9, 2022
  20. ^ "Extraordinary revision of CROBEX, CROBEXtr, CROBEX10, CROBEXplus and CROBEXturist indices". zse.hr. ZSE. 19 January 2015. Retrieved 6 May 2024.
  21. ^ a b c "News: Revision of equity indices 03/09/2022". Zagreb Stock Exchange. 24 March 2024.
  22. ^ a b c d e f "Revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. 7 March 2018. Retrieved 3 May 2024.
  23. ^ a b c "Revision of equity indices - 03/09/2021". zse.hr. Zagreb Stock Exchange.
  24. ^ a b c d "Revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. 8 September 2017. Retrieved 3 May 2024.
  25. ^ a b "Extraordinary revision of CROBEX, CROBEXtr and CROBEX10 indices". zse.hr. ZSE. Retrieved 5 May 2024.
  26. ^ a b c d "Revision of equity indices". Zagreb Stock Exchange. Retrieved 24 March 2024.
  27. ^ "Extraordinary revision of CROBEX and CROBEXtr indices - 07/12/2022". zse.hr. 12 July 2022. Retrieved 21 March 2024.
  28. ^ "EXTRAORDINARY REVISION of CROBEX © AND CROBEXtr© EQUITY INDICES" (PDF). 12 July 2022. Retrieved 21 March 2024.
  29. ^ a b c d e f g h i "Revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. Retrieved 5 May 2024.
  30. ^ a b c "Revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. 7 March 2024.
  31. ^ "Correction of CROBEX and CROBEXtr indices". zse.hr. ZSE. 24 March 2024.
  32. ^ a b c d "Revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. 6 September 2018. Retrieved 3 May 2024.
  33. ^ a b c d e "Revision of CROBEX and CROBEXtr indices - 09/08/2016". zse.hr. ZSE. Retrieved 6 May 2024. Imperial d.d. (trading code: HIMR-R-A), Luka Ploče d.d. (trading code: LKPC-R-A), Sunčani Hvar d.d. (trading code: SUNH-R-A), Uljanik Plovidba d.d. (tradin code: ULPL-R-A) ; Exclude: Ina d.d. (trading code: INA-R-A), Maistra d.d. (trading code: MAIS-R-A)
  34. ^ "Revision of CROBEX, CROBEXtr, CROBEX10, CROBEXprime and ADRIAprime indices - 09/10/2019". zse.hr. 10 September 2019. Retrieved 28 March 2024.
  35. ^ a b c d e "Revision of CROBEX and CROBEXtr indices - 03/03/2016". zse.hr. ZSE. 3 March 2016. Retrieved 6 May 2024. "Include: RIZ-odašiljači d.d. (trading code: RIZO-R-A), Luka Ploče d.d. (trading code: LKPC-R-A), Petrokemija d.d. (trading code: PTKM-R-A); Exclude: Ledo d.d. (trading code: LEDO-R-A), Varteks d. d. (trading code: VART-R-1)
  36. ^ "Extraordinary revision of CROBEX, CROBEXtr and CROBEXplus indices - 4/8/2022". zse.hr. 8 April 2022. Retrieved 24 March 2024.
  37. ^ "Extraordinary revision of CROBEX and CROBEXtr indices - 03/01/2022". Zagreb Stock Exchange. Retrieved 24 March 2024.
  38. ^ "Extraordinary CROBEX and CROBEXtr revision". zse.hr. Retrieved 6 May 2024.
  39. ^ a b "Extraordinary revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. Retrieved 6 May 2024.
  40. ^ "Extraordinary revision of CROBEX, CROBEXtr, CROBEXplus and CROBEXtransport indices". zse.hr. Zagreb Sotck Exchange. 7 December 2022. Retrieved 18 March 2024.
  41. ^ "Revision of CROBEX and CROBEXtr indices - 03/11/2019". zse.hr. Zebreg Stock Exchange. 11 March 2019. Retrieved 28 March 2024.
  42. ^ "Extraordinary revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. Retrieved 5 May 2024.
  43. ^ "Extraordinary revision of CROBEX, CROBEXtr, CROBEXplus i CROBEXindustrija indices". zse.hr. ZSE. Retrieved 6 May 2024.
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