CROBEX is the official share index of the Zagreb Stock Exchange

Zagreb Stock Exchange

The Zagreb Stock Exchange or ZSE is a stock exchange located in Zagreb, Croatia. It is Croatia's only stock exchange. The exchange trades shares of Croatian companies, as well as bonds and commercial bills....

. As of March 2011, it includes stocks of 25 companies and is calculated continuously using the latest stock prices. It is measured using free float market capitalization

Market capitalization

Market capitalization is a measurement of the value of the ownership interest that shareholders hold in a business enterprise. It is equal to the share price times the number of shares outstanding of a publicly traded company...

, where the weight of each individual stock is limited to 15 percent.

History

It began to be published on September 1, 1997, and the base date is July 1, 1997, when its base value was 1000 points.

For a long time, the Pliva

Pliva

Pliva d.d. is a Croatian pharmaceutical company, based in Zagreb, Croatia. One of the world's largest producers of generic Adderall, it has seen drastic increases in revenue with an increasing number of patients being diagnosed with Attention Deficit Disorder . It is the largest pharmaceutical...

 stock was one of the main constituents of the index, before the company was sold and de-listed.

In April, 2007, its value was around 4500 points.
In February 2009 its value fell to 1400 points.

, its value has been around 2200 points.

Inclusion criteria

Stocks need to meet the following requirements in order to be included into CROBEX:

• they have to be traded in more than 90% of the total number of trade days in the selected time period

The stock ranking is determined by weighing the following two parameters:

• their free float market capitalization as a proportion of the total
• their traffic as a proportion of the total share traffic in the six-month time period observed

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.

Composition

The index consists of the following 25 companies as of the quarterly update effective 19 September 2011:

Company	Headquarters	ICB Industry Classification Benchmark The Industry Classification Benchmark is an industry classification taxonomy developed by Dow Jones and FTSE. It is used to segregate markets into sectors within the macroeconomy...  Sector	Ticker
AD Plastik	Solin Solin Solin is a town in Dalmatia, Croatia. It is situated northeast of Split, on the Adriatic Sea and the river Jadro.Solin developed on the location of ancient town of Salona which was the capital of the Roman province of Dalmatia and the birthplace of Emperor Diocletian...	Chemicals	ADPL
Adris Group Adris grupa Adris grupa is the largest tobacco company in Croatia and one of the largest in the Balkans. It is made up of two strategic business units: Tobacco and Tourism. The Tobacco unit companies involves: TDR d.o.o, Istragrafika d.d , Hrvatski duhani d.d...	Rovinj Rovinj Rovinj is a city in Croatia situated on the north Adriatic Sea with a population of 13,562 . It is located on the western coast of the Istrian peninsula and is a popular tourist resort and an active fishing port...	Tobacco	ADRS
Atlantic Group Atlantic Grupa Atlantic Grupa is a Croatian company, active in a number of industries. Its primary activities comprise production and distribution of food products, including sports nutrition products and dietary supplements. Additionally, Atlantic Grupa is also a manufacturer of personal hygiene products and...	Zagreb Zagreb Zagreb is the capital and the largest city of the Republic of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb lies at an elevation of approximately above sea level. According to the last official census, Zagreb's city...	Soft drinks	ATGR
Atlantska plovidba Atlantska Plovidba Atlantska plovidba d.d. or Atlantska plovidba is a Croatian shipping company. Founded in 1955 in Dubrovnik, the company works mostly in the dry bulk and heavy lift markets, serving both domestic and international clients-History:...	Dubrovnik Dubrovnik Dubrovnik is a Croatian city on the Adriatic Sea coast, positioned at the terminal end of the Isthmus of Dubrovnik. It is one of the most prominent tourist destinations on the Adriatic, a seaport and the centre of Dubrovnik-Neretva county. Its total population is 42,641...	Marine transportation	ATPL
Belje	Darda Darda Darda can refer to:* Darda, Croatia, a village and a municipality in eastern Croatia*Rajendra Darda, Indian politician*Vijay J. Darda, Indian politician*Darda , a car racing set made in Germany*Darda, a card game closely related to Klabberjass...	Food products	BLJE
Đuro Đaković	Slavonski Brod Slavonski Brod Slavonski Brod is a city in Croatia, with a population of 59,507 in 2011. The city was known as Marsonia in the Roman Empire, and as Brod na Savi 1244–1934. It is the sixth largest city in Croatia, after Zagreb, Split, Rijeka, Osijek and Zadar. Located in the region of Slavonia, it is the...		DDJH
Dalekovod Dalekovod Dalekovod is a Croatian company, active in electrical engineering and civil engineering sectors. Its primary activities comprise design, production and construction of electrical power structures, electrical substations, power transmission mains, telecommunications structures, road equipment,...	Zagreb Zagreb Zagreb is the capital and the largest city of the Republic of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb lies at an elevation of approximately above sea level. According to the last official census, Zagreb's city...		DLKV
Ericsson Nikola Tesla Ericsson Nikola Tesla Ericsson Nikola Tesla d.d. is the Croatian affiliate of the Swedish telecommunications equipment manufacturer Ericsson. The company is named after the inventor Nikola Tesla and is the largest specialized provider of modern telecommunications products, solutions and services in central and eastern...	Zagreb Zagreb Zagreb is the capital and the largest city of the Republic of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb lies at an elevation of approximately above sea level. According to the last official census, Zagreb's city...	Telecommunications equipment	ERNT
HT T-Hrvatski Telekom T-Hrvatski Telekom is the national telecommunications company in Croatia.Croatian Telecom was formerly the telephony branch of the state-owned monopoly Hrvatska pošta i telekomunikacije; HPT , which was split into two parts in 1999...	Zagreb Zagreb Zagreb is the capital and the largest city of the Republic of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb lies at an elevation of approximately above sea level. According to the last official census, Zagreb's city...	Telecommunications	HT
Institut IGH Institut IGH Institut IGH is a Croatian company active in civil engineering professional services and scientific research, including development of designs, studies, supervision, consulting, investigation works, assessments, laboratory testing and instrument calibration...	Zagreb Zagreb Zagreb is the capital and the largest city of the Republic of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb lies at an elevation of approximately above sea level. According to the last official census, Zagreb's city...	Heavy construction	IGH
INGRA Ingra (construction company) INGRA d.d. is a Croatian construction company. Founded in 1955, INGRA has carried out work in more than 30 countries on more than 100 power supply facilities such as hydroelectric power plants, dams and pumping stations, and more than 700 projects such as factories, hotels, tourist complexes,...	Zagreb Zagreb Zagreb is the capital and the largest city of the Republic of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb lies at an elevation of approximately above sea level. According to the last official census, Zagreb's city...	Heavy construction	INGR
Istraturist	Umag Umag Umag is a coastal city in Istria, Croatia.The city hosts the yearly Croatia Open ATP tennis tournament on clay courts.-Geography:It is the westernmost city of Croatia, and the municipality includes Savudrija which is westernmost point of Croatia....	Tourismm	IGH
Konzum Konzum Konzum is Croatia's largest supermarket chain with just over 600 stores open in Croatia and has more than 10,000 employees. Its headquarters are in Zagreb. Konzum stores can also be found in Bosnia and Herzegovina, and Serbia. Konzum receives over 500,000 customers each day . Konzum also operates a...	Zagreb Zagreb Zagreb is the capital and the largest city of the Republic of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb lies at an elevation of approximately above sea level. According to the last official census, Zagreb's city...	General retailers	KNZM
Končar	Zagreb Zagreb Zagreb is the capital and the largest city of the Republic of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb lies at an elevation of approximately above sea level. According to the last official census, Zagreb's city...	Industrial machinery	KOEI
Dom Holding	Zagreb Zagreb Zagreb is the capital and the largest city of the Republic of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb lies at an elevation of approximately above sea level. According to the last official census, Zagreb's city...		KORF
Kraš Kraš Kraš is a Croatian food company based in Zagreb, specializing in confectionery products.The company traces its origins from two factories from the early 20th century - "Union", founded in 1911, the oldest surviving chocolate manufacturer in southeastern Europe - and "Bizjak", founded in 1923, which...	Zagreb Zagreb Zagreb is the capital and the largest city of the Republic of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb lies at an elevation of approximately above sea level. According to the last official census, Zagreb's city...	Food products	KRAS
Luka Ploče Luka Ploče Luka Ploče is a Croatian port operating company which operates port facilities at the southern Croatian Port of Ploče. It is listed on the Zagreb Stock Exchange and is one of 25 companies included in the CROBEX share index....	Ploče Ploce Ploče is a town and a notable seaport in the Dubrovnik-Neretva County of Croatia.The total population of Ploče is 10,102 , in the following settlements:* Baćina, population 564* Banja, population 176* Komin, population 1,222...		LKPC
Luka Rijeka Luka Rijeka Luka Rijeka is a Croatian port operating company which operates port facilities at the largest Croatian Port of Rijeka. In 2010, Luka Rijeka d.d., a concessionaire of the Port of Rijeka reported net profit of 32,000 kuna , a sharp decline from 3.5 million kuna net profit of 2009...	Rijeka Rijeka Rijeka is the principal seaport and the third largest city in Croatia . It is located on Kvarner Bay, an inlet of the Adriatic Sea and has a population of 128,735 inhabitants...		LKRI
Podravka Podravka Podravka is a food company based in Koprivnica, Croatia. It produces the rather well-known product Vegeta, amongst thousands of other products in its diverse catalogue.Podravka brands:*Vegeta and Warzywko - original condiment...	Koprivnica Koprivnica Koprivnica is a city in northern Croatia. It is the capital of the Koprivnica-Križevci county. In 2011 the city administrative area had a total population of 30,872, with 23,896 in the city itself.-Population:...	Food products	PODR
Petrokemija Petrokemija Petrokemija is a Croatian chemical company which specializes in manufacturing agricultural fertilizers. It was founded in 1968 as a branch of the state-owned oil company INA. In the late 1990s it was privatised and in 1998 it was incorporated as an independent joint stock company and listed at the...	Kutina Kutina Kutina is a small city in central Croatia, the largest settlement in the hilly region of Moslavina, in the Sisak-Moslavina county. The town proper has a population of 14,814 , while the total municipality population is 22,815....	Specialty chemicals	PTKM
Riviera Adria	Zagreb Zagreb Zagreb is the capital and the largest city of the Republic of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb lies at an elevation of approximately above sea level. According to the last official census, Zagreb's city...		RIVP
Tehnika Tehnika Tehnika is a Croatian company, active in civil engineering and construction industry. Its primary activities include building construction, infrastructure and civil engineering works, architectural and engineering services, technical consulting, professional supervision services and real estate...	Zagreb Zagreb Zagreb is the capital and the largest city of the Republic of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb lies at an elevation of approximately above sea level. According to the last official census, Zagreb's city...		THNK
Uljanik plovidba Uljanik plovidba Uljanik plovidba is a Croatian ship management company. Founded in 1986 and based in Pula, the company owns and operates three bulk carriers and five tankers, which are all leased to contractors. The company also provides ship management services to fleets owned by other shipping companies.It is...	Pula Pula Pula is the largest city in Istria County, Croatia, situated at the southern tip of the Istria peninsula, with a population of 62,080 .Like the rest of the region, it is known for its mild climate, smooth sea, and unspoiled nature. The city has a long tradition of winemaking, fishing,...	Marine transportation	ULPL
Viro tvornica šećera	Virovitica Virovitica Virovitica is a Croatian town near the Croatian-Hungarian border. It is situated near the Drava river and belongs to the historic region of Slavonia. Virovitica has a population of 14,663, with 21,327 people in the municipality...		VIRO
Zagrebačka banka Zagrebacka banka Zagrebačka banka or ZABA is the largest bank in Croatia, owned by UniCredit group of Italy. It was the first Croatian bank to become fully privatised in 1989 and the first one to be listed at the Zagreb Stock Exchange in 1995...	Zagreb Zagreb Zagreb is the capital and the largest city of the Republic of Croatia. It is in the northwest of the country, along the Sava river, at the southern slopes of the Medvednica mountain. Zagreb lies at an elevation of approximately above sea level. According to the last official census, Zagreb's city...	Bank	ZABA

External links

• CROBEX at the Zagreb Stock Exchange web site
• CROBEX chart @ rast.hr
• CROBEX Intraday Chart
• CROBEX and other regional indices at FIMA Securities