CROBEX
CROBEX is the official share index of the Zagreb Stock Exchange. 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, 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 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 5400 points, an all-time high. By March 2009, the index dropped to 1300 points. In the first half of 2011, it hovered around 2200 points, falling to below 1800 by the end of the year.
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:
