CROBEX

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

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

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

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

The index consists of the following 19 companies, as of the last revision on April 15, 2025^[7][8]

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[9][10]
ATGR	Atlantic Group	Zagreb	Non-specialized wholesale trade
ATPL	Atlantska plovidba	Dubrovnik	Maritime and coastal transport of goods
DLKV	Dalekovod	Zagreb	Construction of utility projects for electricity and telecommunications[11][12][13]
ERNT	Ericsson Nikola Tesla	Zagreb	Production of communication equipment
HPB	HPB	Zagreb	Financial and Insurance Activities[10][9][14][15]
HT	HT	Zagreb	Activities of wired telecommunications
IG	Ing-Grad	Zagreb	Construction of residential and non-residential buildings
IKBA	Istarska kreditna banka Umag [Wikidata]	Umag	Other monetary intermediation[7]
INGR	Ingra	Zagreb	Engineering and related technical consulting[16][17][9][14][15][8]
KODT	Končar - Distributivni i specijalni transformatori	Zagreb	Production of electric motors, generators and transformers[12][13]
KOEI	Končar	Zagreb	Production of electric motors, generators and transformers[16][10][9]
PLAG	Plava Laguna	Poreč	Hotels and similar accommodation[18][19][20][14][15]
PODR	Podravka	Koprivnica	Other processing and preservation of fruits and vegetables
RIVP	Valamar Riviera [Wikidata]	Poreč	Hotels and similar accommodation[21]
SPAN	Span [Wikidata]	Zagreb	Computer programming[20][22]
VLEN	Viktor Lenac Shipyard	Rijeka	Construction of ships and floating structures[23][17][24]
ZABA	Zagrebačka banka	Zagreb	Other monetary intermediation[25]

Former components

Ticker	Company	Headquarters	NACE	Comments
AUHR	AUTO HRVATSKA	Zagreb	Sale of cars and light motor vehicles	Added March 2020 and removed September 2020.[10][9]
BLJE	BELJE d.d. Dard	Darda	Growing of cereals (except rice), leguminous crops and oil seeds	Removed May 8, 2017[26]
DDJH	ĐURO ĐAKOVIĆ GRUPA	Slavonski Brod	Activities of head offices	Removed September 21, 2021, added March 9, 2022 and removed July 14, 2022.[27][20][28][29]
CKML	Čakovečki mlinovi	Čakovec	Production of mill products	Added September 2023,[15] removed March 25, 2025[7]
HIMR	Imperial Riviera	Rab	Hotels and similar accommodation	Added March 2015,[18] removed September 2015[19] and added September 2016 and removed March 2017[30]
HMST	Hoteli Maestral	Dubrovnik	Hotels and similar accommodation	Added March 2015[18] and removed September 2015[19]
HUPZ	HUP - Zagreb	Zagreb	Hotels and similar accommodation	Added March 2014,[31] Adjusted number of shares March 24, 2014[32] Removed September 2014,[16] added March 2015[18] and removed September 2015[19]
IGH	INSTITUT IGH	Zagreb	Other research and experimental development on natural sciences and engineering	Added September 2017,[25] removed September 2018, added March 2020 and removed March 2022[33][10][22]
INA	Ina	Zagreb	Manufacture of refined petroleum products	Removed September 2016[34]
JDPL	Jadroplov	Split	Maritime and coastal transport of goods	Added September 2014,[16] removed March 2015,[18] removed March 2018,[23] added March 2022[20] and removed March 2024[13]
JDRN	JADRAN	Crikvenica	Hotels and similar accommodation	Added September 2018,[33] removed September 2019.[35]
KODT2	Končar-DIST	Zagreb	Production of electric motors, generators and transformers	Added September 2023[15] and removed March 2024[13]
KRAS	KRAŠ	Zagreb	Manufacture of cocoa, chocolate and sugar confectionery	Removed March 2019, added March 2020 and removed March 2022[17][10][22]
KTJV	Kutjevo	Kutjevo	Cultivation of cereals (except rice), legumes and oilseeds	Added March 2023[14] and removed September 2023[15]
LEDO	Ledo	Zagreb	Manufacture of ice cream	Removed September 2015[19] and added March 2016,[36] Removed May 8, 2017[26]
LKPC	Luka Ploče	Ploče	Cargo handling	Added March 2014,[31] Removed September 2014,[16] added March 2015,[18] removed March 2016,[36] added September 2016[34] and removed March 2018,[23] added March 2022[20] and removed September 2022[11]
LKRI	Luka Rijeka	Rijeka	Cargo handling	Removed March 2015,[18] added September 2015,[19] removed March 2017,[30] added March 2018[23] and removed September 2018[33]
LRH	Liburnia Riviera Hoteli	Opatija	Hotels and similar accommodation	Added March 2015[18] and removed September 2015[19]
LRHC	FTB TURIZAM	Zagreb	Hotels and similar accommodation	Added September 2022[11] and removed March 2023[14]
MAIS	Maistra [Wikidata]	Rovinj	Hotels and similar accommodation	Added March 2015,[19] Removed September 2016,[34] Added March 2017,[30] Removed September 2017,[25] Added March 2018,[23] Removed September 2020,[9] added March 2024,[12][13] and removed September 2024[37]
MONP	Mon Perin [Wikidata]	Bale	Holiday and other short-stay accommodation	Added September 2024,[37] removed March 2025[7]
OPTE	OT-OPTIMA TELEKOM	Zagreb	Wired telecommunications activities	Added September 2015[19] and shares delisted in April 2022[38]
PBZ	Privredna banka Zagreb	Zagreb	Other monetary intermediation	Added March 2020 and removed September 2020.[10][9]
PTKM	PETROKEMIJA	Kutina	Manufacture of fertilisers and nitrogen compounds	Removed March 2015,[18] added September 2015,[19] removed March 2016,[36] added March 2017,[30] removed September 2017,[25] added September 2021 and removed after delisting on March 7, 2022[27][39]
RIZO	RIZ-odašiljači	Zagreb	Manufacture of communication equipment	Added September 2014,[16] removed March 2015,[18] added September 2015[19] and removed March 2016[36]
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[10][24][27][11]
SUNH	Sunčani Hvar	Hvar	Hotels and similar accommodation	Added September 2016[34] and removed November 18, 2016[40]
THNK	Tehnika	Zagreb	Construction of residential and non-residential buildings	Added September 2014,[16] and removed March 2015[18]
TPNG	Tankerska Next Generation	Zadar	Sea and coastal freight water transport	Added September 2015,[19] Free float changed October 2015,[41] Removed March 2017,[30] added March 2020, removed in March 2021, added September 2021 and removed December 2022 after takeover by Tankerska plovidba d.d[10][24][27][42]
TUHO	Turisthotel	Zadar	Hotels and similar accommodation	Added March 2015[18] and removed September 2015[19]
ULPL	Alpha Adriatic (former ULJANIK PLOVIDBA)	Pula	Sea and coastal freight water transport	Removed March 2015,[18] added September 2016,[34] removed September 2018,[33] added and removed March 2019,[43][17][20][11][15] and removed September 2024[37]
VART	Varteks	Varaždin	Manufacture of other outerwear	Added September 2014,[16] and removed March 2015,[18] added March 2016[36] and removed March 2017[30]
VDKT	Viadukt	Zagreb	Construction of roads and motorways	Removed March 2015,[18] added March 2017,[30] removed from index June 9, 2017, delisted November 2017[44]
VERN	Genera	Rakov Potok	Manufacture of pharmaceutical preparations	Added September 2015[19] and free float changed October 2015[41] and delisted January 16, 2016[45]
VIRO	Viro Tvornica Šećera	Zagreb	Manufacture of sugar	Added March 2014,[31] removed September 2014,[16] added March 2020 and removed September 2020.[10][9]
VPIK	Vupik	Vukovar	Growing of cereals (except rice), leguminous crops and oil seeds	Removed March 2015,[18] added March 2017,[30] removed March 2018[23]
ZB	Zagrebačka burza	Zagreb	Administration of financial markets	Added March 2017 [30]

See also

• CROBIS
• Zagreb Stock Exchange