Zagreb, Ljubljana Stock Exchanges launching first joint index

Zagreb, Ljubljana Stock Exchanges launching first joint index

Zagreb, Ljubljana Stock Exchanges launching first joint index Izvor: Pixabay (ilustracija)

As of June 19, 2019, the Zagreb and Ljubljana Stock Exchanges will launch a new joint equity index - ADRIAprime, they announced on Friday.

The ADRIAprime is a free float market capitalization weighted total return index and it will take into account dividends. The index will include shares listed in the Prime Markets of the Zagreb and Ljubljana Stock Exchanges, whose selection will depend on the decision of each stock market.

The initial composition of the ADRIAprime will include the Croatian companies AD Plastik, Arena Hospitality Group, Atlantic Grupa, Podravka and Valamar Riviera, and Slovenia's Telekom Slovenija, Zavarovalnica Triglav, Intereuropa, Krka, Luka Koper, Nova Ljubljanska Banka, Petrol, and Pozavarovalnica Sava.

The weight of each constituent share will be capped at 15%. The base level will be set at 1,000.00 points on April 30, 2019 and it will be calculated in euros.

The ADRIAprime index represents a further step in the continuous efforts of both exchanges to offer more data to investors in order to facilitate their investment decision-making and enable them to monitor market trends more comprehensively and easily, it was said.

ADRIAprime will be the first Zagreb and Ljubljana Stock Exchanges joint index and the 11th Zagreb Stock Exchange equity index: in 1997, the price index CROBOBEX was launched, it was followed by the CROBEX10 in September 2009, the CROBEXplus and five sectoral indices in February 2013, the CROBEXtr in February 2014 and the CROBEXprime in February 2019.

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