We are extremely proud to announce that InterCapital has been awarded the Member of the Year award by the Zagreb Stock Exchange and Ljubljana Stock Exchange in 2023, for the 12th and 5th consecutive year, respectively.
Zagreb Stock Exchange
In Croatia, the award resulted from our combined market share of 27% of equity and ETF trading. Furthermore, the award also came due to our continuous research activities, and the contribution of our market-making mandates.
2023 recorded the listing of 2 new ETFs on ZSE. Firstly, 7BET, which tracks the movements of the total return version of the main Romanian index BET-TR. Due to the popularity and growth of the Romanian blue chips, the 7BET ETF has managed to achieve a return of over 26% since its listing in June! Secondly, the listing of 7CASH took place, an ETF that tracks the Euro Money Market and provides attractive returns of 3.65% per annum.
Besides these two ETFs, InterCapital also acts as a market maker for 7CRO and 7SLO, ETFs tracking the movements of Croatian (CROBEX10tr) and Slovenian (SBITOPtr) indices. Furthermore, InterCapital acts as a market maker for 9 Croatian issuers: AD Plastik, Adris Grupa (both regular and preferred stocks), Arena Hospitality Group, Hrvatski Telekom, Končar, Podravka, Valamar Riviera, and Span. The overall aim of the market-making services is to improve liquidity as well as to lower the spread, with the goal of improving trading activities for both retail and institutional investors.
At the same time, this achievement comes on the back of our ongoing investment into a fully independent research team and a securities promotion platform, together with the aim of providing our clients with an in-depth, comprehensive, and forward-looking analysis of the best quality investment opportunities in the region. Currently, our research team covers 15 Croatian issuers: AD Plastik, Adris Grupa, Atlantic Grupa, Arena Hospitality Group, Atlantska Plovidba, Ericsson NT, Hrvatski Telekom, Končar, Podravka, Valamar Riviera, Span, Zagrebačka banka, HPB, Maistra, Croatia osiguranje.
We would like to wholeheartedly thank the Zagreb Stock Exchange for the honor of being the Member of the Year for every consecutive year since the inception of the Award in 2012. We strongly believe that this award indicates the validity of our strategy, that is, to constantly promote the Croatian capital market, through the dedication of all of our employees.
Ljubljana Stock Exchange
In Slovenia, the award came as a result of our 28% equity market share, which was further supported by our continued research activities and the contribution of the market-making mandates.
In 2019, InterCapital became the inaugural provider of market-making services in Slovenia for the first time since 2008. From that point, we have expanded our coverage of Slovenian blue chips, and at the moment, we provide market-making services to the majority of Slovenian blue chips, including Krka, Petrol, NLB, Triglav, Sava Re, and Cinkarna Celje. Furthermore, InterCapital provides market-making services to the ICCRO (CROBEX10tr) and ICSLO (SBITOPtr) ETFs.
Besides market-making, the award also came as a result of our continuous investments into a fully independent research team, focused on regional equity, a securities promotion platform, with a goal of providing our clients with the highest quality research. At the moment, our research team covers all the Slovenian blue chips. We would like to once again express our gratitude for receiving the Ljubljana Stock Exchange Member of the Year award for 2023.
For both Slovenia and Croatia, 2023 has been a year of challenges but also hope. Furthermore, we would like to note that these awards could not have been achieved without our clients and partners, combined with the trust that they put into our services, our level of professionalism, and our drive to continually improve the regional capital markets. As such, we are tremendously proud to be recognized as the leading broker in Croatia and Slovenia. There are many challenges ahead, but in each challenge lies an opportunity – an opportunity for continued growth and development.