The last time that the index recorded this level was at the end of March 2017.

Yesterday, the main index of Zagreb Stock Exchange (CROBEX), breached 2,000 points, ending the trading day at 2,000.79. It is worth noting that the last time that the index recorded this level was at the end of March 2017.

On a YTD basis the index observed a strong increase of 14.4%, which could mostly be attributed to the YTD double digit growth of Podravka (+28.3%), Končar (+26.2%), Adris pref. (+20.4%), Ericsson Nikola Tesla (+16.3%) and Atlantic Group (+15.5%). These companies cumulatively account for roughly 50% of the index weight.

The top performing stock of the index is Optima Telekom, whose share price increased 287.6% since the begining of the year, mostly due to takeover speculation. To read more about it, click here.

On the flip side, only 2 out of 15 consitutents have observed a YTD share price decrease: Dalekovod (-38.1%) and Đuro Đaković (-48.3%).

It is also worth noting that so far this year, the index has ended in green 55% of the time, of which the highest increase of 2.1% in a single day occured this week on Monday.