In the yesterday’s trading session, CROBEX slid below 1,600 points and once again ended the day in red, with a decrease of 4.45%. Due to regular revision, Arena Hospitality Group and Končar shares will be excluded from the composition of both CROBEX and CROBEXtr indices that is valid from 23 March. Kraš and Atlantska Plovidba shares will be added to the calculation of the CROBEX10.
In the yesterday’s trading session, CROBEX slid below 1,600 points and once again ended the day in red, with a decrease of 4.45%. It ended the day at 1,591.42 points. Of the current constitutes, 14 recorded a share price decrease, while 1 observed an increase. Arena Hospitality Group observed the highest decrease of 12.08%, closing the day at HRK 262 per share. Such a price puts the share at a P/E of 9.2 and EV/EBITDA of 7.8. Of the index heavy weights, HT recorded a decrease of 3%, while Podravka recorded a decrease of 3%. Valamar Riviera was the share with the highest turnover in the day (EUR 1.1m), while its share price decreased 7.7% to HRK 24 per share. Hospitality companies are hit the hardest by the sell-off due to current Corona virus threat, while Valamar Riviera has already announced dividend that at current share price amounts to 5%. Valamar Riviera has also announced, on Monday in its convocations to General Assembly, that it is requesting rights for Management Board to increase share capital for up to EUR 111 m in the next five years. It is also worth noting that ZSE once again observed a very high turnover of HRK 39.6m (EUR 5.2m).
At the meeting held yesterday, the Index Committee has concluded a regular revision of the Zagreb Stock Exchange indices with changes applied to the following indices:
CROBEX and CROBEXtr
Arena Hospitality Group (ARNT) and Končar (KOEI) shares will be excluded from the composition of both CROBEX and CROBEXtr indices and following shares will be incorporated in the structure of both CROBEX and CROBEXtr indices:
- Auto Hrvatska (AUHR)
- HPB (HPB)
- Institut IGH (IGH)
- KRAŠ (KRAS)
- PBZ (PBZ)
- Saponia (SAPN)
- Tankerska Next Generation (TPNG)
- VIRO (VIRO)
After the revision of the index, CROBEX will have 21 constituents.
The table below you can find the new index weights.
| wdt_ID | Company | Weight (%) |
|---|---|---|
| 1 | ADPL | 5,36 |
| 2 | ADRS2 | 9,47 |
| 3 | ATGR | 10,00 |
| 4 | ATPL | 3,02 |
| 5 | AUHR | 3,41 |
| 6 | DDJH | 0,17 |
| 7 | DLKV | 0,50 |
| 8 | ERNT | 9,95 |
| 9 | HPB | 3,87 |
| 10 | HT | 10,76 |
CROBEX 10
Kraš shares (KRAS) and Atlantska Plovidba shares (ATPL) will be added to the calculation of the CROBEX10.
Meanwhile, CROBEXprime and ADRIAprime were left unaltered. The revision is based on the trading data from 1st September 2019 to 29th February 2020. The calculation of indices with a new composition will start as of March 23rd 2020.
