The Nasdaq 100 fell 4.77%, closing at 11,068.257 points.

U.S. technology shares yesterday witnessed a continuation of the negative sentiment which has been present on the US market for a couple of days. The Nasdaq 100 fell 4.77% and is down almost 10% in three days of selling after witnessing a surge since March. Despite the decreases seen in the past days, the index is still up as much as 26.7% YTD. Meanwhile, S&P 500 ended the trading day with a decrease of 2.83%.

Meanwhile, all FAANG stocks also ended the trading day in read, with Apple leading the losers (-6.7%).

Tesla shares plunged yesterday after the company missed out on being included in the S&P 500 Index, which came as a surprise to many investors. As a result of such news Tesla shares fell as much as 20%, which is the biggest one-day loss since early February. The declines were worsened as General Motors (GM) announced a USD 2bn partnership with Nikola, for which GM received an 11% ownership in the company. Nikola is an electric truck company which has also been in the spotlight this year, as it became public through a reverse merger. The news led to Nikola increasing by 41% while GM rose 8%.

As a result of the increased volatility on the equity market, VIX is still above 30, ending the day with an increase of 2.31% (at 32.52).

The indices will be revised as of 21 September 2020 (Monday), while following the revision CROBEX will have 19 constituents.

The Index Committee of the Zagreb Stock Exchange yesterday published their revision of CROBEX and CROBEXtr (total return) and CROBEX10, which was based on trading data from the period since 1 March 2020 until 31 August 2020.

CROBEX & CROBEXtr

The companies which did not meet the requirements and will therefore be excluded from CROBEX and CROBEXtr are:

• Auto Hrvatska
• PBZ
• Maistra
• PBZ
• Viro

On the other hand, the companies which met the requirements of the Index Committee and will therefore be included in CROBEX and CROBEXtr are:

• Arena Hospitality Group
• Končar
• Ingra

Following the revision of the index, CROBEX will have 19 constituents.

---

CROBEX 10 & CROBEX10tr

The companies which did not meet the requirements and will therefore be excluded:

• Atlantska Plovidba
• Kraš

On the other hand, the companies which met the requirements of the Index Committee and will therefore be included:

• Arena Hospitality Group
• Končar

The indices will be revised as of 21 September 2020 (Monday).