CROBEX
Foundation1 September 1997
OperatorZagreb Stock Exchange
ExchangesZagreb Stock Exchange
Constituents22
Cap levelLarge cap
RelatedCROBEX10, CROBIS
Homepagewww.zse.hr/crobex

CROBEX is the official share index of the Zagreb Stock Exchange. As of March 2023, it includes stocks of 15 companies and is calculated continuously using the latest stock prices.[1][2] It is measured using free float market capitalization, where the weight of each individual stock is limited to 10 percent.[3]

History

It began to be published on 1 September 1997, and the base date is 1 July 1997, when its base value was 1,000 points.[3]

For a long time, the Pliva stock was one of the main constituents of the index, before the company was sold and de-listed.

In October 2007, its value was around 5,400 points, an all-time high. By March 2009, the index dropped to 1,300 points. In the first half of 2011, it hovered around 2,200 points, falling to below 1,800 by the end of the year. In October 2016, the index broke 2,000 points, the highest level since March 2013.[4]

In April 2018, an exchange traded fund started tracking the index - Expat Croatia CROBEX UCITS ETF - listed in Frankfurt on Xetra (ticker ECDC, ISIN BGCROEX03189) and traded in euro, providing a convenient way for exposure to international investors.[5][6]

Inclusion criteria

Stocks have to be traded in more than 75% of the total number of trade days in the selected time period in order to be included into CROBEX. The stock ranking is determined by weighing the stock's free float market capitalization as a proportion of the total, and its traffic as a proportion of the total share traffic in the six-month time period observed.[1]

The index is revised every third Friday of March and September. The Index Commission can revise the index if the following extraordinary events happen:

  • bankruptcy or liquidation of a company, increase or decrease in the base capital of a company, takeover, merger.
  • removal of a stock listing
  • long-term suspension of trade of a stock

There are also other circumstances related to the issuer or the stock that can affect the quality of the CROBEX index that can cause the commission to revise the index.

A special revision can happen to include a new stock in the index in case the stock, in the first 30 days since its listing date, is traded in 100% of the total number of trade days, taking into account its free float market capitalization and share of traffic.[3]

Composition

The index consists of the following 22 companies, as of the last revision on March 13, 2026[7]

TickerCompanyHeadquartersNACE
ADPLAD PlastikSolinProduction of other parts and accessories for motor vehicles
ADRS2Adris GroupRovinjManagement activities
ATGRAtlantic GroupZagrebNon-specialized wholesale trade
DLKVDalekovodZagrebConstruction of utility projects for electricity and telecommunications[a]
ERNTEricsson Nikola TeslaZagrebProduction of communication equipment
HPBHPBZagrebFinancial and Insurance Activities[b]
HEFAHelios FarosStari GradHotels and similar accommodation[c]
HTHTZagrebActivities of wired telecommunications
IGIng-GradZagrebConstruction of residential and non-residential buildings
INGRIngraZagrebEngineering and related technical consulting[d]
JDPLJadroplovSplitMaritime and coastal transport of goods[e]
KODTKončar - Distributivni i specijalni transformatoriZagrebProduction of electric motors, generators and transformers[8][9]
KOEIKončarZagrebProduction of electric motors, generators and transformers[10][11][12]
LKRILuka RijekaRijekaCargo handling[f]
MAISMaistraRovinjHotels and similar accommodation[g]
PODRPodravkaKoprivnicaOther processing and preservation of fruits and vegetables
RIVPValamar RivieraPorečHotels and similar accommodation[13]
SPANSpanZagrebComputer programming[14][15]
TOKTOKIĆSesveteNon-specialized wholesale trade[h]
VLENViktor Lenac ShipyardRijekaConstruction of ships and floating structures[16][17][18]
ZABAZagrebačka bankaZagrebOther monetary intermediation[19]
ZITOŽITOOsijekMixed farming[7]
  1. ^ Dalekovod (DLKV) removed September 2022 and added March 2024.[37][8][9]
  2. ^ Hrvatska poštanska banka (HPB) added March 2020, removed September 2020, added March 2023.[11][12][35][22]
  3. ^ Helios Faros (HEFA) added March 2026[20]
  4. ^ Ingra (INGR) remoevd September 2014, added March 2019, removed September 2020. added March 2023, removed September 2023 and added April 2025.[10][17][12][35][22][47]
  5. ^ Jadroplov (JDPL) added September 2014, removed March 2015, removed March 2018, added March 2022, removed March 2024 and added March 2026.[10][27][16][14][9]
  6. ^ Luka Rijeka (LKRI) removed March 2015, added September 2015,removed March 2017, added March 2018, removed September 2018, added March 2026.[27][28][29][16][32][20]
  7. ^ Maistra (MAIS) added March 2015, removed September 2016, added March 2017, removed September 2017, added March 2018, removed September 2020, added March 2024, removed September 2024 and added March 2026[28][33][29][19][16][12][8][9][38][20]
  8. ^ TOK - met criteria for the fast index entry in March 2026.[20]

Former components

The following stock shares were previously included in the index:

TickerCompanyHeadquartersNACEComments
ARNTArena Hospitality GroupPulaHotels and similar accommodation[12][11], removed 1Q 2026[20]
ATPLAtlantska plovidbaDubrovnikMaritime and coastal transport of goods
AUHRAUTO HRVATSKAZagrebSale of cars and light motor vehiclesAdded March 2020 and removed September 2020.[11][12]
BLJEBELJE d.d. DardDardaGrowing of cereals (except rice), leguminous crops and oil seedsRemoved May 8, 2017[21]
CKMLČakovečki mlinoviČakovecProduction of mill productsAdded September 2023,[22] removed March 25, 2025[23]
DDJHĐURO ĐAKOVIĆ GRUPASlavonski BrodActivities of head officesRemoved September 21, 2021, added March 9, 2022 and removed July 14, 2022, added September 2025 and removed March 2026[24][14][25][26][7][20]
HIMRImperial RivieraRabHotels and similar accommodationAdded March 2015,[27] removed September 2015[28] and added September 2016 and removed March 2017[29]
HMSTHoteli MaestralDubrovnikHotels and similar accommodationAdded March 2015[27] and removed September 2015[28]
HUPZHUP - ZagrebZagrebHotels and similar accommodationAdded March 2014,[30] Adjusted number of shares March 24, 2014[31] Removed September 2014,[10] added March 2015[27] and removed September 2015[28]
IGHINSTITUT IGHZagrebOther research and experimental development on natural sciences and engineeringAdded September 2017,[19] removed September 2018, added March 2020 and removed March 2022[32][11][15]
IKBAIstarska kreditna banka UmagUmagOther monetary intermediationRemoved September 2025[7]
INAInaZagrebManufacture of refined petroleum productsRemoved September 2016[33]
JDRNJADRANCrikvenicaHotels and similar accommodationAdded September 2018,[32] removed September 2019.[34]
KODT2Končar-DISTZagrebProduction of electric motors, generators and transformersAdded September 2023[22] and removed March 2024[9]
KRASKRAŠZagrebManufacture of cocoa, chocolate and sugar confectioneryRemoved March 2019, added March 2020 and removed March 2022[17][11][15]
KTJVKutjevoKutjevoCultivation of cereals (except rice), legumes and oilseedsAdded March 2023[35] and removed September 2023[22]
LEDOLedoZagrebManufacture of ice creamRemoved September 2015[28] and added March 2016,[36] Removed May 8, 2017[21]
LKPCLuka PločePločeCargo handlingAdded March 2014,[30] Removed September 2014,[10] added March 2015,[27] removed March 2016,[36] added September 2016[33] and removed March 2018,[16] added March 2022[14] and removed September 2022[37]
LRHLiburnia Riviera HoteliOpatijaHotels and similar accommodationAdded March 2015[27] and removed September 2015[28]
LRHCFTB TURIZAMZagrebHotels and similar accommodationAdded September 2022[37] and removed March 2023[35]
MONPMon PerinBaleHoliday and other short-stay accommodationAdded September 2024,[38] removed March 2025[23]
OPTEOT-OPTIMA TELEKOMZagrebWired telecommunications activitiesAdded September 2015[28] and shares delisted in April 2022[39]
PBZPrivredna banka ZagrebZagrebOther monetary intermediationAdded March 2020 and removed September 2020.[11][12]
PLAGPlava LagunaPorečHotels and similar accommodationAdded March 2015, removed September 2015, added March 2022, removed March 2023, added Sept 2023, removed March 2026[27][28][14][35][22][20]
PTKMPETROKEMIJAKutinaManufacture of fertilisers and nitrogen compoundsRemoved March 2015,[27] added September 2015,[28] removed March 2016,[36] added March 2017,[29] removed September 2017,[19] added September 2021 and removed after delisting on March 7, 2022[24][40]
RIZORIZ-odašiljačiZagrebManufacture of communication equipmentAdded September 2014,[10] removed March 2015,[27] added September 2015[28] and removed March 2016[36]
SAPNSaponiaOsijekManufacture of soap and detergents, cleaning and polishing preparationsAdded March 2020, removed March 2021, added September 2021 and removed September 2022[11][18][24][37]
SUNHSunčani HvarHvarHotels and similar accommodationAdded September 2016[33] and removed November 18, 2016[41]
THNKTehnikaZagrebConstruction of residential and non-residential buildingsAdded September 2014,[10] and removed March 2015[27]
TPNGTankerska Next GenerationZadarSea and coastal freight water transportAdded September 2015,[28] Free float changed October 2015,[42] Removed March 2017,[29] added March 2020, removed in March 2021, added September 2021 and removed December 2022 after takeover by Tankerska plovidba d.d[11][18][24][43]
TUHOTuristhotelZadarHotels and similar accommodationAdded March 2015[27] and removed September 2015[28]
ULPLAlpha Adriatic (former ULJANIK PLOVIDBA)PulaSea and coastal freight water transportRemoved March 2015,[27] added September 2016,[33] removed September 2018,[32] added and removed March 2019,[44][17][14][37][22] and removed September 2024[38]
VARTVarteksVaraždinManufacture of other outerwearAdded September 2014,[10] and removed March 2015,[27] added March 2016[36] and removed March 2017[29]
VDKTViaduktZagrebConstruction of roads and motorwaysRemoved March 2015,[27] added March 2017,[29] removed from index June 9, 2017, delisted November 2017[45]
VERNGeneraRakov PotokManufacture of pharmaceutical preparationsAdded September 2015[28] and free float changed October 2015[42] and delisted January 16, 2016[46]
VIROViro Tvornica ŠećeraZagrebManufacture of sugarAdded March 2014,[30] removed September 2014,[10] added March 2020 and removed September 2020.[11][12]
VPIKVupikVukovarGrowing of cereals (except rice), leguminous crops and oil seedsRemoved March 2015,[27] added March 2017,[29] removed March 2018[16]
ZBZagrebačka burzaZagrebAdministration of financial marketsAdded March 2017 [29]

See also

References

  1. ^ "CROBEX" (in Croatian). Zagrebačka burza. 17 March 2023. Retrieved 28 March 2023.
  2. ^ "CROBEX" (in Croatian). Zagreb Stock Exchange. Retrieved 18 August 2018.
  3. ^ "Indeksi: CROBEX". Zagreb Stock Exchange. 2011-03-21. Archived 31 December 2011 at the Wayback Machine. Retrieved 2008-12-08.
  4. ^ "Crobex postigao trogodišnji rekord | Blog @ Presscut - clipping & media monitoring". Archived from the original on 16 January 2017. Retrieved 13 January 2017.
  5. ^ "Expat Croatia CROBEX UCITS ETF ETF | BGCROEX03189". www.boerse-frankfurt.de. Retrieved 24 March 2024.
  6. ^ "Expat Croatia CROBEX UCITS ETF". expat.bg. Retrieved 24 March 2024.
  7. ^ "Revision of equity indices 9/12/2025". zse.hr. Zagreb Stock Exchange. 2025-09-12.
  8. ^ Added March 18, 2024
  9. ^ "News: Revision of equity indices 03/07/2024". Zagreb Stock Exchange. 2024-03-07.
  10. ^ "Revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. 2014-09-10. Retrieved 7 May 2024.
  11. ^ "Revision of equity indices - 03/11/2020". Zagreb Stock Exchange. 2020-03-11. Retrieved 28 March 2024.
  12. ^ "Revision of ZSE equity indices - 09/08/2020". zse.hr. Zagreb Stock Exchange. 2020-09-08.
  13. ^ "Extraordinary revision of CROBEX, CROBEXtr, CROBEX10, CROBEXplus and CROBEXturist indices". zse.hr. ZSE. 2015-01-19. Retrieved 6 May 2024.
  14. ^ Added March 9, 2022
  15. ^ "News: Revision of equity indices 03/09/2022". Zagreb Stock Exchange. 2024-03-24.
  16. ^ "Revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. 2018-03-07. Retrieved 3 May 2024.
  17. ^ "Revision of CROBEX and CROBEXtr indices - 2019-03-08". zse.hr. Zagreb Stock Exchange. 2019-03-08. Retrieved 28 March 2024.
  18. ^ "Revision of equity indices - 03/09/2021". zse.hr. Zagreb Stock Exchange.
  19. ^ "Revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. 2017-09-08. Retrieved 3 May 2024.
  20. ^ "Revision of equity indices 3/13/2026". zse.hr. Zagreb Stock Exchange. 2026-03-13.
  21. ^ "Extraordinary revision of CROBEX, CROBEXtr and CROBEX10 indices". zse.hr. ZSE. Retrieved 5 May 2024.
  22. ^ "News: Revision of equity indices 09/06/2023". Zagreb Stock Exchange. 2023-09-06.
  23. ^ "Revision of equity indices 3/12/2025". zse.hr. Zagreb Stock Exchange. 2025-03-12.
  24. ^ "Revision of equity indices". Zagreb Stock Exchange. Retrieved 24 March 2024.
  25. ^ "Extraordinary revision of CROBEX and CROBEXtr indices - 07/12/2022". zse.hr. 2022-07-12. Retrieved 21 March 2024.
  26. ^ "EXTRAORDINARY REVISION of CROBEX © AND CROBEXtr© EQUITY INDICES". July 12, 2022. Retrieved 21 March 2024.
  27. ^ "Revision of CROBEX and CROBEXtr indices - 03/06/2015". zse.hr. Retrieved 6 May 2024. Include: Turisthotel d.d., Luka Ploče d.d., HUP - Zagreb d.d., Plava laguna d.d., Liburnia Riviera Hoteli d.d., Imperial d.d., Hoteli Maestral d.d., Ingra d.d and Exclude: Viadukt d.d., Varteks d.d.,Petrokemija d.d.,RIZ-odašiljači d.d.,Vupik d.d.,Tehnika d.d.,Luka Rijeka d.d.,Jadroplov d.d., Uljanik Plovidba d.d
  28. ^ "Revision of CROBEX and CROBEXtr indices - 09/04/2015". zse.hr. ZSE. 2015-09-04. Retrieved 6 May 2024. Include: Luka Rijeka d.d. (trading code: LKRI-R-A), Maistra d. d. (trading code: MAIS-R-A), OT-OPTIMA TELEKOM d.d. (trading code: MAIS-R-A), Petrokemija d.d. (trading code: PTKM-R-A), RIZ-odašiljači d.d. (trading code: RIZO-R-A), TANKERSKA NEXT GENERATION d.d. (trading code: TPNG-R-A), Genera d.d. (trading code:VERN-R-A); Exclude: Imperial d.d. (trading code: HIMR-R-A), Hoteli Maestral d.d. (trading code: HMST-R-A), HUP - Zagreb d.d. (trading code: HUPZ-R-A), Ledo d.d. (trading code: LEDO-R-A), Liburnia Riviera Hoteli d.d. (trading code: LRH-R-A), Plava laguna d.d. (trading code: PLAG-R-A), Turisthotel d.d. (trading code: TUHO-R-A)
  29. ^ "Revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. Retrieved 5 May 2024.
  30. ^ "Revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. 2024-03-07.
  31. ^ "Correction of CROBEX and CROBEXtr indices". zse.hr. ZSE. 2024-03-24.
  32. ^ "Revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. 2018-09-06. Retrieved 3 May 2024.
  33. ^ "Revision of CROBEX and CROBEXtr indices - 09/08/2016". zse.hr. ZSE. Retrieved 6 May 2024. Imperial d.d. (trading code: HIMR-R-A), Luka Ploče d.d. (trading code: LKPC-R-A), Sunčani Hvar d.d. (trading code: SUNH-R-A), Uljanik Plovidba d.d. (tradin code: ULPL-R-A) ; Exclude: Ina d.d. (trading code: INA-R-A), Maistra d.d. (trading code: MAIS-R-A)
  34. ^ "Revision of CROBEX, CROBEXtr, CROBEX10, CROBEXprime and ADRIAprime indices - 09/10/2019". zse.hr. 2019-09-10. Retrieved 28 March 2024.
  35. ^ "Revision of equity indices 03/07/2023". zse.hr. Zagreb Stock Exchange. 2023-03-07.
  36. ^ "Revision of CROBEX and CROBEXtr indices - 03/03/2016". zse.hr. ZSE. 2016-03-03. Retrieved 6 May 2024. "Include: RIZ-odašiljači d.d. (trading code: RIZO-R-A), Luka Ploče d.d. (trading code: LKPC-R-A), Petrokemija d.d. (trading code: PTKM-R-A); Exclude: Ledo d.d. (trading code: LEDO-R-A), Varteks d. d. (trading code: VART-R-1)
  37. ^ "Revision of equity indices 09/08/2022". zse.hr. Zagreb Stock Exchange. 2022-09-08. Retrieved 18 March 2024.
  38. ^ "REGULAR REVISION of ZSE EQUITY INDICES - 9/11/2024". ZSE. Retrieved 14 October 2024.
  39. ^ "Extraordinary revision of CROBEX, CROBEXtr and CROBEXplus indices - 4/8/2022". zse.hr. 2022-04-08. Retrieved 24 March 2024.
  40. ^ "Extraordinary revision of CROBEX and CROBEXtr indices - 03/01/2022". Zagreb Stock Exchange. Retrieved 24 March 2024.
  41. ^ "Extraordinary CROBEX and CROBEXtr revision". zse.hr. Retrieved 6 May 2024.
  42. ^ "Extraordinary revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. Retrieved 6 May 2024.
  43. ^ "Extraordinary revision of CROBEX, CROBEXtr, CROBEXplus and CROBEXtransport indices". zse.hr. Zagreb Sotck Exchange. 2022-12-07. Retrieved 18 March 2024.
  44. ^ "Revision of CROBEX and CROBEXtr indices - 03/11/2019". zse.hr. Zebreg Stock Exchange. 2019-03-11. Retrieved 28 March 2024.
  45. ^ "Extraordinary revision of CROBEX and CROBEXtr indices". zse.hr. ZSE. Retrieved 5 May 2024.
  46. ^ "Extraordinary revision of CROBEX, CROBEXtr, CROBEXplus i CROBEXindustrija indices". zse.hr. ZSE. Retrieved 6 May 2024.
  47. ^ "Regular quarterly review of ZSE equity indices". zse.hr. 12 June 2025. Retrieved 20 July 2025.