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Sep 17, 2007 14:54 EEST
ZAGREB (Croatia), September 17 (SeeNews) – Croatia’s Zagreb Stock Exchange said on Monday it will add to its Crobex index the ordinary shares of insurer Croatia Osiguranje, commercial bank Zagrebacka Banka, construction companies Hidroelektra Niskogradnja and Ingra, and clothing and toys retailer Magma.
The bourse will drop from the index another five companies, keeping the number of Crobex constituents at 30.
“The change in the composition of the Crobex will take place after the end of the trading session on September 21, 2007,” the bourse said in a statement following a regular semi-annual revision of the index.
The companies that will be dropped from the Crobex are food producer Belje and holding company Djuro Djakovic Holding which failed to meet the free float requirements, as well as Karlovacka Banka, Podravska Banka and port operator Luka Ploce that did not cover the minimum turnover requirements.
Croatia Osiguranje and Zagrebacka Banka have issued preferred shares, as well, but they are not part of the Crobex.
The Crobex has gained 44.8% since the beginning of the year. It is weighted by free float adjusted market capitalisation. The weight of any individual issuer in it is limited to 20% of the index capitalisation.
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