March 10 (SeeNews) - The Zagreb Stock Exchange (ZSE) said it decided to add wine producer Kutjevo [ZSE:KTJV] to its main equity index, the CROBEX, and exclude four companies from it in a regular revision of the index.
The four dropouts are lender Hrvatska Postanska Banka (HPB) [ZSE:HPB], civil engineering company Ingra [ZSE:INGR] , and hotel operators FTB Turizam [ZSE:LRHC-R-A] and Plava Laguna [ZSE:PLAG], the ZSE said in a statement on Tuesday.
Currently, the CROBEX has 18 constituents. After the revision, it will have 15 members.
The bourse also decided that in its narrower index, CROBEX10, which tracks the top ten issuers in terms of free float, market capitalisation and liquidity, software company SPAN [ZSE:SPAN] will replace car parts maker AD Plastik [ZSE:ADPL].
The regular revision of the CROBEX and CROBEX10, as well as the Crobextr, Crobex10tr Crobexplus and its respective sectoral indices was based on trading figures during the period September 1 – February 28.
The revision will take effect after the end of the trading session on March 17. The indices will be calculated with the new constituents as of March 20.
Hrvatska Postanska Banka d.d. is among the biggest banks in SEE, for more reference take a look at Top 100 banks