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Zagreb bourse drops Djuro Djakovic from Crobex index, adds 4 cos

Author Annie Tsoneva
Zagreb bourse drops Djuro Djakovic from Crobex index, adds 4 cos Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), September 10 (SeeNews) - The Zagreb Stock Exchange (ZSE) said it decided to exclude holding company Djuro Djakovic Grupa [ZSE:DDJH] from its main equity index, the Crobex, and include four companies to it under a regular revision of the index.

The four new entrants are lender HPB [ZSE:HPB], shipping company Tankerska Next Generation [ZSE:TPNG], detergents producer Saponia [ZSE:SAPN] and mineral fertilizer maker Petrokemija [ZSE:PTKM], the ZSE said in a statement on Thursday.

The regular revision of the Crobex as well as the CROBEXtr, CROBEX10, CROBEX10tr and CROBEXprime indices was based on trading figures during the period March 1 - August 31.

The revision will take effect after the end of the trading session on September 17. The indices will be calculated with the new constituents as of September 20.

Currently, the Crobex has 18 constituents. After the revision, it will have 21 members.

Following the revision, the constituents of the ZSE's total return index CROBEXtr including dividends have been revised the same way as those of the Crobex.

The bourse also excuded the shares of fixed internet and pay-TV services provider OT-Optima Telekom [ZSE:OPTE] from the CROBEX10 index and the CROBEX10tr, and added to each of the indices shipping company Atlantska Plovidba [ZSE:ATPL]. The CROBEX10 tracks the top 10 CROBEX index constituents by free float market capitalization and turnover.

The bourse also decided to exclude from the CROBEXplus and its sector indices the shares of power transmission equipment manufacturer Dalekovod [ZSE:DLKV] and port operator Luka Rijeka [ZSE:LKRI] and to add to them the shares of shipping company Alpha Adriatic [ZSE:ULPL].

Crobexplus is tracking shares with 60% trading days and free float market capitalisationof more than 10 million kuna ($1.6 million/1.3 million euro).

The Zagreb bourse said it would keep unchanged the constituents of its CROBEXprime and ADRIAprime indices.

(1 euro=7.487 Croatian kuna)