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Zagreb, Ljubljana stock exchanges to launch ADRIAprime joint index on June 19

Author Iskra Pavlova
Zagreb, Ljubljana stock exchanges to launch ADRIAprime joint index on June 19 Author: Zagreb bourse. License: All rights reserved.

ZAGREB (Croatia), June 14 (SeeNews) - The stock exchanges in Zagreb and Ljubljana are launching on June 19 a joint index, ADRIAPrime, which will track the performance of 13 listed Croatian and Slovenian companies, the Zagreb bourse (ZSE) said on Friday.

ADRIAprime, which is the first joint index of ZSE and the Ljubljana Stock Exchange (LJSE), is a free float market capitalisation weighted total return index, which will take into account dividends, ZSE said in a statement.

"ADRIAprime index represents a further step in the continuous efforts of both exchanges to offer more data to investors in order to facilitate their investment decision-making and enable them more comprehensive and easier monitoring of market trends," the statement said.

The index will include shares from the prime markets of the two bourses, whose selection will depend on the decision of each stock market.

The weight of each constituent share will be capped at 15%, it added. The base level will be set at 1,000.00 points on April 30, 2019 and will be calculated in euro.

The following shares will be included in the initial ADRIAprime composition:

Company Stock exchange Free float
AD Plastik ZSE 70%
Arena Hospitality Group ZSE 50%
Atlantic Grupa ZSE 45%
Intereuropa LJSE 45%
Krka LJSE 75%
Luka Koper LJSE 40%
Petrol LJSE 60%
Podravka ZSE 85%
Pozavarovalnica Sava LJSE 45%
Valamar Riviera ZSE 75%
Telekom Slovenije LJSE 35%
Zavarovalnica Triglav LJSE 40%