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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|
|Arena Hospitality Group||ZSE||50%|