January 21 (SeeNews) - The Zagreb Stock Exchange (ZSE) will launch a new Prime Market index - CROBEXprime, on February 18, the bourse said on Monday.
The new index is a free float market capitalisation weighted total return index taking dividends into account. The CROBEXprime will include all shares listed on the Prime Market of the ZSE.
Each constituent share's weight will be capped by 30%. The CROBEXprime base level will be set at 1,000.00 points, with December 28, 2018 serving as the base date.
The shares of plastic goods manufacturer AD Plastik [ZSE:ADPL], Arena Hospitality Group [ZSE:ARNT], Atlantic Grupa [ZSE:ATGR] and food, beverage and drug producer Podravka [ZSE:PODR], which are listed on the Prime Market, will be included in the initial composition of the CROBEXprime index .
The CROBEXprime index will be the tenth Zagreb Stock Exchange equity index. It aims to make trade in equities more transparent, enabling investors to monitor equity price movements and bring investment decisions easier, the ZSE said.
(1 euro = 7.42956 kuna)