MARKET
INFORMATION
Zagreb Stock Exchange (ZSE))
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Trading Hours |
Pre-opening session |
09:00 – 09:30 |
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Open |
09:30-15:55 |
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Closing auction |
15:55-16:00 |
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Close |
16:00 |
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Time Zone |
CET during winter |
Trading Days |
Monday – Friday |
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CEST during Summer |
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Trading Currency |
Euro (EUR) |
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Main Index |
Index name |
CROBEX |
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Reuters code |
CRBEX |
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Bloomberg code |
CRO Index |
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Exchange Code |
Reuters |
ZA |
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Bloomberg |
CZ / ZA |
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Trading ID/ Trading Requirement |
SSI |
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Settlement Cycle |
T+2 |
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Current Index Status |
MSCI Standalone - FTSE FM |
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Market Cap |
USD 24.98bn |
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Average Daily Value Traded
| Year | AVG VALUE TRADED |
|---|---|
|
2021 |
$ 1.32mn |
|
2022 |
$ 1.59mn |
| 2023 | $ 1.45mn |
MARKET
DYNAMICS
Stock Limit
Up/Down
Up/Down
Either
+/-5%
to
+/- 20%
depending on the
stock
+/-5%
to
+/- 20%
depending on the
stock
Tick
Size
Size
List of tick size per ticket available on ZSE web page
Board
Lot
Lot
1 share
Off- Market
Crosses
Crosses
OTC trades
allowed
allowed
Crosses
Crossing restrictions - EUR 13k for trades on regular mkt (possibility of interference) & block trades EUR 270k (protected trade)
Official new
Reference Price
Reference Price
Last traded price
MARKET
REGULATIONS
Foreign Ownership Restriction
Foreign investors may own up to 100% of all listed stocks
Disclosure Rules
At 5% ownership, a public disclosure is required. Thereafter, an increase or decrease in
ownership in multiples of 5% should also be declared, 25% is a threshold for takeover
tender
ownership in multiples of 5% should also be declared, 25% is a threshold for takeover
tender
Securities Lending
Not permitted
Short selling
Not permitted
Crossing Restrictions
Minimum value for crossing is HRK 100,000
Timeline for New NIN Setup
None
MARKET
FEES & TAXES
| Market Fees | 10,50 bps |
| Capital Gain Tax | 12% (locals only) |
| Dividend Tax | 12% |