CETOP rules change as Romania included in index
The Budapest Stock Exchange (BSE) has amended the review rules of the regional CETOP share index from September 1 to accommodate the inclusion of Romanian shares in the measure of market value, according to an announcement by the bourse, Hungarian news agency MTI reported today.
The maximum number of shares in the index – comprising blue chips listed on bourses in Budapest, Warsaw, Prague, Bratislava, Ljubljana and Zagreb, as well as Bucharest – will be raised to 25. Earlier, the index comprised a fixed number of 20 shares.
Accordingly, the indexʼs name has been changed from CETOP20 to CETOP (Central European Blue Chip Index).
No more than seven shares from any single country may be included in the index, and no single country may have a weight exceeding 40%.
The composition of the index is reviewed twice a year: on March 1 and September 1. The index is calculated with values corresponding to the new composition on the first trading day after the third Friday of March and September, respectively.
The index will be calculated according to the latest changes to its composition on September 19.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.