Like the existing portfolio, the new MidCap+ segment will have 22 constituent shares. Four shares will make their debut in the MidCap+ segment: Vestjysk Bank, Amagerbanken, Rockwool International B and D/S Tonn. D/S Torm has grown out of SmallCap+ and in addition to the market cap and turnover criteria, the company also meets the requirement that MidCap+ companies must publish an English version of their company announcements.
Four shares will leaving MidCap+. Monberg & Thorsen B, Aarhus Oliefabrik and DFDS do not reach an average daily turnover of DKK 700,000. After having been acquired by another company, Danske Trælast is planning on being delisted and will therefore be removed from the plus segment.
A total of 37 shares are eligible for MidCap+ as their free float market cap exceeds DKK 500 million, i.e. they are negotiable and thus not tied up by e.g. strategic shareholder groups.
29 shares have been selected for SmallCap+ compared with 28 in the existing portfolio. Sparbank Vest, PARKEN Sport & Entertainment and Treka are new constituents, while D/S Torrn and NESA will be leaving SmaliCap+ because the market cap has exceeded DKK 400 million. As mentioned above, D/S Torm will be included in the new MidCap+, but since NESA does not meet all the admission requirements, the company cannot be included in MidCap+.
MidCap+ and SmallCap+ have seen good and steady progress Senior Vice President Peter Belling said: "We are pleased to see that an increasing number of companies have launched initiatives which will qualify them for the plus segments. To the investors the frequent information, activities to build investor goodwill and improved liquidity will mean a lower risk and higher yields, which will make the companies even more attractive.
The difference between the best bid and ask prices - the so-called spread -for the plus segments has narrowed considerably and is now as low as 1.2 per cent for MidCap+ and I.6percentforSmallCap+, compared with 2.l percent and 3.3 per cent in the third quarter of2OO2, the three months before the Exchange published its initiative 'New energy to Danish equities'.
The value of orders in the trading system has also improved. The average value has now reached DKX 650, 000for the MidCap+ shares, up from some DKK 400, 000 in the third quarter of 2OO2. For the SmallCap + shares the value of orders has gone from just under DKK 200, 000 in the year-ago quarter to some DKK 300, 000 in May. However, it is still too early to say anything about the positive impact on the turnover. The equity market is on the rise and the recent months have been favourable to the SmallCap+ shares. "
