The KBX Index will in the next 6-month period comprise 63 shares, down from today's 64 constituent shares.
Compared with the preliminary KBX portfolio, which was published on 4 June, there was a change in the free float portion for Auriga Industries B and PARKEN Sport & Entertainement and the change caused by the merger of D/S Svendborg and D/S 1912 into A.P. Møller - Mærsk.
The Copenhagen Stock Exchange calculates a price as well as a yield index on the KBX portfolio, and, moreover, a capped version of the index is calculated. After the merger of D/S Svendborg and D/S 1912 into A.P. Møller - Mærsk, the capped companies were downweighted compared with the preliminary selection. In future, the contribution of the A.P. Møller group will be limited to max. 10 per cent in the KBXcap Index, as against max. 20 per cent, when they were two independent companies. The new weights are listed at the bottom of this press release.
The KBX Benchmark Index is a representative selection of all shares listed on the Copenhagen Stock Exchange. By comparing the performance of a given share portfolio with the performance of the KBX Index, the investor can see whether the share portfolio performs better or worse than the general development on the Exchange. The objective of the KBX portfolio is to cover at least 85 per cent of the free float adjusted market cap in each industry group.
The KBX is reviewed biannually - as at 1 January and 1 July - on the basis of a number of criteria. The base value of the KBX Index is 100.00 at end-1995. The value of the KBX Index was calculated in real-time for the first time on 2 July 2001.
Please click here to view the KBX and KBXcap portfolios as at 1 July 2003.
