The calculation of the new Slovenian blue-chip index SBI TOP, introduced by the Ljubljana Stock Exchange, will begin on 1 April 2006. It will measure the performance of the most liquid Slovenian companies and will be calculated on the basis of values given in euros.
SBI TOP is aimed at providing an underlying for derivatives and structured financial instruments on the Slovene market. As such, the index must follow the performance of the biggest Slovene companies, as well as comprise the most liquid shares. SBI TOP will thus be composed of only the shares included in the SBI 20 index complying with the following criteria:
- free float capitalisation min. EUR 100 m;
- average daily value min. EUR 50,000;
- average daily number of transactions min. 10.
The existing SBI 20, the previous Slovenian blue-chip index, has consequently been restructured into the Slovene total market index. In order for its calculation methods to encompass the performance of the total Slovene share market, it now comprises shares from the official as well as the semi-official markets.
On 15 March 2006, the Ljubljana Stock Exchange carried out the annual revision of the SBI 20, SBI TOP and PIX indices, encompassing the period from 16 March 2005 to 15 March 2006, as well as the semi-annual revision of the BIO index, comprising the period from 16 September 2005 to 15 March 2006.
Based on the criteria for the inclusion of shares and bonds into indices, the following changes to the composition of the below indices will take effect from 1 April 2006:
Slovene total market index – SBI 20
Inclusion of shares:
Cinkarna Celje – CICG,
Helios Domžale – HDOG and
Juteks – JTKG.
Exclusion of shares:
Delo – DELR,
Droga Kolinska – DRKR and
Žito – ZTOG.
Slovene blue-chip index – SBI TOP
The first composition of the index, including the index participation rates of individual companies, is given in the appendix.
Investment fund index – PIX
No changes to the composition of the index.
Bond index – BIO
No changes to the composition of the index.
Details on the new compositions of the indices are given in the appendix viwed by clicking here.
The values of all indices, taking account of their new structure, will be published on the Ljubljana Stock Exchange web pages from Monday, 3 April 2006.
