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On the basis of trading in the shares and equity certificates of stock exchange listed companies over the last six months, Oslo Børs has carried out a routine 6-monthly review of the allocation of listed companies to liquidity categories. The new allocations will come into effect from Friday 18 June 2010.
The allocations to liquidity categories provide an indication of how frequently the various shares and equity certificates are traded, which is very useful information for investors when making their investment decisions. The rebalancing shows an increase in the number of shares in the OB Match category and a reduction in the allocation to the OB Standard category.
The rebalancing has caused changes in the OBX category, with the removal of Schibsted and Norwegian Property from this category and the addition of Questerre and Kongsberg Automotive.
The number of companies in the OB Match category has been reduced from 111 to 109 and the OB Standard category is reduced from 53 to 48 companies. The reduction in both categories can be explained by several companies previously in this category were deleted from listing in the last six months. The OB Equity Certificates category remains unchanged from the last review.
There have been one new listing in the period from 1 December 2009 to and including 31 May 2010. In addition two more companies have been listed in June and these will also be a part of the OB New category. A total of six companies were delisted from Oslo Børs over this period.
As of 18 June 2010, a total of 206 shares and equity certificates are listed on Oslo Børs. This represents a net reduction of four shares since the previous review of the category allocations in December.
The number of shares/equity certificates in the various Oslo Børs liquidity categories is as follows (figures for the previous period in brackets):
- OBX 25 (25)
- OB Match 109 (111)
- OB Standard 48 (53)
- OB New 3 (0)
- OB Equity Certificates 21 (21)
About the liquidity categories:
The OBX category is based on the 25 most liquid shares on Oslo Børs. Shares
with a minimum of 10 trades per day on average qualify for inclusion in the OB
Match category. The OB Match category also includes companies that have
entered into liquidity provider arrangements for their shares where these
arrangements are approved by Oslo Børs. As of 18 June, 30 companies have such
arrangements, a reduction of three companies from the previous review in June.
The reason for the reduction is first of all that several companies with
liquidity provider arrangements ceased to be listed during the period.
Shares with fewer than 10 trades per day on average are allocated to the OB Standard category. Savings banks with issues of listed equity certificates make up a separate category, while shares that have only a short history of listing (listed for less than two months) are included in the OB New category.
The new liquidity categories from 18 June 2010 can be viewed here
