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The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces today the results of the semi-annual review of the OMX Helsinki Benchmark index, (NASDAQ OMX Helsinki: OMXHB), which will become effective with the market open on Friday, June 1, 2012.
“We have revised the selection criteria for the OMXHB index and now base the industry diversification criteria on the Industry Classification Benchmark (ICB). As a result we see that the new portfolio will hold, on average, larger companies and more liquid stocks”, said Magdalena Hartman, Vice President, NASDAQ OMX Global Index Group.
Uponor Oyj (UNR1V), Tikkurila Oyj (TIK1V), Rapala VMC Corporation (RAP1V), Technopolis Plc (TPS1V), CapMan Plc B (CAPBV), and Sievi Capital Plc (SCI1V) will be added to the index.
Aktia Plc A (AKTAV), Aspo Plc (ASU1V), Basware Corporation (BAS1V), Comptel Corporation (CTL1V), Finnlines Plc (FLG1S), F-Secure Corporation (FSC1V), Lassila & Tikanoja Plc (LAT1V), Oriola-KD Corporation A (OKDAV), Okmetic Oyj (OKM1V), Pöyry Plc (POY1V), Stockmann Plc A (STCAS), Tieto Corporation (TIE1V), and Talvivaara Mining Company Plc (TLV1V) will be removed from the index.
The new OMXHB includes 47 largest and most traded stocks, representing all ten sectors. The weight of the stocks is based on the free float adjusted market value, which means that only the part of the share capital that is considered available for trading is included in the index. The index serves as an indicator of the overall trend on NASDAQ OMX Helsinki and offers a cost effective index that an investor can fully replicate.
OMXHB is sector diversified and major sectors represented are Industrials, Financials, Consumer Goods and Consumer Services. The securities must also meet other eligibility criteria including a turnover limit. The OMXHB index is evaluated on a semi-annual basis in May and November, and the new index portfolio becomes effective on the first trading day in June and December respectively.
