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The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces today the results of the semi-annual review of the OMX Stockholm Benchmark index, (NASDAQ OMX Stockholm: OMXSB), which will become effective with the market open on Friday, June 1, 2012.
“We have revised the selection criteria for the OMXSB 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, thus maintaining the index’s position as the most cost efficient benchmark for the Swedish equity market”, said Magdalena Hartman, Vice President, NASDAQ OMX Global Index Group.
AarhusKarlshamn (AAK), Billerud (BILL), Cloetta ser. B (CLA B), Fastighets AB Balder ser. B (BALD B), Hexpol ser. B (HPOL B), Mekonomen (MEKO), NCC ser. B (NCC B), NIBE Industrier ser. B (NIBE B), Rezidor Hotel Group (REZT), Stora Enso Oyj ser. R (STE R) and Trigon Agri A/S (TAGR) will be added to the index.
Acando ser. B (ACAN B), Addnode ser. B (ANOD B), Axfood (AXFO), Connecta (CNTA), Hakon Invest (HAKN), HiQ International (HIQ), Industrial & Financial Systems AB ser. B (IFS B), Klövern (KLOV), Know IT (KNOW), Loomis ser. B (LOOM B), Nobia (NOBI), Opcon (OPCO), Oriflame Cosmetics SDB (ORI SDB), Proact IT Group (PACT), Proffice ser. B (PROE B), ReadSoft ser. B (RSOF B), Rederi AB Transatlantic ser. B (RABT B), SAS (SAS), Sigma ser. B (SIGM B), Securitas AB ser .B (SECU) B), Svenska Cellulosa ser. A (SCA A), Tieto Corporation (TIEN), TradeDoubler (TRAD) and ÅF ser. B (AF B) will be removed from the index.
The new OMXSB index consists of the 71 largest and most traded stocks, representing all ten industries. 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 Stockholm and offers a cost effective index that an investor can fully replicate.
OMXSB is sector diversified and the major industries represented are Financials, Industrials, Consumer Goods and Basic Materials. The securities must also meet other eligibility criteria including a turnover screening. The OMXSB 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.
