.jpg)
The Vienna Stock Exchange set new free float factors in the context of the quarterly review of the calculation factors of the Austrian stock indices ATX and ATX Prime this evening. For the real estate company BUWOG and for the catering company DO&CO the free float factors increase from 0.6 to 0.7 respectively due to the notifications on the sale of shareholdings. The free float factor represents the portion of a company’s shares that are in the hands of a multitude of public investors and tradable on the stock exchange. A higher free float indicates a better tradability of a share on the stock exchange and results in a higher weighting of the company in the index. The changes will become effective on 22 December 2015.
According to “The Rules for the Austrian Indices of the Vienna Stock Exchange”, the calculation parameters (number of shares, free float factors, representation factors) are reviewed on a quarterly basis (March, June, September and December). The inclusion or exclusion of stocks from the ATX is reviewed twice a year (March and September). The decision on new additions to the index is based on the daily average trading volume and the free float capitalisation of companies. For this purpose, the “ATX Watch List” is being published once a month. In the Index Committee which approves the index rules, representatives of institutional investors, trading members of the Vienna Stock Exchange, financial institutions, that issue financial products on the indices, trading members, academic advisors and the Vienna Stock Exchange contribute their knowhow. A list of the Committee members is available online.
