HEX To Launch A New Technology Index

HEX will start calculating a new technology stock index. The new HEXTech Index is launched as a response to demand from market participants. They wish to have derivative instruments for managing the risks and returns of Finnish technology stock portfolios.

Calculation of the index and trading with derivatives on it will be started in late June. HEXTech Index base value is 1000 and contract value EUR 10 per index point. Trading will be at HEX as opposed to FOX trading, which is at Eurex.

The HEXTech index constituents are the ten most liquid technology stock listed at HEX. Stocks on all HEX lists - Main, I and NM - qualify for HEXTech Index.

The list of index constituents is reviewed semiannually. The weight of stocks of any single company is limited to twenty per cent. Otherwise the calculation method of HEXTech corresponds with that of FOX Index, also calculated by HEX. The current index constituents include Nokia, Sonera, Tietoenator and Elisa Communications, Comptel, Elcoteq, F-Secure, Perlos, Jot Automation Group and Stonesoft.