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On 4 May 2009, the Warsaw Stock Exchange will begin publishing two new indices – WIG20short and WIG20lev.
Both indices will be based on the WIG20 index. The movements of WIG20short will reflect the inverse of the WIG20 changes, e.g. a 10pts gain of the blue chip index will translate into a 10pts loss of the WIG20short index. The second newly introduced index, WIG20lev, will change in the same direction as WIG20 albeit with twice the magnitude, e.g. a 10pts rise in the blue chip index will mean a 20pts gain in WIG20lev.
“WIG20short and WIG20lev indices will be an interesting expansion of the current WSE indices portfolio”, says Mr Tomasz Wi?niewski, Deputy Director of WSE Information Products Department. “We hope that this will incite investment firms to issue structured products with the WIG20short as an underlying”. At the moment, there is one structured certificate listed on the Warsaw bourse which falls into this family of instruments as it is based on the shortDAX index.
The new indices will be published according to the same schedule as in the case of WIG20 – every 15 seconds from open until close of continuous trading. The base date for both indices will be 31 December 2005 (2654pts), and their historical values will be calculated accordingly. The current value of WIG20short is 4241pts and WIG20lev stands at 649pts.
For more information on WSE indices (parameters, calculation rules and historical values), please visit the “Information / Statistics” section on the Warsaw Stock Exchange web site at www.wse.com.pl
