CEESEG - CEESEG Composite Index
Index launch: 17.09.2009
The CEESEG Composite Index (CEESEG) is a capitalization-weighted price index which is composed of the constituents of the leading share indices of the members of the CEE Stock Exchange Group. Thus the index comprises the stocks included in the ATX, BUX, PX and SBITOP. The index is calculated and disseminated on a real-time basis in EUR and USD. The CEESEG Composite index should serve as a transparent benchmark for investors and represent the development of the capital markets of the whole group.
The CEESEG Composite Index (CEESEG) is a capitalization-weighted price index which is composed of the constituents of the leading share indices of the members of the CEE Stock Exchange Group. Thus the index comprises the stocks included in the ATX, BUX, PX and SBITOP. The index is calculated and disseminated on a real-time basis in EUR and USD. The CEESEG Composite index should serve as a transparent benchmark for investors and represent the development of the capital markets of the whole group.
| Short Code | ISIN | Bloomberg | Reuters | Calculation Time |
|---|---|---|---|---|
| CEESEG EUR | AT0000A0EYH7 | CEESEGE<Index> | .CEESEGE | CET 09:00 – 17:50 |
| CEESEG USD | AT0000A0EYJ3 | CEESEGU <Index> | .CEESEGU | CET 09:00 – 17:50 |
Main Features of the CEESEG:
- Capitalization-weighted price index.
- Dividend payments or similar distributions are not considered.
- Only ordinary shares of companies which are listed and traded on the Budapest SE, Ljubljana SE, Prague SE or Vienna SE are eligible for inclusion into the CEESEG.
- CEESEG is calculated Monday to Friday on each day at least one of the following local stock exchanges is open for trading: Budapest SE, Ljubljana SE, Prague SE, Vienna SE. The local holidays will only be considered, if the respective market has at least a weight of 10% in the CEESEG at end of November in the preceding year.
- The effective free float of a company is tracked by free float factors: 0.10 - 0.20 – 0.30 - 0.40 - 0.50 – 0.60 - 0.70 - 0.80 - 0.90 - 1.00.
- The representation factors can take values between 0.01 and 1.00 and are used to avoid an index member exceeding a maximum weighting cap of 10% on certain cut-off days.
- New index values are triggered by new traded prices of index members (update real-time) or by new exchange rates (bid/ask mid-prices, updates every 2 minutes).
- Quarterly review and adjustments of the weighting factors.
- Revision and changes to the index composition on a semi-annual basis (March / September).
- All decisions regarding the index are taken by the index committee.