CEESEG IGS - CEESEG Industrial Goods & Services
Index launch: 01.09.2011
The CEESEG Industrial Goods & Services (CEESEG IGS) is a
capitalization-weighted price index which is composed of the sector Industrial Goods &
Services of the leading share indices of the CEE Stock Exchange Group (ATX, BUX, PX and SBI TOP).
The index will be calculated and disseminated on a real-time basis in EUR. The CEESEG Industrial
Goods & Services should serve as a representative benchmark for investors and represent the
development of the capital markets of the whole group. The start level was set to 1,000 points on
30 December 2009.
| Short Code | ISIN | Bloomberg | Reuters | Calculation Time |
|---|---|---|---|---|
| CEESEG IGS | AT0000A0QX08 | CEESEGIG<Index> | .CEESEGIG | CET 09:00 – 17:45 |
Main Features of the CEESEG IGS:
- 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 IGS.
- CEESEG IGS 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 index at end of November in the preceding year.
- The free float is represented by the weighting 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 25% 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.
- Changes to the index composition in accordance with the local leading share indices (ATX, BUX, PX and SBITOP)
- All decisions regarding the index are taken by the index committee.