On the basis of trading in the shares and primary capital certificates of stock exchange listed companies over the last six months, Oslo Børs has reviewed the allocation of listed companies to liquidity categories. The new allocations will come into effect from Friday 19 June 2008.
FTSE Mondo Visione Exchanges Index:
New Allocation To Liquidity Categories For Oslo Børs Companies From 19 June 2009
Date 18/06/2009
The allocations to liquidity categories provide an indication of how frequently the various shares trade, which is very useful information for investors when making their investment decisions. The rebalancing shows fewer shares in both the OB Match category and the OB Standard category. The reductions are due to delisting of companies in the period.
The rebalancing has caused one change in the OBX category. Royal Caribbean Cruises (RCL) is now a part of the category, while Aker is taken out.
The number of companies in the OB Match category is reduced from 116 to 104, which is a smaller change than at the previous review in December 2008. The OB Standard category has decreased by 3 companies to 64 over the last six months. The OB Primary Capital Certificates category is unchanged with 21 saving banks.
There have been no new listings in the period from 1 December 2008 to and including 31 May 2009, and a total of 12 companies have been delisted. The OB New category currently consists of no companies.
As of 19 June 2008, a total of 218 shares and primary capital certificates are listed on Oslo Børs. This represents a net reduction of 12 shares/primary capital certificates since the previous review of the category allocations in December.
The number of companies in the different Oslo Børs liquidity categories, are as follows (figures for the previous period in brackets):
- OBX 25 (25)
- OB Match 108 (116)
- OB Standard 64 (67)
- OB New 0 (1)
- OB Primary Capital Certificates 21 (21)
The OBX category is based on the 25 most liquid shares on Oslo Børs. Shares with a minimum of 10 trades per day on average qualify for inclusion in the OB Match category. The OB Match category also includes companies that have entered into liquidity provider arrangements for their shares where these arrangements are approved by Oslo Børs. As of 19 June, 32 companies have such arrangements, a reduction of 4 companies from the previous review in December 2008. The reason for the reduction is that 4 companies with liquidity provider arrangements ceased to be listed during the period.
Shares with fewer than 10 trades per day on average are allocated to the OB Standard category. Savings banks with issues of listed primary capital certificates make up a separate category, while shares that have only a short history of listing (listed for less than two months) are included in the OB New category.
The new liquidity categories from 19 june 2009 can be viewd here