The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces today the results of the semi-annual review of the OMX Copenhagen Benchmark index, (NASDAQ OMX Copenhagen: OMXCB), which will become effective with the market open on Friday, June 1, 2012.
“We have revised the selection criteria for the OMXCB index and now base the industry diversification criteria on the Industry Classification Benchmark (ICB). As a result we see that the new portfolio will hold, on average, larger companies and more liquid stocks”, said Magdalena Hartman, Vice President, NASDAQ OMX Global Index Group.
Auriga Industries (AURI B), NunaMinerals (NUNA), Sanistål (SANI), Gyldendal A (GYLD A), SAS AB (SAS DKK), Berlin IV B (BERLIV B), Berlin III B (BERL3 B) and German High Street Properties B (GERHSP B) will be added to the index.
Atlantic Petroleum P/F (FO-ATLA CSE), Newcap Holding(NEWCAP), Royal UNIBREW (RBREW), TORM (TORM) and Topsil Semiconductor Materials (TPSL) will be removed from the index.
The new OMXCB index consists of the 48 largest and most traded stocks, representing all ten industries. The weight of the stocks is based on the free float adjusted market value, which means that only the part of the share capital that is considered available for trading is included in the index. The index serves as an indicator of the overall trend on NASDAQ OMX Copenhagen and offers a cost effective index that an investor can fully replicate.
OMXCB is sector diversified over major industries. The securities must also meet other eligibility criteria including a turnover screening. The OMXCB index is evaluated on a semi-annual basis in May and November, and the new index portfolio becomes effective on the first trading day in June and December respectively.