Creation of a New FTSE/ATHEX Index
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Athens, 22 October 2012 | ||
Creation of a New FTSE/ATHEX Index |
Following the ongoing effort the Athens Exchange is doing, in order to strengthen the visibility of its listed companies the creation of a new FTSE/ATHEX index is implemented. The new index utilizes an assessing mechanism for the participation in it of companies not belonging to the composition of the current FTSE /ATHEX Large Cap & FTSE /ATHEX Mid Cap Indices and have strong fundamentals.
Athens Exchange, in cooperation with FTSE, created the new index, aiming to:
- Introduce a new trend in the Greek market regarding index creation, using a methodology different to the current one i.e. that of market capitalization weighted indices based solely on market capitalization selection criteria.
- Improve focus of the investment community in companies with prominent profiles.
Stocks' selection will be based on a number of fundamental ratios, which are commonly used when performing corporate evaluation. The index will be free float market capitalization weighted where individual stocks will be capped at 20% of the index weight. The starting price is set to 1,000 points and the calculation will begin on Monday October 29, 2012.
The new index characteristics and composition are:



Index ground rules are available on ATHEX and FTSE web site.