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Changes in the Stock Market Indices of the Athens Stock Exchange


 
July 3rd, 2023
 
 
Changes in the Stock Market Indices of the Athens Stock Exchange

 

Athens Stock Exchange in collaboration with FTSE Russell has decided to make changes to the number of calculated stock market indices as well as the restructuring of those indices. The main objective of these changes is to provide a more accurate representation of trends and performance in the Greek Stock Market.
 
Specifically, the following changes will be implemented:
  • Restructuring of FTSE/ATHEX Sector Indices
New sector indices will be created, replacing the existing ones. The selection universe for the new indices will be moved from Level II ("Supersector") to Level I ("Industry") of the classification model of the "Industry Classification Benchmark (ICB)" with the merger of:
  • Technology and Telecommunications
  • Energy and Utilities
The creation of a single index for both Industries will ensure a satisfactory number of index constituents.
 
A minimum number of three (3) constituents is set for index calculation, and a maximum weighting (Capping) at 40% is introduced to limit the weight of high-capitalization companies in the composition of the indices.  
 
It should be noted that the calculation of the existing FTSE/ATHEX Banks Index will continue as usual.
 
The initial value of the new indices will be 5,000 points.
 
The structure of the existing and new model for creating and calculating sector indices is:
 
 
Following the implementation of the new structure, the number of sector indices will be reduced from nineteen (19) to ten (10).
  • Cessation of Index Calculation
    • ATHEX Select
    • ATHEX Select Plus
    • FTSE/ATHEX Global Traders Index Plus
    • FTSE/ΧΑ Mid & Small Cap Factor Weight Index
 
All changes will be effective from the next regular index review in November 2023.
 
 
Download the Press Release

 

 

About Athens Exchange Group

The Athens Stock Exchange since its establishment in 1876, consistently participate in the financial and business developments in the country.

Athens Exchange Group (ATHEX Group), provides support to the Greek Capital Market. ATHEX Group operates the organized Equities and Derivatves markets, the alternative market and performs clearing and settlement of trades.

The Athens Stock Exchange, through its markets, offers solutions and financing tools to businesses, expands investor choice by providing a safe, stable and easy environment in full alignment with international practices and the European regulatory framework. It has held the ISO 22301:2012 international standard for Business Continuity, for all its companies, including all its operations as well as the products & services it provides.

In a period that the role of stock markets in exploring alternative ways of financing business, at a European level, is significantly enhanced, the Athens Exchange Group has taken a series of initiatives to highlight the attractiveness of the Greek Capital Market and the Greek companies to the international investment community and expand the variety of investment opportunities.

Its shares are traded on the Main Market of the Athens Stock Exchange (Symbol: EXAE).

The profiles of the ATHEX Group and its markets can be downloaded from the link. More information can be found in the website www.athexgroup.gr.

110 Athinon Ave. 10442 Athens, Greece, tel +30-210 3366 800, fax +30 210-3366 101


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