CSE: New composition of FTSE Med – MAI listed – VIP delisted
Representatives of the Athens Exchange, the Tel-Aviv Stock Exchange, the Cyprus Stock Exchange and of FTSE Group, had a meeting today, 4th of May 2006 at the premises of the Cyprus Stock Exchange, of the Advisory Committee for the FTSE-Med 100 Index. The FTSE - Med 100 Index which was launched on the 19/6/2003, is composed of 100 stocks of the three Exchanges, some of which are also listed on US and European securities markets.
The Advisory Committee of the index consists of representatives from the three Exchanges and from the Global Index provider “FTSE Group”. During this meeting, the committee reviewed the operation of the index for the six month period between November 2005 – April 2006, in accordance with its Ground Rules, which are based on international standards.
It was commonly agreed that during the period of operation of the FTSE Med 100 Index until today, the index achieved the basic aim of strengthening the cooperation between the three Exchanges in the region, offering at the same time a useful tool to the investors in the three countries and internationally, in order to assess trends and developments in these markets.
Having applied the Index Ground Rules, one stock listed on the Cyprus Stock Exchange (Muskita Aluminium Industries Plc) will be added in the index for the next semester (until November 2006) and one stock listed on the Cyprus Stock Exchange (Vision International People Group Public Ltd) which have been included during the previous semester, will be deleted. The Index is composed of 49 stocks listed on the Tel-Aviv Stock Exchange, 46 stock listed on the Athens Exchange, and 5 stocks listed on the Cyprus Stock Exchange.
The report covering analytical data and past performance of the FTSE Med 100 Index will be available on the web-site of FTSE www.ftse.com, two weeks after the meeting of the Advisory Committee.
A list of the reviewed 100 constituent companies is attached.
The Advisory Committee of the index consists of representatives from the three Exchanges and from the Global Index provider “FTSE Group”. During this meeting, the committee reviewed the operation of the index for the six month period between November 2005 – April 2006, in accordance with its Ground Rules, which are based on international standards.
It was commonly agreed that during the period of operation of the FTSE Med 100 Index until today, the index achieved the basic aim of strengthening the cooperation between the three Exchanges in the region, offering at the same time a useful tool to the investors in the three countries and internationally, in order to assess trends and developments in these markets.
Having applied the Index Ground Rules, one stock listed on the Cyprus Stock Exchange (Muskita Aluminium Industries Plc) will be added in the index for the next semester (until November 2006) and one stock listed on the Cyprus Stock Exchange (Vision International People Group Public Ltd) which have been included during the previous semester, will be deleted. The Index is composed of 49 stocks listed on the Tel-Aviv Stock Exchange, 46 stock listed on the Athens Exchange, and 5 stocks listed on the Cyprus Stock Exchange.
The report covering analytical data and past performance of the FTSE Med 100 Index will be available on the web-site of FTSE www.ftse.com, two weeks after the meeting of the Advisory Committee.
A list of the reviewed 100 constituent companies is attached.
