October 2 (SeeNews) - The Montenegro Stock Exchange said it is removing coal miner Rudnik Uglja [MNG:RUPV] from its blue-chip MNSE10 index because it does not meet the conditions to stay.
Healthcare and spa centre Simo Milosevic [MNG:INSM] replaced Rudnik Uglja in the MNSE10 from October 1 and will have a 2.69% weight in the index, the Montenegro Stock Exchange said in a statement on Monday.
The participation of Crnogorski Telekom [MNG:TECG] in the MNSE10 index was reduced to 16.64%, while the weight of hotel operator Budvanska rivijera [MNG:BUDR] was increased to 7.95%, the exchange said.
Moreover, the Montenegro Stock Exchange included companies Autoremont Osmanagic [MNG:AUTM], Luka Kotor [MNG:LUKO], Proljece Komerc [MNG:PROK], Novi Prvoborac [MNG:NOPR] and HTP Velika plaza [MNG:BRJE] in the the benchmark MONEX index, which tracks the 20 most representative shares on the exchange.
Companies Rudnik Uglja, Industriaimport-Industriaimpex [MNG:INPX], Montecargo [MNG:MORG], Universal Capital Bank [MNG:FFBN] and Vektra Boka [MNG:HTBO] were excluded from the MONEX.