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Dec 12, 2007 15:51 EEST
December 12 (SeeNews) - The Vienna Stock Exchange said on Wednesday it has launched a new regional index, CECE MID Cap Index or CECE MID, composed of the 30 most-actively traded and highly-capitalised stocks listed on the exchanges of Central, Eastern and southeastern Europe.
"At present, the CECE MID contains stocks listed on the exchanges in Bucharest, Prague, Warsaw, Budapest, Belgrade, Sofia, Ljubljana and Zagreb, with the maximum number of index members being defined at six per country to keep the index as diversified as possible," the stock exchange said in a statement.
The shares included would normally belong to the index universe of the CECE Extended Index, but are not included because of their lower market capitalisation or trading volume, it added. The CECE MID stocks will have the opportunity to join the CECE Extended Index when they attain the size criteria regarding capitalisation and trading volumes.
The CECE MID is a capitalisation-weighted price index and the total weighting of a market in it is limited to a maximum of 40% and the total weighting of an individual index member at 10%. It is calculated and published in real time in euro and U.S. dollars. The index commences with a starting value of 1,000 points.
The new regional index enlarges Vienna Stock Exchange's range of indices to a total of 30, 22 of which track national, regional and sector developments in the countries of Central, Eastern and southeastern Europe.
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