Pursuant to a Budapest Stock Exchange (BSE) announcement on October 11th, 2005, the Central European Stock Index’ (CESI) last day of calculation will be December 30th, 2005, according to BA-CA.
The CESI index – owned and operated by BSE – was launched in February 1996. Originally created by the stock exchanges in Budapest, Prague and Warsaw, and joined by the bourses in Bratislava and Ljubljana, the CESI index aimed at tracking the regional equity market performance in one aggregate indicator and became a reference index for the region that reflects the relative weight of these stock exchanges in the CEE region.
“BSE recognizes the changed demand and preferences of market participants and acknowledges the modern demand for tradable benchmark indices, with real-time calculation,” says Peter Gatterwe of BA-CA. “This acknowledgement led to the decision on the cessation of the CESI until the end of 2005 and BSE defined its strategic aim to provide such a traded index which is able to meet the market demand for showing the performance of the regional equity markets and also able to be the underlying of future financial product development.”