The OMX, Oslo and Reykyavik exchanges announced Friday they will launch a new index family on April 3 to reflect the development in the region.
The new VINX family covers the All-share, Benchmark, Tradable and Sector indexes, which include companies listed on OMX’s exchanges in Copenhagen, Stockholm and Helsinki, and on the exchanges in Oslo and Reykjavik. Today, there are more than 800 companies with a market capitalization of close to EUR 1 billion available on the stock exchanges, an OMX news release said.
“Increased interest and a growing demand for more benchmark possibilities from our customers are our reasons for launching the VINX indexes. The close cooperation between the exchanges ensures that the new VINX indexes will optimally reflect the participating markets,” said Jukka Ruuska, OMX’s Nordic Marketplaces business director and president of the Stockholm Stock Exchange.
The VINX index family will be independent of, and supplementary to, the local indexes provided by the participating exchanges. The index structure and rules have been developed in close cooperation with market participants. The plan is to launch derivatives on VINX30 by mid-2006, including the 30 most traded companies in the region.
The VINX30 has the following constituents:
A.P. Mller Maersk B, Assa Abloy B, AstraZeneca, Atlas Copco A, Danske Bank, DnB NOR, Electrolux B, Ericsson B, Fortum Oyj, Freningssparbanken A, Hennes & Mauritz B, Investor B, Nokia Oyj, Nordea Bank, Norsk Hydro, Novo Nordisk B, Sampo A, Sandvik, SCA B, SEB A, Securitas B, Skanska B, SKF B, Statoil, Stora Enso R, Sv. Handelsbanken A, Telenor, TeliaSonera, UPM-Kymmene Oyj and Volvo B.