(Vienna) Today, Wiener Börse has starting calculating and publishing a new regional index, the CECE MID CAP Index (CECE MID). It is composed of the 30 most-actively traded and highly-capitalized stocks listed on the exchanges of Central, Eastern and Southeastern Europe that would normally belong to the index universe of the CECE Extended Index, but are not included because of their lower market capitalization or trading volumes. The CECE MID stocks will have the opportunity to join the CECE Extended Index when they attain the size criteria regarding capitalization and trading volumes.
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 total weighting of a market in the index is limited to a maximum of 40% and the total weighting of an individual index member at 10%.
The CECE MID is a capitalization-weighted price index. It is calculated and published in real time in EUR and USD and can be used as an underlying for structured products as well as for standardized derivatives such as futures and options. The starting value was defined at 1,000 index points on 3 January 2005. A review of the calculation parameters is done on a quarterly basis and the composition of the index is reviewed and adjusted as necessary every half-year.
The CECE MID enlarges Wiener Börse’s range of indices to a total of 30 indices now. Twenty-two of these indices track the national, regional and sector developments in the countries of Central, Eastern and Southeastern Europe. Further information on the CECE MID and the indices of Wiener Börse is published on the index portal .