Cookie

On this website we use technical cookies and, subject to your prior consent, third party profiling cookies in order to propose to you advertising and services in line with your preferences. For additional information please visit our cookies policy page. Clicking on “Continue” or browsing this website you will consent to the use of such cookies.   

 
2005 PRESS RELEASES

 

PRESS RELEASE


Starting from Monday, 31 January 2005,
New Indices for Borsa Italiana Markets

Expansion of the Mib and Mibtel baskets,
which become the All-Shares Indices for the Italian Market

Introduction of the new TechStar, Star and All Stars indices,
representing the Quality Small and Medium-sized Companies

Starting from the same date Numex and Numtel will no longer be calculated

1) Mib and Mibtel, Numex and Numtel indices

From 31 January 2005, the Mib index (one value per day based on official prices) and the Mibtel index (calculated intra-day, one value per minute) will refer not only to equity securities of the Electronic Equity Markets, but also to those of the Nuovo Mercato.

Starting from the same date, the Numex and Numtel indices of the Nuovo Mercato will no longer be calculated.

2) TechStar Index

To best enhance the role of the TechStar sector, which comprises the stocks of companies that meet specific requirements of profitability growth and equity stability, the new TechStar index will be calculated starting from 31 January 2005.

Highlights of the methodology:

  • composition: all TechSTAR stocks except for those included in the S&P/MIB basket and the foreign ones with low liquidity

  • frequency of calculation and communication: every minute

  • weighting: based on the free-float (calculated net of stakes, both direct as well as by syndicates, greater than 5%)

  • cap on the major shares: the weight of each share upon changes to the weighting structure cannot exceed 10%

  • changes to the basket: on the basis of sector entries/exits

  • changes to the number of floating shares: 4 times a year, at the end of every quarter

  • basis: 28.12.2001 = 10,000

3) Star Index

To best enhance the role of the Star segment, which comprises the stocks of companies adopting higher requirements of information transparency, corporate governance and liquidity, the new Star index will be calculated starting from 31 January 2005.

Highlights of the methodology:

  • composition: all stocks of the STAR segment

  • frequency of calculation and communication: every minute

  • weighting: based on the free-float (calculated net of stakes, both direct as well as by syndicates, greater than 5%)

  • cap on the major shares: the weight of each share upon changes to the weighting structure cannot exceed 10%

  • changes to the basket: on the basis of segment entries/exits

  • changes to the number of floating shares: 4 times a year, at the end of every quarter

  • base: 28.12.2001 = 10,000

4) All Stars Index

Starting from 31 January 2005, the new All Stars index will be calculated, and it will comprise stock included in the TechStar and Star baskets. The new index will provide an overall vision of companies with small and medium capitalisation with high requirements, and will be able to provide an adequate benchmark for market participants interested in high-quality Italian small and medium-sized companies.

Highlights of the methodology:

  • composition: all stocks of the TechStar and Star baskets

  • frequency of calculation and communication: every minute

  • weighting: based on the float (calculated net of investments, both direct as well as by syndicated agreements, greater than 5%)

  • cap on the major shares: the weight of each share upon changes to the weighting structure cannot exceed 10%

  • changes to the basket: on the basis of entries/exits to and from the Techstar and Star baskets

  • changes to the number of floating shares: 4 times a year, at the end of every quarter

  • base: 28.12.2001 = 10,000

From 31 January 2005, along with the MibStar index (weighted in terms of capitalisation), the new TechStar-vwap, Star-vwap and All Stars-vwap indices will also be calculated and communicated at the end of the session, based on official prices (volume weighted average price) and weighted in terms of free-float, with the aim of providing analysts, intermediaries and investors with a synthetic indicator of stock performance throughout the session.

Attached docs: All Stars and Techstar Indices' baskets and weights

Milan, 28 January 2005


The Exchange accepts no responsability for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.