MibSTAR, STAR and TechSTAR indices

Starting from Monday June 18th, 2007 indices will no longer be calculated and diffused

Jun 06 2007 - 15:30

As already informed on December 27th, 2006, Borsa Italiana, after having consulted the market participants, has decided to rationalise the indices dedicated to companies listed on the STAR segment.

Starting from Monday June 18th, 2007, MibSTAR, STAR and TechSTAR indices and their correspondent total return and VWAP (volume weighted average price) versions will no longer be calculated and diffused.

The trends of STAR segment stocks will be represented by All STARS index, which is the benchmark index of high-quality Italian small and medium-sized companies. All STARS index has a series history from January 2001.

All STARS index will be calculated on the basis of the following methodology:

-   composition: all stocks belonging to the STAR segment (today 82 stocks)
-   frequency of calculation and diffusion: 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 STAR segment
-   changes to the number of floating shares: 4 times a year, at the end of every quarter
-   base: December 28th, 2001 = 10,000


Download press release in pdf: VIEW PDF pdf

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