New index portfolio will become effective on December 1, 2010 Stockholm, November 8, 2010 - The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) today announces the results of the semi-annual review of the OMX Stockholm Benchmark index, (NASDAQ OMX Stockholm: OMXSB), which will become effective with the market open on Wednesday, December 1, 2010.
Rederi AB TransAtlantic (RABT B) will be added to the index.
Höganäs AB (HOGA B), Millicom International Cellular S.A. (MIC SDB), Investment AB Öresund (ORES) and Proffice AB (PROE B) will be removed from the index.
The OMXSB index is a free float adjusted index designed to act as a transparent and liquid benchmark with low transaction costs for the investors while maintaining a high correlation to the Swedish market. “OMX Stockholm Benchmark index is one of the most widely used portfolio indexes for the Swedish equity market and has approximately SEK 160 Bn. in assets under management,” said NASDAQ OMX Vice President Magdalena Hartman.
OMXSB is sector diversified and major sectors represented are Financials, Industrials, Consumer Discretionary and Information Technology. The securities must also meet other eligibility criteria including a turnover screening. The OMXSB index is evaluated on a semi-annual basis in May and November, and the new index portfolio becomes effective on the first trading day in June and December respectively.