New SEE Link indices constituents
January 16, 2017 - After Belgrade and Ljubljana stock exchanges becoming active members of the SEE Link network at the end of 2016, SEE Link indices ‒ SEE LinX and SEE LinX EWI ‒ were revised in order to include new indices constituents and therefore provide more representative overview of the SEE Link market.
The SEE Link Index Committee has included following stocks in the SEE LinX and SEE LinX EWI indices:
SEELinX and SEELinX EWI indices constituents as of January 16, 2017:
- Energoprojekt holding a.d., Beograd (Belgrade Stock Exchange)
- NIS a.d. Novi Sad (Belgrade Stock Exchange)
- Gorenje, d.d., Velenje (Ljubljana Stock Exchange)
- Krka, d. d., Novo mesto (Ljubljana Stock Exchange)
- Petrol, d.d., Ljubljana(Ljubljana Stock Exchange)
- Zavarovalnica Triglav, d.d., Ljubljana (Ljubljana Stock Exchange)
||Advance Terrafund REIT-Sofia
||VALAMAR RIVIERA d.d.
||Ericsson Nikola Tesla d.d.
||Atlantic grupa d.d.
||Komercijalna banka AD Skopje
||Alkaloid AD Skopje
||Energoprojekt holding a.d., Beograd
||NIS a.d. Novi Sad
||Gorenje, d.d., Velenje
||Krka, d. d., Novo mesto
||Petrol, d.d., Ljubljana
||Zavarovalnica Triglav, d.d., Ljubljana
The calculation of respective indices with new composition started on January 16, 2017.
SEELinX index is a market capitalization weighted index adjusted for the free-float of each constituent, while SEELinX EWI is an equally weighted index with the same constituents.
The base level of each index is set at 100 points and is calculated in real time in Euro (EUR).
SEE Link is a project started by the Bulgarian, Croatian and Macedonian stock exchanges with the aim of creating regional infrastructure for the trading of securities. Formalising this cooperation, the three stock exchanges set up SEE Link as a joint company in May 2014, located in Skopje. The EBRD supported the initial phase of the SEE Link project with a €540,000 grant to introduce an electronic system for order-routing in July 2014. Funding for the project was provided by EBRD donors through the EBRD Shareholder Special Fund. In parallel, participating stock exchanges extended €80,000 to SEE Link.
SEE Link order routing system has become fully operational at the end of the March last year. The two SEE Link indices ‒ SEE LinX and SEE LinX EWI ‒ were launched shortly after.
Three more stock exchanges are preparing for connecting to SEE Link: Athens, Banja Luka and Montenegro stock exchanges, with several other regional stock exchanges expressing their interest to join.
SEE Link order-routing system now supports trading for a total of five markets, with a combined equity market capitalisation of more than US$ 38,5 billion and more than 500 stocks eligible for trading. A total of 27 investment companies (brokerage houses) are licensed to trade via SEE Link. In addition, seven members of the Belgrade Stock Exchange are currently in the process of obtaining licenses for trading via SEE Link.
The system aims to increase liquidity and improve access for investors and local brokers.