OSEBX/OSEFX index reweighting estimates update
Following the release of official turnover and free float statistics this morning, we are a step closer to identifying the constituent changes for the OSEBX and OSEFX that will be effective from 1 December. We forecast seven new entrants and no exits. The changes will be confirmed by mid-November. The main uncertainty now relates to turnover as the published figures include the entire last 12 months but the index selection is based on 12-month data excluding the 12 days with the largest turnover. Differences between Bloomberg turnover data and the ‘official’ turnover leave some residual uncertainty in this calculation.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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