Quant: OBX index reweighting estimates
The OBX index will be reweighted at the close on Friday 21 December, effective from 27 December. Trading turnover data provides a strong indicator on the likely constituents, but subjective criteria mean there is still some uncertainty. We believe that NEL and BW Offshore will enter the index, replacing Norwegian Financial Holding and REC Silicon. The constituents are due to be confirmed before the market opens on 11 December, providing nine trading days before the changes become effective.
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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