Copenhagen, December 05, 2017 — Nasdaq (Nasdaq: NDAQ ) announced today that OMX Copenhagen 25 (OMXC25) is the new leading index for the Nasdaq Copenhagen exchange beginning Monday December 18. The C25 is a capped index of the 25 most traded shares in the Danish market with the largest free float adjusted market capitalization. The C25 will replace the C20CAP (OMXC20CAP) as Nasdaq’s leading index for the Danish market when the new portfolio selection becomes active on Monday December 18.
Nikolaj Kosakewitsch, President of the Nasdaq Copenhagen exchange, Vice President of Nasdaq Nordic Equities and Derivatives said: “A bigger market requires a bigger index. In five years the listed market capitalization on Nasdaq’s Danish main market has more than doubled from DKK 1,300 billion to DKK 2,900 billion, the number of listed large cap shares has increased from 24 to 42, and liquidity measured in turnover has doubled from DKK 2.4 billion in average daily turnover to DKK 5.8 billion. This calls for a fundamental change in order to maintain a truly representative and tradable index.”
Bigger index, better balance
The addition of five new index constituent shares will ensure a more balanced index, which more accurately will represent the movement of the market and minimize single stock or single sector impact. This will improve the bellwether function of the flagship index.
Bjørn Sibbern, Executive Vice President of Nasdaq Global Information Services said: “When people ask how the markets are doing, they turn to our leading indexes for answers. The Danish leading index is an important bellwether for the Danish equity market and a valuable flagship for Nasdaq in Denmark. Leading indexes are also important tools for investment products, which will now have broader sector coverage while retaining the intrinsic value of a defensive index.”
With the switch the C25 index future will become the new leading index future just as Exchange Traded Products and Danish Investment Funds should refer to the C25 if issuers seek to reference the largest and most liquid Danish shares.
To learn more go to Nasdaq MarketInsite
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Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $12 trillion. To learn more, visit: http://business.nasdaq.com
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.
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The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
| Media Relations Contact: + Javier Lopez Garrido + +45 51 71 45 71 + javier.lopez@nasdaq.com |
