CEZ and Komercni banka will be added to STOXX Europe 600. These stocks will be historically first Czech representatives in the European stock index. To rebalance occurs the third Friday in September, specifically 20 September, after the close of trading, with effect from Monday, the 23rd September.
"The news could be for both stocks short-term positive regarding liquidity and price increase" Patria Direct analyst Tomáš Tomčány said.
News on prospective inclusion of both titles into Stoxx Europe 600 was published yesterday afternoon by Bloomberg, citing a report by Société Générale analysts.
The Stoxx 600 index will newly include shares of Vestas Wind, ICA Gruppen, Ocado, Evonik, Azimut, Berendsen, BBA Aviation, Genel Energy, Intrum Justitia and Kingspan. On the contrary, stocks Banco Popolare di Milano, Allreal, Tecnicas Reunidas, Salzgitter, Maurel et Prom, Oriflame Cosmetics, Verbund, Thrombogenics, Mobimo, Raiffeisen Bank, Eurocommercial Properties and Acciona will be excluded from index.