As of July 1 CME will be included with a weight of 4.98% in the PX-50 index and 3.72% in the PX-D. At the same time the PSE will perform its regular update of the indices.
PX 50 rebalancing as of July 1 (only main blue chips reported)
new weight (%) old weight (%)
Erste Bank 20.00 19.95
CEZ 20.00 24.62
Cesky Telecom 20.00 18.77
Komercni banka 15.93 14.76
CME 4.98 -
Philip Morris 4.64 4.14
Zentiva 4.57 4.28
Unipetrol 3.59 3.34
Orco 1.00 0.79
Others 5.29 9.35
Separately, CME’s CEO Michael Garin said in an interview for the Hospodarske noviny daily that media companies have potential for growth in Eastern Europe, not only due to rising disposable income but also the inflow of new advertisers, e.g. credit cards, PCs, etc. Garin added that the profitability of TV Nova in the Czech Republic is sustainable indefinitely, as TV revenues can rise even when audience share falls Note that TV Nova’s EBITDA margin reached 48% in 2004.