The Prague Stock Exchange has approved complex changes to the PX-50 index regular-update principles. The index base will now consist of up to 50 share issues, and all SPAD-traded stocks (blue chips) should be included, and other stocks may be included as long as they satisfy two conditions: that they constitute (i) at least a x% share on the combined non-SPAD stock-market capitalization, and (ii) at least a y% share on the combined non-SPAD stock volume in the last 6M. The PSE has indicated that the limit percentages could be close to 0.25%, implying some 25-35 stocks to be included in the PX-50 index base. A final decision is due next week.
(Jan Hajek)