The Prague Stock Exchange approved changes to the PX-50 index base, effective as of Monday, July 2. The following issues are to be retired from the base: Lafarge cement, Chlumcanske keramicke zavody, Zapadoceska plynarenska, Jihoceska plynarenska, United Energy, ZVVZ, and Cs. plavba labska. Added to the index will be: Spolana, Teplarny Brno, Prazske sluzby, Jihomoravska energetika, Ivax - CR, Aliachem (2nd issue), and Wienerberger CP.
However, these changes will have only a marginal impact on the index, as the combined market capitalization of the retired issues amounts to approx. 1.4% of the index capitalization, and the issue with the highest capitalization (Lafarge cement) presently occupies 27th position in the PX-50 index in this respect.
(Jan Hájek)