Euronext Paris offers 68 FTSE sector classes
Euronext Paris is launching 68 new sector indices based on the FTSE sector classification system. The new indices will replace the former economic segmentation of the SBF250 index, the bourse says.
The bourse says the FTSE classification system was comprehensive and precise, and enabled comparison of companies within sectors and sub-sectors, as well as across national borders.
The 10 economic groups, 39 industrial sectors and 102 industrial sub-sectors which constitute the FTSE classification would be represented by 10, 27 and 31 sector indices, respectively, says Euronext Paris.
Sector indices have been created where there is either a minimum of five companies in that index or the market capitalisation of the companies making up the index is more than one per cent of the total capitalisation of companies listed on Euronext Paris.
Since the beginning of the year, all stocks listed on Euronext Paris – on the Premier Marche, Second Marche, Nouveau Marche as well as the unregulated Marche Libre – have been classified according to the FTSE system, the bourse says.
The new indices will be calculated daily and will have historical data for the last three years. Comprehensive information on the indices will appear on the Euronext Paris website – www.euronext.fr – under markets /key indicators/sectoral indices.