Cairo – Eco – Fady Labib
: The Egyptian Stock Exchange will launch next Sunday a new index EGX70 EWI of
equal weights, an indicator that measures the performance of the best 70
companies in the Egyptian Stock Exchange in terms of liquidity and activity
value after excluding the constituent companies of the EGX30 index ...
and the
abolition of the current index EGX70, and in line with the best international
practices in the field of managing market indicators Securities .
The new index, which is
considered a substitute for the EGX70 index starting from January 2, 2008, was
calculated with a value of 1000 points. Each company listed on the EGX 70 EWI
index gets the same relative weight, which is about 1.43% in the first days of
the periodic review.
For his part, Mohamed
Farid, head of the Egyptian Stock Exchange, said that the methodology for
calculating the new index is one of the approaches followed by many
international institutions that issue indicators that reflect the performance
of companies that make up the index in a more expressive form of their price
performance.
In January 2020, the
stock exchange completed a comprehensive development process for all sectoral
indicators, in light of the extensive structure it conducted on all sectors,
and the reclassification and placement of listed companies. The review and
development process ended with the issuance of 17 sectoral indicators instead
of 12 before structuring the sectors, where a new New sectoral indicators, the
most important of which is an indicator for the educational services sector,
transport and freight services, and the Stock Exchange management aims to
develop sectoral indicators to help all dealers in measuring the price
performance of companies affiliated to each sector in order to create a large
amount of equal opportunities between companies operating in the same
publication .
No comments:
Post a Comment