SEE Link, a regional securities trading platform established by the Bulgarian, Macedonian and Croatian stock exchanges, on Friday started to calculate its first two blue chip indices, SEELinX and SEELinX EWI, with a view to increasing the attractiveness of regional capital markets, the Zagreb Stock Exchange said.
The indices are composed of the ten most liquid companies listed on the three stock exchanges: five from Croatia, three from Bulgaria and two from Macedonia.
Both indices have the same constituents and include the following companies: Advance Terrafund REIT-Sofia, Sopharma AD-Sofia and Monbat AD-Sofia from Bulgaria; Atlantic Grupa d.d., Ericsson Nikola Tesla d.d., Hrvatski telekom d.d., Podravka d.d. and Valamar Riviera d.d. from Croatia; and Komercijalna banka AD Skopje and Alkaloid AD Skopje from Macedonia.
The SEE LinX index is based on free-float market capitalisation, while the SEE LinX EWI is an equal weight index in which all stocks are equally represented. The base value of both indices is 100 points and the value of the indices will be calculated in real time in euros.
The SEE Link indices are expected to enhance the visibility and transparency of regional capital markets, make it easier for investors to monitor equity price movements and facilitate decision making.
SEE Link became fully operational on March 29. It should help integrate regional capital markets with a combined equity market capitalisation of USD 30 billion in nearly 400 stocks listed on the three participating bourses. It also aims to increase liquidity and improve access for investors and local brokers.