Warsaw Stock Exchange (WSE) is planning to introduce two indices in March, one of which will form the basis of new futures products this year.
From 24 March, WSE will publish the WIG50 and WIG250 to reflect the diversity range of Warsaw-listed shares, alongside the existing WIG30 index, particular small and medium-sized businesses. Both will also feature historical index values on publication day.
The exchange said it initially planned to announce a WIG100 index, but following feedback from market participants decided to expand the scope to the 250 stocks in the WIG250.
“We will start to publish WIG50 and WIG250 in March 2014. As a result, we will create a new set of exchange indices, including WIG30, which is a better reflection of the market structure and the strong importance of small and medium-sized companies both on the exchange and in the economy,” said Adam Maciejewski, president of the management board of WSE.
“I am certain that this index model based on blue-chip, mid-cap and small-cap stocks will provide investors with an optimal, transparent and reliable structure of classification of WSE listed companies for many years.”
Both indices will be price-based, meaning their value is based on transaction pricing and exclude dividends.
WSE plans to introduce futures contracts based on the WIG50 from 22 December 2014.
As a result of the introduction of WIG50 and WIG250, the sWIG80 and WIG-Plus will not be discontinued after the 21 March trading session, while the mWIG40 will continue to be calculated until 31 December 2015.