voestalpine is eliminated from the ATX Five » Leadersnet

There was little commotion at the Vienna Stock Exchange on Tuesday evening. Routine revision of Austrian stock indices led to a change in the composition of the ATX Five and new free-floating factors for two Austrian stocks. However, the composition of the national ATX index (20 companies) remains unchanged.

Andritz instead of voestalpine; Changes in free float factors

Specifically, Andritz AG will be included in the ATX Five rather than voestalpine AG due to the higher free-float capitalization.

In addition, the free float factor of S Immo AG decreases according to investment reports (stock increase by CPI Ppoperty Group SA – Leadercent mentioned) from 0.6 to 0.3. At Flughafen Wien AG, the free float factor decreased from 0.2 to 0.1 following the acquisition of Airport Group Europe S.à rl. The free float factor expresses the number of shares of a company circulating among the public and affects how much the stock is weighted in the index.

As of March 19; How does the account work?

According to the Vienna Stock Exchange, the mentioned changes will come into effect on September 19, 2022. The composition of Austrian indices will then be revised again in March 2023, which are already free-floating factors on December 6, 2022.

The calculation of ATX is based on a quantitative method defined in a set of rules. According to the Austrian Indices Guidelines for the Vienna Stock Exchange, companies can be listed or removed from ATX as part of the semi-annual review and adjustment (March and September). The average daily turnover and free stock capitalization of companies serve as the basis for deciding whether to include it in the index or not. Account parameters (number of shares, free trade factors, representation factors) are checked every three months (March, June, September and December).

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