WIG 20

The WIG 20 ( ger.: Warszawski Indeks Giełdowy, Warsaw Stock Exchange Index ) is the main stock index on the Warsaw Stock Exchange in Poland. In the financial index the most important market capitalization 20 Polish companies are listed. By the end of 2015, the WIG 20 is to be replaced by the WIG30.

Calculation

The WIG 20 is technically a price index. It comprises the 20 largest Polish public companies that are traded on the Warsaw Stock Exchange. The Index will be determined solely on the basis of share prices and adjusted only to income from subscription rights and special. Weighting is next to the market capitalization, even after the stock market value in free float. Corporate actions such as stock splits have no ( distorting ) influence on the index. The calculation is updated every second during the trading hours of 9:00 am bis 17:30 clock clock CET.

The stocks that are available must belong to the most important companies in Poland. Here, the headquarters plays a role as well as other features that sets the index committee. May order to be included in the index, for example, the number of shares shall be not less than 10 percent free float, the market capitalization of the free float must be at least 1 million euros.

Since the WIG 20 constructed as a pure price index and at the same time contains several dividend- yielding stocks as commodity companies KGHM, the true performance of the Polish stock is underestimated it. As an alternative to TIG 20 calculated by the Vienna Stock Exchange, Polish Traded Index ( PTX) is sometimes used, which is limited to 13 values ​​.

The index value of the WIG 20 is calculated using the following formula:

History

20th century

The WIG 20 was launched on 14 April 1994 with a base value of 1,000 points and was until 16 April 1991 ( base value 100 points) back-calculated. On 23 June 1992 the Polish benchmark index marked computationally an all time low with 62.80 points.

On 22 June 1993, the Copenhagen criteria have been adopted in preparation of the EU enlargement on the EU summit in Copenhagen by the European Council. In the following months, the Polish leading index rose rapidly. On August 10, 1993, he overcame with a final score of 518.90 points for the first time calculated the limit of 500 points, on 13 December 1993 with a closing level of 1015.70 points for the first time the 1,000 -point mark. End of 1993, the WIG 20 was calculated higher than a year earlier at 1229.80 points, up by 1,095 percent. No other exchange in the world in 1993 rose so strong. Local speculators and Western investors drove prices to record levels. On 1 March 1994, the index closed at 2004.50 points for the first time above the limit of 2,000 points. On 8 March 1994, the WIG ended 20 trading at 2052.50 points. The profit since its all-time low of June 1992 is 3.168 percent.

However, the powerful boom was followed by a significant drop. Until 23 June 1994, the stock market barometer fell by 65.2 percent to a closing level of 713.30 points. In the following years the WIG 20 remained highly volatile. On August 23, 1994, the WIG 20 closed at 1229.20 points and then to 28 March 1995 at 53.0 per cent to 577.80 points to fall. On 13 February 1997, the stock index stood at 1887.90 points again.

During the Russian crisis, there was a massive outflow of capital, which caused an economic crisis in the country. The first signs of an economic crisis, there had already been in the wake of the turmoil of the Asian financial crisis in the fall of 1997. Due to the crisis, investors had become nervous in Poland and withdrew their money. On 8 October 1998, the WIG 20 to close at 971.30 points. The loss since February 1997 is 48.6 percent. On 10 March 2000, the stock index closed at 2481.80 points, up by 155.5 percent higher.

21st Century

After the bursting of the speculative bubble in the technology sector ( dot-com bubble ), the Polish leading index fell to a low of 990.23 points to 3 October 2001. That was a decline since March 2000 by 60.1 percent. The October 3, 2001 marks the end of the descent. From the autumn of 2001, the WIG 20 began to rise again. On 13 April 2006, the stock market barometer closed at 3023.69 points for the first time over the 3,000 -point mark. On 29 October 2007, the Polish leading index ended trading with 3917.87 points at an all time high. Since the low point in October 2001, the profit amounted to 295.7 percent.

In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, the WIG 20 began to fall again. On 10 October 2008, the index closed at 1991.62 points below the limit of 2,000 points. A new low was achieved by the Index on 17 February 2009, when he finished trading at 1327.64 points. Since October 29, 2007, this represents a decrease of 66.1 percent. It is the biggest downfall in the history of the WIG 20

The February 17, 2009 marks the turning point of the descent. From the spring of 2009, the share index was back on the way up. Until April 28, 2011, he rose by 120.9 percent to a closing level of 2932.62 points. The slowdown in the global economy and the intensification of the euro crisis led to a fall in the Polish leading index. On October 4, 2011, the WIG 20 index ended the day at 2089.84 points. The loss since April 28, 2011 amounted to 28.7 percent.

The announcement of new bond purchase programs of the European Central Bank and the U.S. Federal Reserve in principle unlimited extent led to a recovery of prices in the stock market. The monetary stimulus played a greater role in price formation, as the global economic slowdown and the position of the company. On January 3, 2013, the index closed at 2628.36 points, up by 25.7 per cent as on October 4, 2011.

Highs

The overview shows the all-time highs of TIG 20

Milestones

The table shows the milestones of the WIG 20

Annual development

The table shows the development of the back-calculated to 1991 TIG 20

Composition

The WIG 20 consists of the following companies (as of 16 February 2011).

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