OBX Index

The OBX Index ( Oslo Børs Index ) is the main stock index on the Oslo Stock Exchange in Norway. In the financial index the most important market liquidity by 25 companies in the country are listed.

Calculation

The OBX Index is technically a performance index. It consists of the 25 most traded shares on the Oslo Stock Exchange, where the stock market turnover of vergangegen six months are crucial. The weighting only the freely tradable securities of public companies are taken into account. In the OBX index is assumed that all cash dividends and other income from the ownership of shares as of subscription rights and other related values ​​are reinvested in shares of the index.

The dividends are added to the weighted average price value of the index: If a distribution to investors reduces the share price usually by the amount of dividend. The payments will be the course slammed in again. The calculation is updated every second during the trading hours of 9:00 am bis 17:30 clock clock CET. A revision of the composition of the index is done twice a year, in June and December.

History

20th century

The OBX index was calculated as a price index since January 1, 1987. The index base initially was 200 points. Effective as of April 21, 2006, the Oslo Stock Exchange presented the calculation on a new basis. At the request of many market participants, it determines the points of the OBX index since as a performance index. At the same time, an index was split in a ratio of 4 to 1, the base value of 1987 is 50 points since then. On 20 April 2006, closing at 1382.33 points was calculated for the OBX. The opening price after the split was on 21 April 2006 at 345.58 points.

On 29 December 1989, the Norwegian blue-chip index closed 102.24 points calculated with the first time above the limit of 100 points. On 2 August 1990, the index ended trading at 129.84 points. During the recession of the early 1990s dropped the OBX index until 15 January 1991, closing at 78.33 points. The corresponding Since August 1990 a loss of 39.7 percent. After rising to 26 August 1991 to 104.82 points on the stock index fell over the next 12 months by 49.2 percent. On August 25, 1992, the OBX index ended the day at 53.25 points.

On 24 April 1998, the stock market barometer closing at 192.20 points. The gain since August 1992 is 261.0 percent. In the years 1997 and 1998 occurred in parts of the world financial, monetary and economic crises ( Asian crisis, the Russian crisis, Brazil crisis). Due to the crisis, investors in Norway had become nervous and there was an increased outflow of capital. On 8 October 1998 the OBX index ended the day at 98.64 points. The loss since July 1998 is 48.7 percent.

Over the next three years the stock index returned numerous records. On 24 July 2000, he finished trading for the first time above the limit of 200 points. On 14 September 2000, the OBX index closed at 223.96 points on a record level. The gain since October 1998 is 127.0 percent.

21st Century

After the bursting of the speculative bubble in the technology sector ( dot-com bubble ), the index fell to a low of 94.32 points to 25 February 2003. This was a decline from September 2000 to 57.9 per cent. The February 25, 2003 marks the end of the descent. From the spring of 2003, the OBX index began to rise again. On 30 January 2006, the index closed at 302.25 points for the first time above the limit of 300 points, on 26 April 2007 with 400.79 points for the first time on the 400 -point mark. On 22 May 2008, the Norwegian blue-chip index with a closing level of 462.70 points at an all time high. The increase since February 2003 amounts to 390.6 percent.

In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, the OBX index began to fall again. On 16 October 2008, he graduated with 197.02 points below the 200 -point mark. A new low for the stock index posted on November 21, 2008, when he finished trading with 162.92 points. Since the all-time high of 22 May 2008, this represents a decrease of 64.8 percent. It is the biggest downfall in the history of the OBX index.

The November 21, 2008 marked the turning point of the descent. From the autumn of 2008, the index was back on the way up. Until April 6, 2011, it rose by 157.1 percent to a closing level of 418.90 points. The slowdown in the global economy and the intensification of the euro crisis led to a fall in the index. On 4 October 2011 the OBX index ended trading at 301.03 points. The loss since 6 April 2011 amounted to 28.1 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 September 14, 2012, the index closed at 430.38 points, up by 43.0 per cent as on October 4, 2011.

Highs

The overview shows the all-time highs of the OBX index.

Milestones

The table shows the milestones of the OBX index.

Annual development

The table shows the development of the OBX index since 1986.

Composition

The OBX Index is composed of the following companies (as of: January 3, 2011).

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