OMX Copenhagen 20
The OMX Copenhagen 20 (formerly Københavns Fondsbørs index KFX ) is a share index of the Scandinavian OMX and is composed of the 20 largest companies in the Copenhagen Stock Exchange. He is regarded as the most important Danish stock market index.
Calculation
The OMX Copenhagen 20 is a price index, in which the 20 largest and most liquid stocks on the OMX Copenhagen Stock Exchange are listed. Be determined, the shares depending on the market capitalization, for inclusion in the index itself, a high value is also placed on the trading liquidity. When calculating a limited measurement period is considered and the individual values are calculated in Danish kroner. Base are the bid prices.
The Index will be determined solely on the basis of share prices and adjusted only to income from subscription rights and special. Corporate actions such as stock splits have no ( distorting ) influence on the index. The calculation is updated every second while the OMX trading from 9:00 bis 17:00 clock clock CET. A revision of the composition of the index is done twice a year (June and December).
The export-oriented enterprises play a prominent role in the leading index OMX Copenhagen 20. Heavyweights are here, for example, the shipyard AP Møller- Mærsk, the pharmaceutical manufacturer Novo Nordisk or the world's leading wind turbine manufacturer Vestas. In addition to these industrial enterprises only has the Danske Bank on an outstanding weight. In Germany especially the securities sector (eg ABN AMRO ) uses the OMXC 20 as a benchmark for their investment products.
History
Historical Overview
The index was launched on July 3, 1989 under the name Københavns Fondsbørs Index ( KFX ) with a base value of 100 points. The back-calculation was performed on a monthly basis until 1922.
On 5 December 1997, the KFX finished with 200.92 points for the first time above the limit of 200 points and on 21 March 2000 with 300.20 points for the first time on the 300 -point mark. On 24 October 2000, the index reached a record high, closing at 354.08 points. After the bursting of the speculative bubble in the technology sector ( dot-com bubble ), the Danish blue-chip index fell to a low of 169.04 points to 12 March 2003. That was a decline since March 2000 by 52.3 percent. March 12, 2003 marks the end of the descent. From the spring of 2003, the KFX began to rise again.
In January 2005, the Scandinavian community OMX took on the Copenhagen Stock Exchange. To reflect this change was renamed the 20 Københavns Fondsbørs index OMX Copenhagen.
On 2 February 2006, the stock market barometer finished with 400.55 points for the first time the trade over the limit of 400 points, on 23 May 2007 with 501.74 points for the first time on the 500 -point mark. On 11 October 2007, the Danish blue-chip index closed at 517.67 points. The increase since March 2003 is 206.2 percent.
In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, the OMX index began to fall again. On 8 October 2008, he graduated with 292.82 points below the 300 -point mark. A new low for the stock index posted on March 6, 2009, when he finished trading with 213.11 points. Since the all-time high on 11 October 2007, this represents a decrease of 58.8 percent. It is the biggest downfall in the history of the OMX Copenhagen 20
The March 6, 2009 marked the turning point of the descent. From the spring of 2009, the Danish blue-chip index was back on the way up. Until 18 January 2011, he rose by 122.9 percent to a closing level of 475.02 points. The slowdown in the global economy and the intensification of the euro crisis led to a fall in the index. On 25 August 2011, the OMX Copenhagen ended 20 trading at 335.10 points. The loss since January 18, 2011 amounts to 29.5 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 11, 2013, the index marked with a final score of 523.48 points, an all time high. The gain since August 25, 2011 was 56.2 percent.
Highs
The overview shows the all-time highs of the OMX Copenhagen 20
Milestones
The table shows the milestones of the OMX Copenhagen 20
Annual development
The table shows the development of the back-calculated to 1922 OMX Copenhagen 20
Composition
The OMX Copenhagen 20 is composed of the following companies (as of 20 December 2010).