On the basis of effective turnover on AEX-Effectenbeurs over the whole of 1995 and 1996 and first seven months of 1997, Vendex International and Baan Company would be brought into the AEX index in February 1998. If this were to happen, Nedlloyd and Gist Brocades would be dropped from the index.
This emerged from the latest indicative selection of AEX issues which Amsterdam Exchanges draws up each month. The AEX index of Amsterdam Exchange's 25 most traded issues is adjusted annually, after the February expiration. The basis for the adjustment is the total effective turnover in individual issues on AEX-Effectenbeurs over the preceding three calendar years.
The present situation differs in one respect form the last indicative selection, published by Amsterdam Exchanges on 8 April 1997. On the basis of data then available, Vendex International and ASM Lithography would have been bought into the index.
There is still a chance that ASM Lithography will make it into the index next year. At the present time ASM Lithography occupies 24th place on the turnover list. If by the end of the year it has moved up to 23rd place, ASM Lithography will have succeeded in becoming part of the AEX index in February 1998.
Over the whole of 1995 and 1996 and the first seven months of 1997, Royal Dutch has been the AEX-Effectenbeurs's most traded issue, with an effective turnover of 175.4bn. second place was held by Philips, at 145.2bn. Third and fourth place were occupied by ING (110.1bn) and Unilever (106.5bn), respectively. ABN AMRO came fifth with an effective turnover of 96.8bn.
The effective turnover is the turnover in shares multiplied by the price at which the deal was done, and is expressed in guilders. Thanks to the sharply rising prices, the effective turnover on AEX-Effectenbeurs has risen strongly in the last few months. In consequence, the effective turnover in recent months has been weighing relatively heavily in determining the indicative list of issues to be included in the AEX index.
For further information contact Lex van Drooge, Amsterdam Exchanges AEX Amsterdam/Public Relations: 00 31 20 550 4540 or Paddy Manning, St James Corporate Communications London: 44 171 436 4101.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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