08.16.2021

Euronext Adjusts Portuguese Benchmark National Index

08.16.2021
Shanny Basar
Euronext Adjusts Portuguese Benchmark National Index

Euronext announced that the name of the Portuguese benchmark national index will change from the PSI 20® to the PSI®. The index methodology will also be adjusted in order to improve the liquidity and efficiency of the index and to better meet index users’ needs.

The adjustments to the PSI index methodology will include determining a minimum size for companies to enter the index at the time of the quarterly and annual reviews (free float market capitalisation of EUR 100 million) and removing the requirement for a minimum number of constituents.

These modifications are the result of an extensive public consultation process that was open to stakeholders including Portuguese and international users of the index, and which was carried out with the objective of determining the best outcome for all market participants and stakeholders.

The new name and changes to the methodology are designed to increase the attractiveness of the index, by improving its quality and consequently the confidence of its users. The PSI will continue to act as the benchmark measure of the performance of the leading companies listed on the Portuguese market.

The new rules and designation will be effective from March 2022, on the occasion of the annual index review.

Source: Euronext

Related articles

  1. $63.8bn of shares were executed in the Closing Cross in 2.04 seconds in Russell's annual reconstitution.

  2. Auerbach Grayson Launches U.S. Equities Trading Business
    Daily Email Feature

    FTX US Boosts Equities Business

    The US regulated cryptocurrency exchange has acquired Embed Clearing.

  3. Bats IPO Boosts Exchange Competition

    FESE members have been developing and publishing their playbooks on outage protocols.

  4. Equity, Fixed Income ETFs See Inflows

    EFAMA said concerns about rising inflation and monetary policy hit bond funds in the first quarter.

  5. MFA analysis shows that shorting carbon-heavy stocks is an effective mechanism to hedge climate risk.