Central European Blue Chip Index

Last updated
CETOP
FoundationJanuary 1, 2001
Operator Budapest Stock Exchange
Exchanges Central Europe
Constituents20
Type Large-cap
Weighting method Free-float capitalization-weighted
Website CETOP

The Central European Blue Chip Index (CETOP) is a stock market index which reflects the performance of the companies with the biggest market value and turnover in the Central European region. [1]

Contents

The aim of the CETOP index is to serve as a benchmark for the portfolio managers who invest in the region. Blue chip equities of the Central European region are included in the index basket selected on the basis of global ranking, taking into account that a maximum of 7 securities from one stock exchange may be simultaneously included in the index. The index is reviewed twice a year, in March and September. [1] [2]

The eligible securities are those shares that are listed on at least one of the following Exchanges: [1]

Components

The Budapest Stock Exchange Budapest Szabadsag-ter Bank Center 0853.jpg
The Budapest Stock Exchange
The Prague Stock Exchange Praha, Stare mesto, Burzovni palac.jpg
The Prague Stock Exchange
The Warsaw Stock Exchange Warsaw8gh.jpg
The Warsaw Stock Exchange
Index composition of CETOP as of March 2024 [3]
CountryCompanyIndex weighting (%)
Flag of Poland.svg PKN Orlen 6.54
Flag of Poland.svg PKO BP 7.14
Flag of Poland.svg Dino Polska 5.27
Flag of Poland.svg Bank Pekao 5.61
Flag of Poland.svg PZU 6.01
Flag of Hungary.svg OTP Bank 9.80
Flag of Poland.svg Allegro 4.35
Flag of Poland.svg LPP 5.36
Flag of the Czech Republic.svg CEZ 6.66
Flag of Austria.svg Erste Group 10.09
Flag of Romania.svg Hidroelectrica 3.04
Flag of the Czech Republic.svg Komerční banka 3.23
Flag of Hungary.svg MOL 5.00
Flag of Hungary.svg Richter Gedeon 4.23
Flag of Romania.svg OMV Petrom 2.36
Flag of Romania.svg Banca Transilvania 4.11
Flag of Romania.svg Romgaz 1.53
Flag of Slovenia.svg KRKA 3.87
Flag of the Czech Republic.svg Moneta Money Bank 1.38
Flag of Romania.svg BRD Groupe SG 1.24
Flag of Austria.svg Vienna Insurance Group 1.26
Flag of Romania.svg Nuclearelectrica 0.67
Flag of Croatia.svg Hrvatski Telekom 1.15

See also

Related Research Articles

<span class="mw-page-title-main">Economy of the Czech Republic</span>

The economy of the Czech Republic is a developed export-oriented social market economy based in services, manufacturing, and innovation that maintains a high-income welfare state and the European social model. The Czech Republic participates in the European Single Market as a member of the European Union, and is therefore a part of the economy of the European Union. It uses its own currency, the Czech koruna, instead of the euro. It is a member of the Organisation for Economic Co-operation and Development (OECD). The Czech Republic ranks 16th in inequality-adjusted human development and 24th in World Bank Human Capital Index, ahead of countries such as the United States, the United Kingdom or France. It was described by The Guardian as "one of Europe's most flourishing economies".

<span class="mw-page-title-main">Economy of Hungary</span>

The economy of Hungary is a high-income mixed economy, ranked as the 9th most complex economy according to the Economic Complexity Index. Hungary is a member of the Organisation for Economic Co-operation and Development (OECD) with a very high human development index and a skilled labour force, with the 22nd lowest income inequality by Gini index in the world. The Hungarian economy is the 53rd-largest economy in the world with $265.037 billion annual output, and ranks 41st in the world in terms of GDP per capita measured by purchasing power parity. Hungary has an export-oriented market economy with a heavy emphasis on foreign trade; thus the country is the 35th largest export economy in the world. The country had more than $100 billion of exports in 2015, with a high trade surplus of $9.003 billion, of which 79% went to the European Union (EU) and 21% was extra-EU trade. Hungary's productive capacity is more than 80% privately owned, with 39.1% overall taxation, which funds the country's welfare economy. On the expenditure side, household consumption is the main component of GDP and accounts for 50% of its total, followed by gross fixed capital formation with 22% and government expenditure with 20%.

<span class="mw-page-title-main">Tel Aviv Stock Exchange</span> Stock exchange located in Tel Aviv, Israel

The Tel Aviv Stock Exchange, colloquially known as The Bursa, is the only public stock exchange in Israel and a public company itself, listed on its own exchange since August 1, 2019. It is regulated by the Securities Law (1968) and is under the direct supervision of the Israel Securities Authority (ISA).

<span class="mw-page-title-main">BUX</span> Hungarian stock market index

BUX is a blue chip stock market index consisting up to 25 major Hungarian companies trading on the Budapest Stock Exchange. Prices are taken from the electronic Xetra trading system. According to the operator Budapest Stock Exchange, the BUX measures the performance of the Equities Prime Market's 12 to 25 largest Hungarian companies in terms of order book volume and market capitalization. It is the equivalent of the Dow Jones Industrial Average and DAX, the index shows the average price changing of the shares with the biggest market value and turnover in the equity section. Hereby this is the most important index number of the exchange trends.

<span class="mw-page-title-main">Bucharest Stock Exchange</span> Stock exchange in Romania

The Bucharest Stock Exchange is the stock exchange of Romania located in Bucharest. In 2023, the BVB's market capitalization increased by 52.7% to $64.9 billion. As of 2023, there were 85 companies listed on the BVB.

<span class="mw-page-title-main">Budapest Stock Exchange</span> Stock exchange in Budapest, Hungary

Budapest Stock Exchange(BSE) (Hungarian: Budapesti Értéktőzsde (BÉT)) is the third largest stock exchange in Central and Eastern Europe by market capitalization and liquidity. It is located at 55 Krisztina Boulevard, Budapest, Hungary, in the Buda Centre of the Hungarian National Bank Previously, from 1864, during the Austro-Hungarian Empire it was located in the Budapest Stock Exchange Palace building, until a large trading floor was necessary. The exchange is controlled by listed issuers, by Hungarian private investors and by the central bank. The BSE is member of the World Federation of Exchanges and the Federation of European Securities Exchanges.

<span class="mw-page-title-main">Casablanca Stock Exchange</span> Stock exchange in Casablanca, Morocco

The Casablanca Stock Exchange is a stock exchange in Casablanca, Morocco. The Casablanca Stock Exchange (CSE), which achieves one of the best performances in the region of the Middle East and North Africa (MENA), is Africa's third largest stock market after Johannesburg Stock Exchange and Nigerian Stock Exchange in Lagos. It was established in 1929 and currently has 19 members and 81 listed securities with a total market capitalisation of $71.1 billion in 2018.

<span class="mw-page-title-main">Wiener Börse</span> Stock exchange located in Vienna, Austria

The Wiener Börse AG is a bourse situated in Vienna, Austria. The exchange owns and operates the Prague Stock Exchange, and holds stakes in energy exchanges and clearing houses. It provides market infrastructure to other exchanges in Central, Eastern, and Southeastern Europe, and collects and distributes stock market data and calculates the most important indices of the region. The Austrian Traded Index (ATX), the leading index of Wiener Börse, tracks the price of its blue chips in real time. The ATX composition is updated every March and September, mainly based on a stock's capitalized free float and trading volumes. The Vienna Stock Exchange also maintains a market for fixed income securities, with more than 13,000 active bonds from 38 countries and a total volume of €720bn as at May 2023.

The BUMIX is a stock market index composed of 12 to 25 small and medium-sized companies listed on Budapest Stock Exchange.

The Kazakhstan Stock Exchange is a stock exchange located in Almaty, Kazakhstan. The exchange was founded in 1993.

Ljubljana Stock Exchange or LJSE is a stock exchange located in Ljubljana, Slovenia. It is Slovenia's only stock exchange. The exchange trades shares of Slovenian companies, as well as bonds and commercial papers. The only stockholder of the Ljubljana Stock Exchange is Zagreb Stock Exchange.

<span class="mw-page-title-main">PFTS index</span>

PFTS index is a benchmark index of PFTS Ukraine Stock Exchange, Ukraine's leading bourse. Beside PFTS Index, there are also the UX Index of the Ukrainian Exchange and the Ukrainian Average Index 50 (UAI-50) being composed by analysts of internet-publisher fundmarket.ua.

The Ukrainian Exchange was founded in 15 May 2008 and its operation premises are situated at 7g, Tropinina Street, Kyiv.

Attila Szalay-Berzeviczy is a Hungarian economist and global head of Global Securities Services at UniCredit Group in Milan. He is the president of the Budapest Olympic Movement civil association and co-chairman of the Hungarian Fencing Federation.

<span class="mw-page-title-main">András Simor</span> Hungarian economist (born 1954)

András Simor is a Hungarian economist, who served as governor of the Hungarian National Bank (MNB) from 2007 to 2013. He was replaced by György Matolcsy.

<span class="mw-page-title-main">Japan Exchange Group</span> Japanese financial instruments exchange holding company and its corporate group

Japan Exchange Group, Inc., abbreviated as JPX or Nippon Torihikijo, is a Japanese financial services company headquartered in Tokyo and Osaka. It is a "financial instruments exchange holding company" subject to the regulations of the Financial Instruments and Exchange Act enforced by the Financial Services Agency. It is also monitored by a separate self-regulatory body called Japan Exchange Regulation (JPX-R), dedicated to ensuring neutral and effective self-regulation operations defined under the Financial Instruments and Exchange Act.

CIG Pannonia Life Insurance Plc. is a Hungarian multinational financial services company headquartered in Budapest. Its core business and focus is life and non-life insurance. At present, CIG Pannonia is engaged in the life insurance business in Hungary, Romania and Slovakia.

The 2015-2016 Chinese stock market turbulence began with the popping of a stock market bubble on 12 June 2015 and ended in early February 2016. A third of the value of A-shares on the Shanghai Stock Exchange was lost within one month of the event. Major aftershocks occurred around 27 July and 24 August's "Black Monday". By 8–9 July 2015, the Shanghai stock market had fallen 30 percent over three weeks as 1,400 companies, or more than half listed, filed for a trading halt in an attempt to prevent further losses. Values of Chinese stock markets continued to drop despite efforts by the government to reduce the fall. After three stable weeks the Shanghai index fell again by 8.48 percent on 24 August, marking the largest fall since 2007.

Opus Global is a Hungarian industrial conglomerate and asset management company, headquartered in Budapest, Hungary. Opus Global's subsidiaries play a significant role in Hungary's strategically important industries.

References

  1. 1 2 3 "CETOP indices". Bet site. Retrieved 2024-08-30.
  2. "Lekörözte a CETOP a BUX indexet". Világgazdaság (in Hungarian). Retrieved 2019-02-15.
  3. "Index baskets". Bet site. Retrieved 2019-11-22.