WSE to introduce new, dividend-based indices

Starting from September 18, the Warsaw Stock Exchange will start publishing two new dividend-based indices mWIG40TR and sWIG80TR, the bourse said in a market filing. The new indices will complement the existing WIG20, mWIG40 and sWIG80 indices and will be calculated simultaneously with them. “The rules for calculating and publishing new indexes will be analogous to the rules for the WIG20TR index. The mWIG40 and sWIG80 index portfolio movements will be carried out with the price index changes, and their values will be reported three times during the day: after the first and second fixings, The base date for both new indices will be December 31, 2009 - they will be consistent with the price indices on that day,” WSE said. “We have recently seen that companies of this type increasingly share their profits with shareholders, as evidenced by the growing dividend yield in this issuer segment. The new indexes will be of particular interest to financial institutions, especially issuers of structured products and ETFs, for which new indices may be underlying instruments, "said WSE Deputy President Michał Cieciórski explained.