WSE to introduce new indices
14:07
Starting in January 2017, there will be three new indices on the Warsaw Stock Exchange (the WSE), thanks to changes in the classification of listed companies, according to a press release by the WSE on Friday. Hence, three new sector indices: WSE-drugs, WSE-moto and WSE-fashion, will be created. Additionally, existing indices will be re-classified, so that there are more sectors. For instance, WSE-materials will change its name to WSE-estate and WSE-mining. In total, the new classification will be made up of 38 sectors, and will include new sectors such as cosmetics, clothing, gaming and leasing, in addition to established sectors that include energy and gas.
“This will allow for a better comparative analysis of companies,” said the WSE in the statement. Officials commented that the change is a result of analysis of trading that will be based on consumer services and products. “The new sectoral classification illustrates the changes taking place in the economy. Previously [the WSE] used a division based on the method of production, and now we analyze customers products and services,” said Artur Sierant, President of Notoria Service, an investment company that collects and sells information about registered companies and also monitors financial markets.
