Actelion to join the SMI (Swiss Market Index)

10-Jul-2008

Actelion Ltd announced that the Management Committee of the SWX Swiss Exchange has decided to add Actelion shares to the Swiss Market Index SMI®. Actelion shares will trade for the first time as part of the SMI on Monday, 22nd September 2008, when the SMI basket adjustment will take place.

As a blue-chip index, the SMI is Switzerland's key equity index. It represents about 85% of the free-float capitalization of the Swiss equity market. The SMI comprises the 20 largest and most liquid equities of the SPI® (Swiss Performance Index®). Since the SMI is considered to be a mirror of the overall Swiss stock market, it is used as the underlying index for numerous derivative financial instruments such as options, futures and index funds (e.g. ETFs).

Other news from the department business & finance

Most read news

More news from our other portals

Fighting cancer: latest developments and advances