The Vienna Stock Exchange is expanding its index offering with three new theme indices focusing on the Central and Eastern Europe (CEE) region.
The exchange writes that the new benchmarks have been calculated since last Friday and cover the currently trending sectors of digitalisation, security and reconstruction:
“CECE UA Reconstruction: The reconstruction of Ukraine, after what we hope will be a swift end to the war, will cost hundreds of billions of euros. Companies operating in the basic industries, industrial goods & services, telecommunications, utilities and finance sectors in Eastern Europe will be increasingly involved due to existing economic interdependencies. The 19-stock index comprises mainly Polish companies and five Austrian members: Erste Group, RBI, wienerberger, STRABAG and PORR.
“CECE AI Infrastructure: The expansion of artificial intelligence (AI) requires significant investment in energy generation, data networks and data centres. The index includes AI companies and infrastructure providers from the technology, telecommunications and utilities sectors. Among these are the energy suppliers ČEZ (Czech Republic) and VERBUND, the Polish software company Asseco, Telekom Austria and Styrian circuit board manufacturer AT&S. The CECE AI Infrastructure comprises a total of 18 stocks.
“CECE Defence: Rising defence spending is bolstering Europe’s security industry. CECE Defence comprises 14 companies from the CEE region that are located along the value chain in the defence sector. These include, for example, the aluminium specialists Grupa Kęty from Poland and AMAG Austria Metall, the domestic information systems provider Frequentis, the drone manufacturer Primoco UAV and the weapons and ammunition manufacturer Colt CZ – both headquartered in the Czech Republic.”
The exchange writes that these indices each comprise the largest and most liquid companies in the respective field. Those companies with the largest free float capitalisation have the highest weighting in the index, with the maximum weighting per index member limited to 20 per cent. The composition is reviewed in March and September.
