Etrion Corporation, a solar independent power producer, has announced that the company will be added to the OMX Stockholm Benchmark index effective December 2, 2013.
Marco A. Northland, Etrions Chief Executive Officer, commented, "We are pleased to be selected for the OMX Stockholm Benchmark index, a popular Swedish benchmark index for institutional investors. The addition of Etrion to the index gives us exposure to index-tracking funds and reflects the increased liquidity of our shares in Stockholm."
The OMXSB index includes the 68 largest and most traded stocks across ten sectors. The weighting of the stocks is based on market value adjusted by free float. The index serves as an indicator of the overall trend on NASDAQ OMX Stockholm and is intended to offer a cost effective index that an investor can replicate.
Securities in the index must meet specific eligibility criteria, including a turnover screening. The OMXSB index is evaluated on a semi-annual basis in May and November, and the new index portfolio becomes effective on the first trading day in June and December, respectively.
