The Chittagong Stock Exchange (CSE) is set to introduce a new Index for its Small Capital Platform namely “CSE SME INDEX”.
The CSE in addition to its existing five major indices and 18 sectoral indices has introduced a new index for its Small Capital Platform namely “CSE SME INDEX”.
The new index is going to be live on Sunday (October 3), taking the price of the first trading day of the new five companies beginning today (Thursday) with one existing company in the CSE Small Capital Platform, said a press release on Wednesday.
The five SME companies that will make debut trading today on the CSE SME Platform are Master Feed Agrotec, Oryza Agro Industries, Bengal Biscuits, Apex Weaving & Finishing Mills, and Wonderland Toys.
The CSE has already inaugurated its Small Capital Platform through debut trading of Nialco Alloys on June 10, this year.
Nialco Alloys, which raised Tk 75 million through qualified investors' offers, was the country’s first SME listed on the stock market.
This index will be a free-float-based index. Starting date of the SME Index will be on Thursday with base points of 1000.
The short name of the Index will be “CSESMEX”, new issues will be added as per regular index practices.
The CSE Index Advisory Committee will review the index – its criteria, performance, and calculation method after every six months.