Singapore Exchange will be launching the SGX MSCI Asia APEX 50 Index futures on
21 May 2008, 10.00am. The underlying index captures the performance of the 50 largest
and most liquid stocks in the Asia ex-Japan region covering China (H-shares and Red Chips), Korea, Hong Kong, Taiwan and Singapore.
Source: SGX, 18.05.2008
BMV (Bolsa Mexican de Valores) announced the launch of IMeBZ (Indice Mexico Brazil) composed of the top 20 prestigouse Mexican and Brazilen companies. Currently BMV only provides the valuation, which as of May 8th has a 6.94% growth since January 1, 2008.
The IMeBz index is based on prices of 10 companies from each country that are among the most-traded and have the highest market capitalization, Zorrilla said in an interview in Mexico City. The exchange is now providing an end-of-day quote for the index, and will add intra-day pricing shortly, he said.
The Mexican exchange is seeking to take advantage of the gains in the two countries’ stock exchanges, the best-performing this year among Latin America’s five largest markets. The benchmark indexes of the two bourses have advanced more than 6 percent each, compared with a 4.1 percent decline this year so far for the Standard & Poor’s 500 index of U.S. shares.
“In Latin America, Brazil and Mexico have had a very positive performance, and we feel there’s interest in an index like this,” Zorrilla said. “Soon there could be products based on it.”
The index calculation start date is 31.12.2004 and is composed of the following consitituents (10 Mexican and 10 Brazilian companies) Vale do Rio Doce, Banco Bradesco, Banco Itau, Petroleo Brasileiro, Wal-Mart de México, América Móvil, Cementos Mexicanos, Teléfonos de México, Grupo México, Gerdau, Grupo Televisa, Fomento Económico Mexicano, Grupo Financiero Banorte, Telecomunicacoes de Sao Paulo, Tele Norte Leste Participacoes, Empresas ICA, Corporación Geo, Unibanco-Uniao de Bancos Brasileiros, Brasil Telecom Participacoes y Time Participacoes.
The official listing date is still pending.
Source, Bloomberg, 15.05.2008
The Brazilian clearning and depository corporation (CLBC) and European EuroClear have signed a MOU (Memorandgum Of Understanding) to provide cross training and exchange of improvement of cleaeing and settlement services. For details click here.
CLBC, 14.05.2008
