Structure of index MBI10

1. A short history of the MSE Index (MBI10).

Since 01.11.2001 Macedonian Stock Exchange has started the calculation of the Macedonian Stock Exchange Index - MBI, consisted of the five most liquid shares on MSE: Alkaloid AD Skopje, Evropa AD Skopje, Komercijalna banka AD Skopje, Makpetrol AD Skopje and Toplifikacija AD Skopje. MBI was price, non-weighted index, which, as a first stock exchange index in Macedonia has served its function of an aggregate indicator for quantification of the stock exchange movements. After several years of development of MSE, the introduction of a new, weighted index was eligible.

Therefore, since 04.01.2005, the new index MBI10 was introduced, which is a price index weighted with the market capitalization. MBI10 is calculated according to the Methodology for calculation of the Macedonian Stock Exchange Index - MBI10. It is consisted of up to 10 listed ordinary shares, chosen by the Stock Exchange Index Commission, according to the criteria from the Methodology. The Commission performs regular (twice a year) and extraordinary (if extraordinary circumstances occur) revisions to the index.
   
The Stock Exchange Index Commission has decided that the first ten shares-components of MBI10 are: Alkaloid AD Skopje, Toplifikacija AD Skopje, Komercijalna banka AD Skopje, Makpetrol AD Skopje, Fersped AD Skopje, Stopanska banka AD Bitola, Granit AD Skopje, Makedonijaturist AD Skopje, Evropa AD Skopje and Ohridska banka AD Ohrid. Base of the index, valued 1.000, is 30.12.2004.

With the start of the calculation of MBI10, MSE has stopped the calculation of the old index MBI. On the last day of its existence the value of MBI was 1.350,23, which is an increase of 35% compared to the day of its introduction.


2. Composition of the index

 

Index Type

Price index weighted with the free float market capitalization.

Date of Introduction

04.01.2005

Basic Value

1000

Composition

max. 10 ordinary shares

Issuer

Symbol

Total shares

FF Market Capitalisation on the date of revision in EUR (before adjustment)

Weight of last revision

Alkаloid Skopje

ALK

1.431.353

344.137.443 20,00%

Stopanska banka Skopje

STB

17.460.180

18.961.538 4,12%

Grаnit Skopje

GRNT

3.071.377

51.880.359 11,28%

Komercijаlnа bаnkа Skopje

KMB

 2.279.067

281.342.447 20,00%

Mаkpetrol Skopje

MPT

112.382

89.235.475 19,40%

TTK Banka  Skopje

TTK

907.888 12.906.446 2,81%

Makedonski Telekom Skopje

TEL

95.838.780

23.106.474 5,02%

Makedonijaturist Skopje

MTUR

452.247

20.070.362 4,36%

NLB  banka Skopje

TNB

854.061

42.984.055 9,35%

Stopanska banka Bitola

SBT

390.977 16.828.519 3,66%

 

 

 

 

Last regular revision

15.06.2021

Date of implementation 30.06.2021

Next revision

15.12.2021


3. For details about methodology click here…