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Table 6 Description of Stock Market Benchmark Indices of the Respective Countries

From: Short-term and long-term Interconnectedness of stock returns in Western Europe and the global market

Sl. No Countries Index ticker Name of the index Description of index
1 Austria(AUS) ATX Index The Austrian Traded Index The Austrian Traded Index is a capitalization-weighted index of the most heavily traded stocks on the Vienna Stock Exchange. The equities use free float adjusted shares in the index calculation.
2 Belgium (BEL) BEL20 Index Belgium 20 Index The BEL 20 Index is a modified capitalization-weighted index of the 20 most capitalized and liquid Belgian stocks that are traded on the Brussels Stock Exchange.
3 Britain (BTN) UKX Index FTSE 100 Index The FTSE 100 Index is a capitalization-weighted index of the 100 most highly capitalized companies traded on the London Stock Exchange. The equities use an invisibility weighting in the index calculation.
4 Denmark (DMK KFMX Index Kfmx Copenhagen Share Index The KFMX Index is a capitalization-weighted index which consists of the stocks of the small and medium-sized companies traded on the Copenhagen Stock Exchange.
5 Finland (FIN) HEX Index Helsinki Stock Exchange Gen. Index The Helsinki Stock Exchange General Index (Economic Sector) is a capitalization weighted index consisting of all the stocks traded on the exchange. The HEX Index is broken down using the GICS Classification as of July 1, 2005.
6 France (FRN) CAC Index CAC 40 Index The CAC-40 Index is a narrow-based, modified capitalization-weighted index of 40 companies listed on the Paris Bourse.
7 Germany (GMY) DAX Index German Stock Index The German Stock Index is a total return index of 30 selected German blue chip stocks traded on the Frankfurt Stock Exchange. The equities use free float shares in the index calculation.
8 Greece (GRC) ASE Index Athens Stock Exch. Gen. Index The Athens Stock Exchange General Index is a capitalization-weighted index of Greek stocks listed on the Athens Stock Exchange. The index was developed with a base value of 100 as of December 31, 1980.
9 Ireland (IRL) ISEQ Index Irish Overall Index The ISEQ Overall Index is a capitalization-weighted index of all Official list equities in the Irish Stock Exchange but excludes UK registered companies. The index has a base value of 1000 as of January 4, 1988.
10 Italy (ITL) MIB30 index Milan MIB30 Index The MIB 30 is a capitalization-weighted index of the 30 top Italian companies traded on the Milan Stock Exchange. This index is based on a current market capitalization-weighted methodology.
11 Luxembourg (LXM) LUX XX Luxembourg X Index The Luxembourg (Lux) X Index is a weighted index of the most capitalized (by free- float) and liquid Luxembourg stocks. The index was developed with a base value of 1,000 as of January 4, 1999.
12 Netherlands (NTL) AEX Amsterdam Exchanges Index The AEX-Index is a free-float adjusted market capitalization weighted index of the leading Dutch stocks traded on the Amsterdam Exchange. The index was adjusted to the Dutch Guilder fixing rate.
13 Norway (NRY) OBX OBS Stock Index The OBX Index is a capitalization-weighted index of the largest companies traded on the Oslo Stock Exchange. The equities use free float shares in the index calculation.
14 Portugal (PRT) PSI20 Portugal 20 Index The PSI 20 Index is a capitalization weighted index of the top 20 stocks listed on the Lisbon Stock Exchange. The equities use free float shares in the index calculation.
15 Spain (SPN) IBEX IBEX 35 Index The IBEX 35 is the official index of the Spanish Continuous Market. The index is comprised of the 35 most liquid stocks traded on the Continuous market. It is calculated, supervised and published by the Sociedad de Bolsas.
16 Sweden (SWN) OMX OMX Stockholm 30 Index The OMX Stockholm 30 Index is a capitalization-weighted index of the 30 stocks that have the largest volume of the trading on the Stockholm Stock Exchange. The equities use free float shares in the index calculation.
17 Switzerland (SWZ) SMI Swiss Market Index The Swiss Market Index is a capitalization-weighted index of the 20 largest and most liquid stocks of the SPI universe. It represents about 85% of the free- float market capitalization of the Swiss equity market.
18 World Index (MSCI) MSCI Morgan Stanly Capital Inter. World Index MSCI World Index has been calculated since 1969 with gross dividends reinvestable. It is a stock market Index of 1500 world stocks of both developed and emerging countries.