| |
| |
20 February 2000
TASE to Open New High-Tech List
(Communicated by Tel Aviv Stock Exchange Spokesman)
The TASE Directorate Thursday, 18.2.2000, approved the list of
companies that will comprise the new "Tal-Tech" - Tel Aviv technology
index.
The new index will open on 2 April 2000 and will operate according to
market value, similar to the other indices. Tal-Tech will include
high technology companies in the fields of electronics, computers,
life sciences and venture capital funds. A survey conducted by TASE
showed that in 1999, Tal-tech stocks earned a return of 160%,
compared to 62% on the TA-100 and 73% on the others index.
The minimum value of a new listing on Tal-Tech will be NIS 40 million
and the maximum weight of a single share will be limited to 6% so as
to reduce the affect of the 'heavy' stocks on the index. The new list
will increase the exposure of high technology companies to the public
and can be used as a benchmark for investors and portfolio and funds
managers.
|
|
| |