The index will comprise 127 stocks, after four inclusions and four exclusions
The Indice General de la Bolsa de Madrid (IGBM) Management Committee has decided, in accordance with the technical provisions for the composition, calculation and sectoral division of the IGBM index family, to approve the composition of the IGBM and Indice Total indices for the first half of 2019.
Having considered the data relating to trading and capitalisation, four stocks will be included in the index while another four will be excluded. The IGBM composition for the first half of 2019 will therefore have 127 constituents.
The Committee has also proposed the reorganisation of sectors in which the Financial and Real Estate Sector index is split into two: the Financial Services Sector index and the Real Estate Services Sector. According to this proposal, the new Financial Sector Index will have 4 subsector indexes: Banks and Savings Banks, Insurance, Portfolio and Holding Companies, and Investment Services. Meanwhile, the Real Estate Services Sector will have 2 sub-sector indices: Real Estate and others and REITs.
The summary of inclusions and exclusions is as follows:
INCLUSIONS:
Amrest Holdings, as a newly listed stock admitted to trading on November 21, 2018. It is included in the Consumer Services Sector and Leisure, Tourism and Catering Subsector.
Arima Real Estate Socimi, as a newly listed stock admitted to trading on October 23, 2018. It is included in the Real Estate Services Sector, and REITS Subsector.
Berkeley Energia Limited, as a newly listed stock admitted to trading on July 18, 2018. It is included in the Basic Materials, Industry and Construction sector, and Minerals, Metals and Metallic Products Transformation Subsector.
Solarpack Corporación Tecnológica, as a newly listed stock admitted to trading on December 5, 2018. It is included in the Oil and Energy Sector and Renewable Energy Subsector.
EXCLUSIONS:
Abertis Infraestructuras, having been delisted on August 6, 2018, after a takeover bid by Hochtief AG.
Adveo Group International, suspended from trading by the Spanish stock market supervisor, CNMV, on November 14, 2018, as a result of the refinancing process and the adoption of the protection mechanism contained in article 5bis of Law 22/2003.
Borges Agricultural & Industrial Nuts, the company having failed to comply with the criteria.
Papeles y Cartones de Europa, as a consequence of the public offering for its shares tendered by DS Smith Plc. whose objective is to delist the shares from the Spanish Stock Exchanges.
Final weightings by sectors, subsectors and stocks will be published on the Madrid Stock Exchange’s Official Daily Bulletin of 31st December 2018.
Annexe
IGBM INDEX NEW COMPOSITION FOR THE FIRST HALF 2019
SECTOR: OIL AND POWER
SUBSECTOR: OIL
Repsol
SUBSECTOR: POWER AND GAS
Endesa
Enagas
Naturgy Energy Group
Iberdrola
Red Eléctrica Corporación
SUBSECTOR: RENEWABLES
Audax Renovables
Solaria Energías y Medio ambiente
Solarpack
SECTOR: BASIC MATERIALS, INDUSTRY AND CONSTRUCTION
SUBSECTOR MINERALS, METALS AND PROCESSING OF METAL PRODUCTS
Acerinox
Arcelor Mittal
Berkeley Energia Limited
Cie Automotive
Lingotes especiales
Tubos Reunidos
Tubacex
SUBSECTOR: MANUFACTURING AND ASSEMBLY OF CONSUMER GOODS
Azkoyen
Construcciones y Auxiliar de Ferrocarriles (CAF)
Elecnor
Gestamp Automoción
Nicolás Correa
Siemens Gamesa Renewable Energy (SGRE)
Talgo
Zardoya Otis
SUBSECTOR: CONSTRUCTION
ACS Actividades Construcciones y Servicios
Acciona
Fomento de Construcciones y Contratas (FCC)
Ferrovial
Grupo Empresarial San José
Obrascon Huarte Lain
Sacyr
SUBSECTOR: BUILDING MATERIALS
Corporación Empresarial de Mat. de Const. (COEMAC)
SUBSECTOR: CHEMICAL INDUSTRY
Ercros
SUBSECTOR: ENGINEERING AND OTHERS
Abengoa A stock
Abengoa B stock
Artificial Intelligence Structures (previosly called Inypsa Informes y Proyectos)
Applus Services
Duro Felguera
Fluidra
General de Alquiler de Maquinaria
Técnicas Reunidas
SUBSECTOR: AEROSPACE
Airbus Group
SECTOR: CONSUMER GOODS
SUBSECTOR: FOOD AND BEVERAGES
Barón de Ley
Bodegas Riojanas
Coca Cola European Partners (CCEP)
Ebro Foods
Deoleo
Naturhouse Health
Natra
Pescanova
Telepizza Group
Viscofan
SUBSECTOR: TEXTILE, CLOTHING AND SHOES
Adolfo Domínguez
Industria de Diseño Textil (Inditex)
Nueva Expresión Texti (NEXTIL)l
Sniace
SUBSECTOR: PAPER AND GRAPHIC DESIGN
Ence Energía y Celulosa
Iberpapel Gestión
Miquel y Costas
SUBSECTOR: PHARMACEUTICAL PRODUCTS AND BIOTECHNOLOGY
Almirall
Biosearch
Faes Farma
Grifols A stock
Grifols B stock
Laboratorios Reig Jofre
Laboratorios Rovi
Oryzon Genomics
Pharma Mar
Prim
SUBSECTOR: OTHER CONSUMER GOODS
Vidrala
SECTOR: CONSUMER SERVICES
SUBSECTOR: LEISURE, TOURISM AND CATERING
Amrest Holdings
Codere
eDreams Odigeo
Melia Hotels International
NH Hotel Group
Parques Reunidos
SUBSECTOR: COMMERCE
DIA Distribuidora Int. de Alimentación
Service Point Solutions
SUBSECTOR: MEDIA AND ADVERTISING
Atresmedia
Promotora de Informaciones (Prisa) A stock
Mediaset España Comunicación
Vertice 360
Vocento
SUBSECTOR: TRANSPORT AND RETAIL
Aena
International Consolidated Airlines Group (IAG)
Compañía de Distribución Integral Logista Holdings
SUBSECTOR: OTHER SERVICES
Clínica Baviera
Prosegur
Prosegur Cash
SECTOR: FINANCIAL SERVICES
SUBSECTOR: BANKS AND SAVING BANKS
Banco de Sabadell
Banco Santander
Bankia
Bankinter
BBVA
Caixabank
Liberbank
Unicaja Banco
SUBSECTOR: INSURANCE
Grupo Catalana Occidente
Mapfre
SUBSECTOR: PORTFOLIO AND HOLDINGS
Corporación Financiera Alba
Alantra Partners
SUBSECTOR: INVESTMENT SERVICES
Bolsas y Mercados Españoles (BME)
Renta 4 Banco
SECTOR: TECHNOLOGY AND TELECOMMUNICATIONS
SUBSECTOR: TELECOMS AND OTHERS
Cellnex Telecom
Euskatel
Global Dominion Access
Grupo Ezentis
Masmovil Ibercom
Telefónica
SUBSECTOR: ELECTRONICS AND SOFTWARE
Amadeus It Group
Amper
Indra Sistemas
SECTOR: REAL ESTATE SERVICES
SUBSECTOR: ESTATE AGENTS AND OTHERS
Aedas Homes
Inmobiliaria del Sur
Montebalito
Neinor Homes
Quabit Inmobiliaria
Realia Business
Renta Corporación Real Estate
SUBSECTOR: SOCIMI (REITS)
Arima Real Estate SOCIMI
Axiare Patrimonio SOCIMI
Inmobiliaria Colonial
Hispania Activos Inmobiliarios SOCIMI
Lar España Real Estate SOCIMI
Merlin Properties SOCIMI