Next Friday, March 4th, the MSE and S&P Dow Jones Indices will announce the changes to the sample that will integrate the Mexbol Index, at Friday’s market close, March 18th
Even though 5 constituents currently included in the index do not meet some liquidity criteria, after applying the combined ranking, the sample would remain unchanged
The Mexbol would maintain the same selection of constituents. Upon performing an exercise with data as of January 31st (reference date), we expect GCARSO to fail to comply with the monthly traded value ratio ≥ 15%, as well as with the minimum liquidity criteria (monthly median daily value traded ≥ $30 million), as for 3M and 6M in both cases. Likewise, LIVEPOL would not comply with the liquidity criteria, the same situation goes for LAB in 3M, as well as BOLSA and SITES in 6M. However, because none of them meet all the requirements to enter the index, and with the aim to maintain a minimum of 35 issuers, the combined ranking would again be applied. In this sense, the 5 companies we have just mentioned would remain in the reference, obtaining better combined ratings than the other candidates (see tables attached). Meanwhile, the best positioned, although not meeting the liquidity criteria of 3M and 6M, but approaching it by the combined rating, would be NEMAK and GENTERA. As such, the stocks that would maintain the highest weighting within the MEXBOL Index would be AMX (14.7%e), WALMEX (11.6%e), GFNORTE (10.3%e), FEMSA (9.1%e) and GMEXICO (8.9%e), with main changes in AMX (+1.9%e), OMA (-0.2%e), WALMEX (+0.1%e), FEMSA (+0.1%e), CEMEX (-0.1%e), and TLEVISA (-0.1%e). It is important to mention that these calculations could change because of S&P's float adjustments.
Current constituents’ analysis based on the criteria to remain in the sample
Potential joiners’ analysis based on the selection universe and liquidity criteria
Combined ranking criteria analysis to determine at least 35 constituents for Mexbol
Estimated index constituents’ weightings after resampling and rebalancing
