NYSE To Launch Three Sector Indexes

January 02, 2004

Big Board announces the January 8th launch of 3 sector indexes, as 4 others are discontinued

NEW YORK - January 2, 2004.  The New York Stock Exchange announced the launch of three new sector indexes in a reshuffle of its indexes.  On January 8, 2004, the Big Board will introduce three new sector indexes - the NYSE Energy, Health Care and Financial Indexes.  Concurrently, the exchange will discontinue the existing Industrial, Utilities, Financial and Transportation sub-indexes. 

"The differentiated performance of NYSE-listed stocks translates into higher return and lower volatility for the NYSE Sector Indexes relative to their peer sector indexes.' said Robert McSweeney, senior vice president of competitive position. "Components in each of these indexes also represent a significant portion of the underlying sectors in the U.S. and globally.'

The new indexes are subindexes of the NYSE Composite Index, which was provided with an updated best practices methodology, recalculated to a base value of 5,000, and relaunched in January 2003.  The three new sector indexes include only NYSE-listed stocks, and are classified according to the Dow Jones Global Classification Standard.

The three new sector indexes join five others in the NYSE family of indexes, including the flagship NYSE Composite, as well as the NYSE U.S. 100 Index, NYSE International 100 Index, NYSE World Leaders Index and the NYSE TMT Index, all of which were introduced in June 2002.  All of the NYSE indexes will now be calculated and maintained by Dow Jones Indexes.
 

 

Index Profiles

NYSE Energy

NYSE Financial

NYSE Health Care

Index Symbol

NYE.ID

NYK.ID

 NYP.ID

Market Coverage

 

 

 

% of total sector mkt cap in US

 92%

 88%

 80%

% of total sector mkt cap globally

 96%

 69%

 76%

% of all NYSE-listed stocks

 10%

 25%

 14%

 

 
 
 
 
 
 
 
 

Performance (%)

Index

3-mo

YTD

NYSE Energy

17.7

26.4

S&P 500 Energy

14.6

22.4

DJ USEnergy

14.5

22.9

 

 

 

NYSE Financial

15.8

35.4

S&P 500 Financial

11.1

27.9

DJ USFinancial

11.2

28.8

 

 

 

NYSE Health Care

11.0

18.5

S&P 500 Health Care

8.0

13.3

DJ USHealth Care

8.4

17.8

Please click on the following for more information on NYSE Sector Indexes:

Fact Sheet (.pdf)
Index History (.xls)
Component List (.xls)
Methodology Guide (.pdf)

For more information on the NYSE family of indexes go to http://www.nyseindexes.com/

 

 

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