June 13, 2011
Chile creates "Salmon" sector index
The formation of 'Salmon' sector index which begins from July 1, 2011, by Bolsa de Comercio de Santiago (BCS) will bring together companies in the salmon sector.
This index includes the shares of Aquachile, Australis, Invertec Pesquera Mar de Chiloé (Invermar) and Multifoods.
The main objective is to allow local and international investors to have a better monitoring of the aquaculture firms registered on the stock exchange, the media reported.
The clustered firms must concentrate 50% or more of its assets in salmon production, distribution and marketing, and register a tight market presence, which should be greater than or equal to 25%.
"In the particular case of those companies that opened on the stock exchange in the last quarter, the selection criterion will be based on the amounts traded during the days after its opening," explained BCS.