Nasdaq to launch First North 25 index, four Nordic country indexes

By Tali Rackner

Norfolk, Va., Oct. 1 – Nasdaq announced the launch of First North 25, a new index for the 25 largest and most traded shares on Nasdaq First North and Nasdaq First North Premier, according to a press release.

“Supporting small- and medium-sized enterprises is a part of our Nasdaq DNA,” Adam Kostyal, senior vice president and European head of listings, said in the release.

“By launching First North 25, we want to highlight the growing investment opportunities on Nasdaq First North to a broader group of institutional investors, and provide further visibility for companies included in the index.”

Companies included in First North 25 are selected through a two-step process. First, the 30 largest companies measured by market capitalization are selected. Then, the 25 most traded shares within this pool, measured by aggregated trading turnover over a six-month period, are selected for the index.

The portfolio will be reviewed twice a year with new portfolios being effective the first trading day in January and July.

With the First North 25 launch, Nasdaq also introduced four local country indexes for the Nordic markets: First North Sweden, First North Finland, First North Denmark and First North Iceland. The four indexes will include shares traded on the respective markets and are designed to add further visibility for Nasdaq First North in the Nordics.

All indexes will launch and disseminate on Oct. 15.

Nasdaq is an exchange company based in New York.

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