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The CNX Smallcap Index is designed to reflect the behaviour and performance of the small capitalised segment of the financial market. The CNX Smallcap Index comprises of 100 tradable, exchange listed companies.
Market Representation:
The criteria for the CNX Smallcap Index include the following:
Market Representation:
- The CNX Smallcap Index represents about 3.03% of the free float market capitalization of the stocks listed on NSE as on March 31, 2015.
- The total traded value for the last six months ending March 2015, of all index constituents is approximately 8.50% of the traded value of all stocks on NSE.
The criteria for the CNX Smallcap Index include the following:
- All the companies that are listed on NSE, which individually constitute more than 5% free-float market capitalization of the universe, shall be excluded in order to reduce the skewness in the weightage of the companies in the universe.
- After step (a), the weightage of the remaining companies in the universe will be determined again.
- After step (b), the cumulative weightage will be calculated.
- After step (c), companies which form part of the cumulative percentage in ascending order up to the first 90 percent (i.e. up to 89.99 percent) of the revised universe shall be excluded.
- After step (d), companies within the range of 90th to 95th percentile shall be ranked in the descending order of aggregate turnover for the last six months
- After step (e), the top 100 companies shall constitute the CNX Smallcap Index subject to fulfillment of the following additional criteria:
- The company should have reported a positive net worth.
- Companies must have demonstrated a trading frequency of at least 90 % in the last six months
- All constituents of the CNX Smallcap Index must have a minimum listing record of 6 months.
- The review will be carried out on a semi-annual basis.
- Below is the list of stocks included in this index.
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Download List of CNX Smallcap Stocks.xlsx | |
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File Type: | xlsx |