Fort Lauderdale, Florida (PRWEB) May 25, 2006
Newbridge Securities Corporation today announced the quarterly rebalancing and reconstitution of its Newbridge Nanotechnology Index (NYSEArca: NNIX) was executed on May 19, 2006. This quarter saw no additions or deletions among the constituents, leaving the total number of companies included at 24. Constituents subject to the 10% index weight cap were Symyx (NasdaqNM: SMMX) and Headwaters (NYSE: HW). The NNIX ended the quarterly period at 965.52, down 4.7% from the last rebalance on Feb. 16, 2006, but still up 6.0% year-to-date.
The Newbridge Nanotechnology Index (NNIX) has been constructed to track the stock market performance of companies that are currently active in nanotechnology. The Index is comprised of companies whose operations, based on our assessment of products, intellectual property, research initiatives and partnerships, include a significant focus on nanotechnology. Only companies with common stock or ADRs listed on a national market or exchange in the U.S. are eligible. The base date for the Index is June 30, 2004, at which time the base value for the Index was set at 1000. The NNIX is market cap weighted, rebalanced quarterly, and now includes 24 companies.
About Newbridge Securities Corporation
Newbridge is a full-service securities brokerage firm (Member: NASD & SIPC) and a subsidiary of Newbridge Financial, Inc., an integrated financial services company. The Newbridge Institutional Research department specializes in the analysis and coverage of companies that have a strategic focus on nanotechnology. More information is available at our websites http://www.newbridgereports.com and http://www.newbridgesecurities.com.
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For important disclosures please visit: http://www.newbridgesecurities.com/research_rpt_discl.html. Additional information is available upon request. Contact: David M. Keiter, Director of Research, 954-334-3450 x115.