New York (PRWEB) December 9, 2008
The Stowe Global Coal Index℠ (TICKER: COAL) will add one new component, effective 9:00 AM (EST) Monday, December 22, 2008. Five stocks will be deleted from the index, changing the number of index components to 38. The changes result from the index's quarterly rebalancing. The addition to COAL is:
Indika Energy Tbk PT (TICKER: INDY IJ)
The deletions from COAL are:
CIC Energy Corp (TICKER: ELC CN)
Sentula Mining Ltd. (TICKER: SNU SJ)
Coalcorp Mining Inc (TICKER: CCJ CN)
Darma Henwa PT TBK (TICKER: DEWA IJ)
Synthesis Energy Systems Inc (TICKER: SYMX)
A complete list of constituents and weights will be posted on the Stowe Global Coal Index℠ web- site: http://stowe.snetglobalindexes.com/about_the_indexes.php.
The Stowe Global Coal Index℠ is a capitalization-weighted, float-adjusted index of the most prominent coal stocks in the world. To be included in the COAL index, stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover.
Detailed information, including constituent data, rules and price information, on the Stowe Global Coal Index℠ is available at http://www.stowecoalindex.com. Data is also available through most vendors of financial data.
Index: Stowe Global Coal Index℠ (USD)
Index: Stowe Global Coal Index℠ (EUR)
Stowe Partners, LLC
Stowe Global Indexes, LLC