New York, NY (PRWEB) March 10, 2010
The S-Network Global Gaming Index℠ (TICKER: WAGR) will add two new components, effective 6:00 PM (ET) Sunday, March 21, 2010. One stock will be deleted from the index, changing the number of index components to 57. The changes result from the quarterly rebalancing of the index.
The additions to WAGR are:
Paddy Power PLC (TICKER: PWL ID)
Paradise Co Ltd. (TICKER: 034230 KS)
The deletion from WAGR is:
Universal Entertainment Corporation (TICKER: 6425 JP)
A complete list of constituents and weights will be posted on the S-Network Global Gaming Index℠ website (http://gaming.snetglobalindexes.com/about_the_indexes.php ) as of the effective date.
The S-Network Global Gaming Index℠ is a capitalization-weighted, float-adjusted index of the most prominent gaming stocks in the world. To be included in the WAGR index, stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover.
The Index Committee today announced a change in index methodology relating to “Special Dividends” as follows: Any 'explicitly labeled' Special Dividend or any dividend larger than 10% of the equity price is considered a special dividend and requires a price and share adjustment to the company that issued the special dividend. The adjustment will be a market neutral event and will have no effect on the divisor.
Detailed information, including constituent data, rules and price information, on the S-Network Global Gaming Index℠ is available at http://www.snetgamingindex.com . Data is also available through most vendors of financial data.
Index: S-Network Global Gaming Index℠ (USD) TICKER: WAGR
Index: S-Network Global Gaming Index℠ (EUR) TICKER: WAGRE