FTSE MIB Index components | values (IT0003465736)
FTSE MIB (formerly S & P / MIB) is an Italian benchmark index of the 40 leading Italian public companies listed on the Milan Stock Exchange. FTSE MIB stands for Financial Times Stock Exchange and Milano Italia Borsa. In contrast to the DAX, it is a price index; dividends are not included in the index. The FTSE MIB (until 2009 S & P / MIB) replaced the MIB 30 (until 1994 COMIT 30) as the leading Italian index on November 3, 2003.
The FTSE MIB index comprises the 40 most important Italian companies and covers almost 80 percent of the domestic market capitalization. To be included in the index, the company must be financially viable, have a high level of liquidity, be traded on the Italian stock exchange (Borsa Italiana) and have at least 30 percent free float. The selection is based on what is known as an Industry Classification Benchmark (ICB).
The index is not adjusted for dividend payments. Corporate actions such as stock splits have no (distorting) influence on the index. The weighting is based on the market capitalization of the listed companies. A review of the composition of the FTSE MIB takes place regularly in March and September. The calculation is updated every 15 seconds during trading hours from 9:00 a.m. to 5:30 p.m. CET. The FTSE Italia All-Share Index calculated by Borsa Italiana includes all companies in the FTSE MIB, FTSE Italia Mid Cap and FTSE Italia Small Cap indices