Sligro Food Group joins Euronext Oranje Index 

Monday 1 June saw major changes in the Euronext Amsterdam Oranje Index that was launched last year on the initiative of De Financiële Telegraaf (DFT). Sligro Food Group is one of the newly included stocks. 

The Oranje Index was introduced specifically to counter criticisms in some quarters that the main measure of the Dutch stock exchange’s performance, the AEX Index, was not sufficiently ‘Dutch’. Hitherto, however, the Oranje Index has been restricted to companies permitted to style themselves Koninklijke (Royal). The new basis for inclusion is entirely different.

More companies and more representative

As well as increasing the number of stocks included from 16 to 20, the newly formulated index calculated by Euronext provides a more accurate picture of the Dutch business world and Dutch entrepreneurship, reflecting a wider range of sectors and companies with Dutch roots.

New composition

Complementing a fixed set of seven AEX companies, five AMX companies and two AscX companies, the rest of the index was determined by a poll of DFT readers, who selected five additional companies and one recent IPO from a shortlist drawn up by Euronext. The new composition is: Accell, Ahold, Akzo Nobel, ASM International, BAM, Boskalis, DSM, Imtech, ING, Heineken, KPN, Philips, Postnl, Randstad, SBM Offshore, Sligro Food Group, Ten Cate, TomTom, Wessanen and the recently listed Lucas Bols.

There will be an annual review to see if changes or additions should be made to maintain and enhance the essentially Dutch nature of the index.