The CAC Next 20 is an index

Stock market index

A stock market index is a method of measuring a section of the stock market. Many indices are cited by news or financial services firms and are used as benchmarks, to measure the performance of portfolios such as mutual funds....

 of security

Security (finance)

A security is generally a fungible, negotiable financial instrument representing financial value. Securities are broadly categorized into:* debt securities ,* equity securities, e.g., common stocks; and,...

 prices used with the Euronext Paris

Euronext Paris

Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam, Lisbon and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the UK's London Stock Exchange...

. It gathers the 20 companies whose market capitalization

Market capitalization

Market capitalization is a measurement of the value of the ownership interest that shareholders hold in a business enterprise. It is equal to the share price times the number of shares outstanding of a publicly traded company...

s are ranked after those of the 40 companies who compose the CAC 40

CAC 40

The CAC 40 is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant values among the 100 highest market caps on the Paris Bourse...

. These 20 are possible candidates to replace the members of the CAC 40 index. The CAC Next 20 was launched on 31 December 2002. Like the CAC 40, this new index is calculated uninterruptedly every 30 seconds.

Composition

The following is a list of the CAC Next 20 companies, as of the quarterly reshuffle effective 19 September 2011 which saw Bureau Veritas

Bureau Veritas

Bureau Veritas S.A. is a multinational company providing conformity assessment, certification and consulting services to industry, government and individuals. Originally formed in Antwerp in 1828 as Bureau de Renseignements pour les Assurances Maritimes , the Bureau Veritas name was adopted in 1829...

, Natixis

Natixis

Natixis is a French corporate and investment bank created in November 2006 from the merger of the asset management and investment banking operations of Natexis Banque Populaire and IXIS ....

 and Wendel Investissement replace Dexia

Dexia

Dexia N.V./S.A., also referred to as the Dexia Group, is a Belgian-French financial institution active in public finance, providing retail and commercial banking services to individuals and SMEs, asset management, and insurance...

 and Safran

SAFRAN

Safran is a French conglomerate involved in defense, aerospace propulsion and equipment, and security. It is the result of a merger between the propulsion and aerospace equipment group SNECMA and the defense conglomerate SAGEM. Its headquarters are located in Paris.The name Safran, literally...

 (with Rhodia

Rhodia

The word Rhodia may refer to:*In Greek mythology :** Rhodia, one of the Oceanids** Rhodia, one of the Danaids** Rhodia, one of the Muses* Rhodia, a fictional planet of the Nebula Kingdoms in Asimov's Empire Series* 437 Rhodia, an asteroid...

 also having been removed since the previous quarterly update).

Company	ICB Industry Classification Benchmark The Industry Classification Benchmark is an industry classification taxonomy developed by Dow Jones and FTSE. It is used to segregate markets into sectors within the macroeconomy...  Sector	Ticker symbol	Index weighting (%) at 18 October 2011
Air France-KLM Air France-KLM Air France-KLM is a European airline holding company incorporated under French law with its headquarters at Paris-Charles de Gaulle Airport in Tremblay-en-France, Paris...	airlines		2.17
Arkema Arkema Arkema is a French producer of chemicals headquartered in Colombes, near Paris, France.Created in 2004 when French oil major Total restructured its Chemicals business, Arkema has 14,000 employees in more than 40 countries, seven research centers worldwide, and a total of 80 production plants in...	commodity chemicals		3.64
Bureau Veritas Bureau Veritas Bureau Veritas S.A. is a multinational company providing conformity assessment, certification and consulting services to industry, government and individuals. Originally formed in Antwerp in 1828 as Bureau de Renseignements pour les Assurances Maritimes , the Bureau Veritas name was adopted in 1829...	business support services		4.60
Casino Guichard	food retailers and wholesalers		5.29
CGGVeritas CGGVeritas CGGVeritas is a French-based geophysical services company, resulting from the 2007 combination of Compagnie Générale de Géophysique and Veritas DGC Inc.-CGG:CGG was founded in 1931 by Conrad Schlumberger and acquired its first seismic survey in 1932...	oil equipment and services		3.73
Dassault Systèmes Dassault Systemes Dassault Systèmes S.A. is a leading company specializing in 3D and PLM software.Dassault Systèmes develops and markets PLM application software and services that support industrial processes and provide a 3D vision of the entire lifecycle of products from conception to maintenance to recycling...	software		5.81
Edenred	financial administration		4.69
Eurotunnel Eurotunnel Groupe Eurotunnel S.A. manages and operates the Channel Tunnel between Britain and France. The Company operates the car shuttle services and earns revenue on other trains passing through the tunnel...	railroads		5.06
Gemalto Gemalto Gemalto is an international digital security company, providing secure personal devices such as smart cards and tokens in addition to software applications and managed services. The company was formed in June 2006 by the combination of two companies Axalto and Gemplus International...	electronic equipment		4.67
Hermès Hermès Hermès International S.A., or simply Hermès is a French high fashion house established in 1837, today specializing in leather, lifestyle accessories, perfumery, luxury goods, and ready-to-wear...	clothing and accessories		6.53
Klépierre Klépierre Klépierre is a French real estate investment company.It was founded in 1990 and specializes in commercial real estate. It develops, owns and manages shopping centres in France, Spain and Italy, as well as several other European countries....	retail REITs		3.69
Lagardère Lagardère Group Lagardère is a French-based multinational conglomerate headquartered in the 16th arrondissement of Paris. The group once covered a broad range of industries but is now largely focused on the media sector, in which it is one of the world’s leading companies...	publishing		3.44
Legrand Legrand (company) Legrand is a French industrial group historically based in Limoges in the Limousin region and a world leader in products and systems for electrical installations and information networks....	electrical components and equipment		8.62
Natixis Natixis Natixis is a French corporate and investment bank created in November 2006 from the merger of the asset management and investment banking operations of Natexis Banque Populaire and IXIS ....	banks		3.64
SES	broadcasting and entertainment		9.78
Scor Scór Scór is a division of the Gaelic Athletic Association charged with promotion of cultural activities, and the name of a series of annual competitions in such activities.Rule 4 of the GAA's official guide reads:...	reinsurance		5.16
Sodexo	restaurants and bars		8.22
Thales Thales Group The Thales Group is a French electronics company delivering information systems and services for the aerospace, defense, transportation and security markets...	defense		3.95
Valeo Valeo Valeo is a French automotive components manufacturer.-History:The Société Anonyme Française du Ferodo was founded in 1923 in Saint-Ouen, a suburb of Paris...	auto parts		4.31
Wendel Wendel (group) Wendel is a French investment company. The company is managed by Ernest-Antoine Seillière, Chairman of the Supervisory board and Frédéric Lemoine, Chairman of the Executive board.- Shareholders :Its main shareholders are:...	specialty finance		3.01

External links

• Official Euronext CAC Next 20 page