OBX Index
Encyclopedia
The OBX Index is a stock market index
which lists the 25 most liquid
companies on the main index of the Oslo Stock Exchange
in Norway
. All stocks on the OBX list can be traded with options
and futures
. The companies on the OBX list are rotated twice a year, on the third Friday of June and December.
was removed from the index, with the other vacancy having been created by the Acergy
-Subsea 7
merger in January 2011.
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....
which lists the 25 most liquid
Market liquidity
In business, economics or investment, market liquidity is an asset's ability to be sold without causing a significant movement in the price and with minimum loss of value...
companies on the main index of the Oslo Stock Exchange
Oslo Stock Exchange
The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...
in Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
. All stocks on the OBX list can be traded with options
Option (finance)
In finance, an option is a derivative financial instrument that specifies a contract between two parties for a future transaction on an asset at a reference price. The buyer of the option gains the right, but not the obligation, to engage in that transaction, while the seller incurs the...
and futures
Futures contract
In finance, a futures contract is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future date, the delivery date. The contracts are traded on a futures exchange...
. The companies on the OBX list are rotated twice a year, on the third Friday of June and December.
List of companies in the index
The following 25 companies constitute the OBX list as of the semi-annual review effective 17 June 2011, which saw Archer and DNO International enter the index. Sevan MarineSevan Marine
Sevan Marine is a Norwegian company that constructs, owns and operates floating offshore installations. The main product is cylinder platforms used for floating production and drilling....
was removed from the index, with the other vacancy having been created by the Acergy
Acergy
Acergy S.A. was an international offshore seabed to surface engineering and construction company previously known as Stolt Offshore and Stolt Comex Seaway and was part of the Stolt-Nielsen Group until 2005...
-Subsea 7
Subsea 7
Subsea 7 S.A. is a subsea engineering and construction company. Registered in Luxembourg and with its headquarters in London in the United Kingdom, the firm assumed its current form in January 2011 when Acergy S.A...
merger in January 2011.
| Company | GICS Global Industry Classification Standard The Global Industry Classification Standard is an industry taxonomy developed by MSCI and Standard & Poor's for use by the global financial community. The GICS structure consists of 10 sectors, 24 industry groups, 68 industries and 154 sub-industries into which S&P has categorized all major... Sector | Ticker symbol | Index weighting (%) |
|---|---|---|---|
| Aker Solutions | oil and gas equipment and services | 2.57 | |
| Archer | oil and gas drilling | 0.78 | |
| DNB | diversified banks | 10.98 | |
| DNO International | oil and gas exploration and production | 0.69 | |
| Fred. Olsen Energy Fred. Olsen Energy Fred. Olsen Energy is a Norwegian offshore drilling rig company, offering services for the offshore industry within development and production of oil and gas. The company operates in two segments; Offshore Drilling and Engineering & Fabrication, the latter of which includes the Northern Irish... |
oil and gas drilling | 0.94 | |
| Frontline Frontline Ltd. Frontline Ltd. is one of the world's largest oil tanker shipping companies, based in Hamilton, Bermuda and controlled by John Fredriksen. Its primary business is transporting crude oil... |
oil and gas storage and transportation | 0.42 | |
| Gjensidige Forsikring Gjensidige Gjensidige Forsikring ASA is a Norwegian insurance company. Though the company has roots back to 1689 when the fire treasury at Nes was founded, Gjensidige in its present form was founded in 2003 when the insurance division of Gjensidige NOR was not made part of its merger with Den norske Bank... |
multi-line insurance | 1.98 | |
| Golden Ocean Group Golden Ocean Group Golden Ocean Group is a Bermuda registered, Norway based dry bulk shipping company. The company was created as a demerged part of Frontline in 2004 and listed on the Oslo Stock Exchange... |
marine | 0.21 | |
| Marine Harvest | packaged foods and meats | 1.86 | |
| Norsk Hydro Norsk Hydro Norsk Hydro ASA is a Norwegian aluminium and renewable energy company, headquartered in Oslo. Hydro is the fourth largest integrated aluminium company worldwide. It has operations in some 40 countries around the world and is active on all continents. The Norwegian state holds a 43.8 percent... |
aluminium | 5.32 | |
| Orkla Orkla Group Orkla Group is a Norwegian industrial conglomerate operating in the Nordic region, Eastern Europe, Asia and the US. The company's main divisions are branded consumer goods, aluminium solutions, materials, associates and financial investments.-Operations:... |
industrial conglomerates | 6.01 | |
| Petroleum Geo-Services Petroleum Geo-Services Petroleum Geo-Services ASA, an oilfield service company, provides geophysical services worldwide. The company provides various seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. The floating production unit was demerged in 2006 and listed as a... |
oil and gas equipment and services | 2.52 | |
| Prosafe Prosafe Prosafe SE is an owner/operator of semi-submersible accommodation and service rigs. The company is listed on the Oslo Stock Exchange and posted revenues of USD 442 million in 2010.-Operations:... |
oil and gas equipment and services | 1.29 | |
| Questerre Energy Corporation Questerre Energy Corporation Questerre Energy Corporation is an international energy exploration company headquartered in Calgary, Canada, and listed on the Toronto Stock Exchange and the Oslo Stock Exchange... |
oil and gas exploration and production | 0.11 | |
| Renewable Energy Corporation Renewable Energy Corporation The Renewable Energy Corporation is a solar power company with headquarters in Norway. REC produces silicon materials for photovoltaics applications and multicrystalline wafers, as well as solar cells and modules... |
electrical components and equipment | 0.89 | |
| Royal Caribbean Cruises Royal Caribbean Cruises Ltd. Royal Caribbean Cruises Ltd. is a Norwegian / American company based in Miami, Florida. It is the world's second-largest cruise line operator, after Carnival Corporation & PLC. As of March 2009, Royal Caribbean Cruises Ltd... |
hotels, resorts and cruise lines | 2.05 | |
| Schibsted Schibsted Schibsted is a Norwegian media conglomerate with operations in 20 countries, the most important being Norway and Sweden. The company has its headquarters in Oslo, Norway and is listed on Oslo Stock Exchange.... |
publishing | 1.87 | |
| Seadrill SeaDrill Seadrill is a Norwegian-Bermudan offshore drilling company with operations in Angola, Brunei, the Republic of Congo, Indonesia, Malaysia, Nigeria, Norway, Thailand and the United Kingdom. The company operates Semi-submersibles, Jack ups, Tender rigs, Semi-Tenders and Drillships. The company is... |
oil and gas drilling | 6.61 | |
| Statoil Statoil Statoil ASA is a Norwegian petroleum company established in 1972. It merged with Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro... |
integrated oil and gas | 22.31 | |
| Statoil Fuel & Retail Statoil Fuel & Retail Statoil Fuel & Retail ASA is a Norwegian energy retail company, formed by the 2010 separation of the downstream business of Statoil ASA into a separate listed company.... |
automotive retail | 1.13 | |
| Storebrand Storebrand Storebrand is a financial services company in Norway. By volume, the company's main activities are related to life insurance and pension savings. However, the company also has major divisions working on investments, banking and, since 2006, P&C insurance products... |
multi-line insurance | 2.40 | |
| Subsea 7 Subsea 7 Subsea 7 S.A. is a subsea engineering and construction company. Registered in Luxembourg and with its headquarters in London in the United Kingdom, the firm assumed its current form in January 2011 when Acergy S.A... |
oil and gas equipment and services | 5.52 | |
| Telenor Telenor Telenor Group is the incumbent telecommunications company in Norway, with headquarters located at Fornebu, close to Oslo. Today, Telenor Group is mostly an international wireless carrier with operations in Scandinavia, Eastern Europe and Asia, working predominantly under the Telenor brand... |
integrated telecommunication services | 10.42 | |
| TGS-NOPEC | oil and gas equipment and services | 2.21 | |
| Yara International Yara International Yara International ASA is a Norwegian-based chemical company. Its largest business area is the production of nitrogen fertilizer, however it also encompasses the production of dry ice, nitrates, ammonia, urea and other nitrogen-based chemicals.... |
fertilizers and agricultural chemicals | 8.91 |
Biggest drop in one day
The worst performing days for the OBX Index are:| Rank | Date | Drop (%) | Circumstance | Ref. |
|---|---|---|---|---|
| 1 | October 20, 1987 | -19.11 | since labelled "Black Tuesday" | |
| 2 | August 1991 | |||
| 3 | October 6, 2008 | -9.71 | in conjunction with the global liquidity crisis | |
| 4 | October 24, 2008 | -9.24 | in conjunction with the global liquidity crisis | |
| 5 | October 15, 2008 | -8.81 | in conjunction with the global liquidity crisis | |
| 6 | September 29, 2008 | -8.3 | in conjunction with the global liquidity crisis | |
| 7 | October 16, 2008 | -7.95 | in conjunction with the global liquidity crisis | |
| 8 | October 10, 2008 | -7.7 | in conjunction with the global liquidity crisis | |
| 9 | November 12, 2008 | -7.45 | in conjunction with the global liquidity crisis | |
| 10 | October 8, 2008 | -6.44 | in conjunction with the global liquidity crisis | |
| 11 | January 21, 2008 | -6.4 | ||
| 12 | September 9, 2008 | -5.57 | in conjunction with the global liquidity crisis | |
| 13 | June 29, 2010 | -5.28 |