Result of an agreement between FIESP and BM&FBOVESPA, the INDX was developed to measure the performance of the most representative companies of the industrial sector, an important segment of Brazilian economy. Its theoretical portfolio is composed by the industry most representative stocks, which are selected among BM&FBOVESPA’s most actively traded securities.
The indices compiled by BM&FBOVESPA adopt concepts and practices set forth in the Concepts and Practices Manual for BM&FBOVESPA Indices.
The BM&FBOVESPA INDX is designed to track changes in the prices of the more actively traded and better representative industrials stocks, so as to gauge average stock performance specific to the industrials sector.
The INDX is a total return index (see the Concepts and Practices Manual for BM&FBOVESPA Indices).
The INDX is composed exclusively of shares and units representing shares of BM&FBOVESPA-listed issuers that meet the inclusion criteria set forth below.
The index universe excludes Brazilian Depositary Receipts (BDRs) and shares of issuers under judicial or extrajudicial reorganization, government- or court-ordered administration or intervention, as well as shares otherwise designated to be under exceptional trading status (see the Concepts and Practices Manual for BM&FBOVESPA Indices).