Small revolution on the stock market.
The financial data provider Bloomberg launched on Monday an equity index bringing together 40 of the most important companies on the Paris market, effectively competing with the CAC 40 of the stock exchange operator Euronext, it announced in a press release.
The
“Bloomberg France 40”
is one of fifty equity indices launched by Bloomberg on Monday in more than ten countries, mainly European (France, Germany, Italy, United Kingdom, etc.), as well as in Canada.
Concerning France, the Bloomberg index brings together the 40 largest companies listed on the Paris market based solely on their floating market capitalization, i.e. the value of the shares that can be traded on the market.
The methodology is therefore a little different from that of the stock market operator Euronext, which launched the CAC 40 at the end of the 1980s and which weights this data with the volumes of company shares traded during the previous year.
Everything is then submitted to a scientific committee independent of the company, which can take other factors into consideration to modify the composition of the indices.
Read alsoThe CAC 40 breaks the ceiling of 8,000 points and beats its historic record
This is why the list of companies making up the two indices differ.
Eiffage, Euronext, Bureau Veritas, Sodexo appear in the Bloomberg index as of March 18, but not Vivendi, Unibail-Rodamco-Westfield, ArcelorMittal and Stellantis, the latter three being listed in foreign indices, respectively in Amsterdam and Milan.
All of Bloomberg's indices now cover more than 99% of the free-floating market capitalization of nearly 50 developed and emerging countries, the data provider said in a press release.
Since 1973, Bloomberg has first built indexes for bonds, which are most common in the markets.
The group is now trying to expand into other markets (raw materials, stocks, climate indices).
Companies can generate revenue through index licensing fees, which give managers the right to use brand names in their products.
Pan-European operator Euronext classifies these revenues as
“
Advanced Data Services,” which accounted for 15% of its revenue in 2023.