OBX index breaks through 500 for the first time

Today saw a new milestone for the most important of the Oslo Børs share indices. The OBX broke through the 500 level at 12:06, and closed the day at a new all-time high: 500.22.

The OBX index is the most important of the Oslo Børs share indices. It shows the performance of the 25 most traded securities on Oslo Børs, and is a tradable index. This means that everyone can trade this index. Both small and large investors can trade in the OBX index through exchange traded funds that track the index. In addition, investors can trade in OBX futures and options. Trading in these derivatives offers opportunities to make money regardless of whether the market falls, rises or is unchanged.

The OBX index has risen by 21.9% so far this year. We have not seen such a strong return since 2009, when the index rose by all of 70.4%, making this the strongest performance in a single calendar year since the index first saw the light of day in its current form(*) on 1 January 1996. From a low point of 77.17 in January 1996, the OBX index has produced a return of 548.2%.

The OBX index reflects the general performance of shares listed on Oslo Børs. It is a total return index, which means that it includes dividend payments by the companies in the index.

The best-known indices on other exchanges are typically blue chip indices, which means that they are indices measuring the performance of the most important shares listed on the exchange. The  Dow Jones Industrial Average, which measures the share price performance of the 30 largest companies in the USA, is perhaps the best-known index. Germany has its DAX index, the main French index is the CAC40, while the Stockholm blue chip index, which is the main index for the Stockholm market, is the OMX Stockholm 30.

In addition the Oslo Børs benchmark index, OSEBX, closed the day at a new all-time high after gaining 0.8% to stand 543.74.

More about:

(*) The original OBX index was set at 200 on 1 January 1987, and was split 4:1 on 21 April 2006, so the adjusted “opening value” is 50. However, in the early years the index did not include dividends, and measured only share price movements. Historical figures including dividends, i.e. as a total return index, go back to 1 January 1996.

OBX index: Monthly return

 

OBX index: Annual return

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