NEW YORK, Oct. 29, 2007 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones Asia Select Dividend 30 Index and the Dow Jones CASE Egypt Titans 20 Index.
LG Petrochemical Co. Ltd. (South Korea, Chemicals, 012990.SE) will be deleted from the Dow Jones Asia Select Dividend 30 Index and replaced by VTECH Holdings Ltd. (Hong Kong, Technology, 0303.HK; VTKHY). LG Petrochemical Co. Ltd. is being removed due to its acquisition by LG Chem Ltd. (South Korea, 051910.SE).
El-Watany Bank of Egypt (Egypt, 8355, Banks, WATA.CI) will be deleted from the Dow Jones CASE Egypt Titans 20 Index and replaced by Egyptian for Tourism Resorts (Egypt, Travel & Leisure, EGTS.CI). El-Watany Bank of Egypt is being removed due to its acquisition by National Bank of Kuwait S.A.K. (Kuwait, NBK.KW).
The changes in the Dow Jones Asia Select Dividend 30 Index and the Dow Jones CASE Egypt Titans 20 Index will be effective before the open of trading on Thursday, November 1, 2007.
The Dow Jones Asia Select Dividend 30 Index measures the performance of the top 30 stocks by dividend yield in their respective markets. Represented countries currently include Hong Kong, Singapore, South Korea and China H shares are also eligible. The Dow Jones CASE Egypt Titans 20 Index is comprised of 20 of the leading Egyptian stocks traded on the Cairo & Alexandria Stock Exchanges (CASE). The companies are ranked by free-float market capitalization, sales/revenue and net income.
Further information on the Dow Jones Asia Select Dividend 30 and Dow Jones CASE Egypt Titans 20 Indexes can be found on the Dow Jones Indexes Web site http://www.djindexes.com.
Company additions to and deletions from the Dow Jones Asia Select Dividend 30 and Dow Jones CASE Egypt Titans 20 Indexes do not in any way reflect an opinion on the investment merits of the company.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:
New York: +1-212-597-5720 Frankfurt: +49-69-29-725-290
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About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
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