The Warsaw Stock Exchange (GPW) has opened consultations on plans to introduce new sector classifications of listed companies.
The existing separate models of sector classification on the regulated and alternative markets will be replaced by a three-tier classification of shares and bonds issuers.
The modification of the company sector classification aims to lead to better mapping of the companies’ business segments and identification of new, previously omitted sectors such as consumer goods, electronic games and biotechnology. The modified sector classifications will be accompanied by changes to sector indices. The new key sector indices will track the share price of companies in each sector.
Open consultations with market participants are a key element of the sector classification modification. All listed companies will be polled individually regarding their opinion on GPW proposals. All investors will have an opportunity to share their views using a form available on the GPW website.
“The current sector classification was introduced in the early years of GPW. Since then, the number of listed companies has increased and new sectors have emerged which are not reflected in the classification. We want to change this to ensure such companies are more visible. We aim to implement the process of change in collaboration with market participants, which is why we have decided to open public consultations,” says Professor Małgorzata Zaleska, president of the management board of GPW.
Public consultations will continue until mid-November. At that point, GPW will summarise all proposals and decide about the final sector classification of companies.
