NEW YORK (Mar. 29, 2001) — Dow Jones Indexes recently added five new stocks to its Dow Jones Sector Titans Indexes.
Usinor S.A. (France) and Pohang Iron & Steel Co. (South Korea) replace the Swedish company Svenska Cellulosa AB and the South African company De Beers Consolidated Mines Ltd. in Basic Materials. Heidelberger Zement AG (Germany) and Taiheiyo Cement Corp. (Japan) replace the American company Massey Energy Co. and the Japanese company Matsushita Electric Works in Construction. And United Parcel Services Inc. (United States) replaces the American company Corning Inc. in the Industrial Goods & Services sector.
DeBeers Consolidated Mines is being deleted because of its pending acquisition by Anglo American; Svenska Cellulosa, Massey Energy Co., Corning Inc. and Matsushita Electric Works changed their main business activities and were reclassified to another sector. Due to these changes in the companies’ sector classifications they are being removed from the indexes.
The changes to the index result from the regular quarterly index share review. The Sector Titans Indexes are also continually reviewed for changes necessitated by extraordinary corporate actions such as mergers, takeovers, spin-offs, initial public offerings, delistings and bankruptcy filings.
Further information as well as the complete component lists for the Dow Jones Sector Titans can be found at http://djindexes.com.
The Dow Jones Sector Titans Indexes are a family of 18 indexes that represent the leading companies in each of the following stock market sectors: Basic Resources, Chemicals, Automobiles, Cyclical Goods & Services, Media, Retail, Food & Beverage, Non Cyclical Goods & Services, Energy, Banks, Financial Services, Insurance, Healthcare, Construction, Industrial Goods & Services, Technology, Telecommunications and Utilities.