Fingerprint Set to Fall Out of Benchmark Index as Volume Slumps
- Swedish company ranked only 47 in turnover in past six months
- Falling trading volume, share-price slump have hurt turnover
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Fingerprint Cards AB is set to be removed from Sweden’s large-cap index after turnover in its stock plummeted as the maker of biometric sensors fends with a slump in sales and profitability.
The OMX Stockholm 30 Index includes the 30 most traded Swedish stocks in terms of turnover and is reviewed twice a year, in January and July. When deciding on its composition, Nasdaq Stockholm examines turnover in the six months through May, and excludes any stock ranked outside the top 45. Fingerprint Cards is currently in 47th place, when calculating the average daily turnover in the past six months.