WV stock index turns 10 - Beckley, Bluefield & Lewisburg News, Weather, Sports

WV stock index turns 10

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The West Virginia Stock Index, which has tracked the top 25 publicly traded companies that operate in West Virginia, is marking its 10th anniversary.

The Center for Business and Economic Research started the West Virginia Stock Index as a method to track the financial performance of the dominant publicly traded firms that operate in the state. It's updated weekly and available at marshall.edu/cber. 

The West Virginia Stock Index is weighted by the number of employees and accounts for more than 60,000 workers in the state.

The current index includes WalMart, Alpha Natural Resources, Kroger, Consol Energy, Patriot Coal Corporation, Lowe's Companies, Mylan Incorporated and American Electric Power along with 17 other companies.

"The index allows for the comparison of the performance of dominant firms in West Virginia to the DOW Index, one of the best-known market indicators," said Christine Risch, director of resource and energy economics at CBER. "The Dow is comprised of 30 ‘blue chip' firms outside of the utilities and transportation sectors."

Risch said currently only WalMart and DuPont are components of both the West Virginia Stock Index and the Dow.

CBER indicated it would continue the index and would modify the makeup of the firms to reflect changing levels of employment in the state.