Headline
There are seven indices making up the headline series: the All Share Index (J203), the Top 40 Index (J200), the Large & Mid Cap Index (J206), the Large Cap Index (J205), the Mid Cap Index (J201), the Small Cap Index (J202) and the Fledgling Index (J204). These indices comprise eligible instruments, listed on the JSE Main Board, and are categorised according to company size (market capitalisation).
-
All Share (J203)
-
The All Share Index represents 99% of the full market cap value of all eligible securities listed on the Main Board of the JSE.
Name All Share Index Code J203 Alpha Code ALSH Index Category Headline Universe Ordinary shares listed on the JSE Main Board Fixed No. of Companies No Liquidity Screening Yes Free Float Screening Minimum of 5%. IFL’s with a free float of 5% or less will be eligible if net market cap is greater than 1% of Mid Cap on cut date. IFL constituents with a free float of 5% or less that are existing constituents will be deleted if their net market cap falls below 0.5% of the Mid Cap Additional requirements Instruments will be eligible provided the net market cap is 0.5% or greater than the net market capitalisation of the Small Cap on review cut date and it qualifies in all other respects. Current constituent will be deleted from the index should the net market cap fall to 0.2% or below relative to the Small Cap net market capitalisation on review cut date Secondary lines must pass the free float, liquidity and size hurdles in their own right Ineligible securities Pyramid Status, SPAC Status, ICB code 302050, convertible preference shares and loan stocks are excluded until converted., Exchange Traded Funds (ETFs) and funds whose prices are a direct derivation of underlying holdings (e.g. Unit Trusts, Mutual Funds) Weighting Methodology Free Float Market Cap Weighted Ranking Methodology Ranked by gross market cap Capping Methodology N/A Index Review Semi-annually in March and September Buffer Size Auto Addition: 98.5%; Auto Deletion: 99.5% Dissemination 60 seconds Live Date 2002/06/24 -
Top 40 (J200)
-
The Top 40 Index consists of the 40 most investable companies in the All Share Index (J203). The number of instruments in the index can exceed 40, as some companies issue multiple equity instruments.
Name Top 40 Index Code J200 Alpha Code TOPI Index Category Headline Universe All Share Index (J203) Fixed No. of Companies 40 Liquidity Screening Yes Free Float Screening Minimum of 5% Other Screening N/A Weighting Methodology Free Float Market Cap Weighted Ranking Methodology Ranked by net market cap Capping Methodology N/A Index Review Quarterly in March, June, September and December Buffer Size 5 Dissemination Real Time Live Date 2002/06/24 -
Large Cap (J205)
-
The Large Cap Index represents 85% of the full market cap value of all eligible securities listed on the Main Board of the JSE.
Name Large Cap Index Code J205 Alpha Code LARG Index Category Headline Universe All Share Index (J203) Fixed No. of Companies No Liquidity Screening Yes Free Float Screening Minimum of 5%. Other Screening N/A Weighting Methodology Free Float Market Cap Weighted Ranking Methodology Ranked by gross market cap Capping Methodology N/A Index Review Semi-annually in March and September Buffer Size Auto Addition: 83%; Auto Deletion: 87% Dissemination 15 seconds Live Date 2016/09/19 -
Large & Mid Cap (J206)
-
The Large & Mid Cap Index represents 85% - 96% of the full market cap value of all eligible securities listed on the Main Board of the JSE.
Name Large & Mid Cap Index Code J206 Alpha Code LARM Index Category Headline Universe All Share Index (J203) Fixed No. of Companies No Liquidity Screening Yes Free Float Screening Minimum of 5%. Other Screening N/A Weighting Methodology Free Float Market Cap Weighted Ranking Methodology Ranked by gross market cap Capping Methodology N/A Index Review Semi-annually in March and September Buffer Size Auto Addition: 95%; Auto Deletion: 97% Dissemination 15 seconds Live Date 2016/09/19 -
Mid Cap (J201)
-
The Mid Cap Index represents 85% - 96% of the full market cap value of all eligible securities listed on the Main Board of the JSE
Name Mid Cap Index Code J201 Alpha Code MIDC Index Category Headline Universe All Share Index (J203) Fixed No. of Companies No Liquidity Screening Yes Free Float Screening Minimum of 5%. Other Screening N/A Weighting Methodology Free Float Market Cap Weighted Ranking Methodology Ranked by gross market cap Capping Methodology N/A Index Review Semi-annually in March and September Buffer Size Aut0 Addition: 95%; Auto Deletion: 97% Dissemination 60 seconds Live Date 2002/06/24 -
Small Cap (J202)
-
The Small Cap Index represents 96% - 99% of the full market cap value of all eligible ordinary securities listed on the Main Board of the JSE
Name Small Cap Index Code J202 Alpha Code SMLC Index Category Headline Universe All Share Index (J203) Fixed No. of Companies No Liquidity Screening Yes Free Float Screening Minimum of 5%. Other Screening N/A Weighting Methodology Free Float Market Cap Weighted Ranking Methodology Ranked by gross market cap Capping Methodology N/A Index Review Semi-annually in March and September Buffer Size Aut0 Addition: 98,5%; Auto Deletion: 99.5% Dissemination 60 seconds Live Date 2002/06/24 -
Fledgling (J204)
-
The Fledgling Index represents the lowest 1% of the full market cap value of all eligible ordinary securities listed on the Main Board of the JSE
Name Fledgling Index Code J204 Alpha Code FLED Index Category Headline Universe Ordinary shares listed on the JSE Main Board Fixed No. of Companies No Liquidity Screening No Free Float Screening Minimum of 5%. Ineligible securities Pyramid Status, SPAC Status, ICB code 302050 Weighting Methodology Free Float Market Cap Weighted Ranking Methodology Ranked by gross market cap Capping Methodology N/A Index Review Semi-annually in March and September Buffer Size N/A Dissemination 60 seconds Live Date 2002/06/24