The South African Market has one separate secondary markets for which indices are calculated:
- Alternative Exchange
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Alternative Exchange (J232)
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The Alternative Exchange Index comprises all eligible companies with classes of ordinary shares listed on the Alternative Exchange. These companies cannot belong to any other FTSE/JSE Index, except for the Alternative Exchange 15 Index (J233), and are adjusted for free float, but not screened for liquidity.
Name Alternative Exchange Index Code J232 Alpha Code ALTI Index Category Seconday Market Universe Ordinary shares listed on the JSE Alternative Exchange Fixed No. of Companies No Liquidity Screening No Free Float Screening Minimum of 5%. Other Screening: Various screens including: Inward Foreign Listings, Secondary Line Size; Pyramid Status Weighting Methodology Free Float Market Cap Weighted Ranking Methodology Ranked by gross market cap Capping Methodology N/A Index Review Quarterly in March, June, September and December Buffer Size N/A Dissemination 60 seconds Live Date 2006/03/20 -
Alternative Exchange 15 (J233)
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The Alternative Exchange 15 Index comprises the top 15 liquid companies, by net market cap, listed on the Alternative Exchange.
Name Alternative Exchange 15 Index Code J233 Alpha Code ALTX Index Category Secondary Market Universe Liquid constituents of the Alternative Exchange Index (J232) Fixed No. of Companies Yes 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 60 seconds Live Date 2007/10/01