Headline

There are five indices that make up the Headline Category: the All Share Index (J203), the Top 40 Index (J200), 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).

 Index Details

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  • All Share (J203)

    The All Share Index represents 99% of the full market cap of all eligible equities listed on the Main Board of the JSE. The All Share Index can further be split by size into the Top 40, Mid Cap & Small Cap Indices.
    CharacteristicDescription
    NameAll Share
    Index CodeJ203
    Alpha CodeALSH
    Index CategoryHeadline
    UniverseOrdinary shares listed on the JSE Main Board
    Fixed No. of CompaniesNo (160 companies in December / 99%)
    Liquidity ScreeningYes
    Free Float ScreeningMinimum of 15%
    Other ScreeningVarious screens including: Inward Foreign Listings, Secondary Line Size; Pyramid Status
    Weighting MethodologyFree Float Market Cap Weighted (USD)
    Capping MethodologyN/A
    Index ReviewQuarterly in March, June, September and December
    Buffer SizeN/A
    Dissemination60 seconds
    Live Date2002/06/24
  • Top 40 (J200)

    The Top 40 Index represents the forty largest companies which are constituents of the All Share Index (J203), ranked by full market capitalisation. The number of constituents can exceed 40, as some companies issue multiple equity instruments.
    CharacteristicDescription
    NameTop 40
    Index CodeJ200
    Alpha CodeTOPI
    Index CategoryHeadline
    UniverseAll Share Index (J203)
    Fixed No. of Companies40
    Liquidity ScreeningYes
    Free Float ScreeningMinimum of 15%
    Other ScreeningN/A
    Weighting MethodologyFree Float Market Cap Weighted
    Capping MethodologyN/A
    Index ReviewQuarterly in March, June, September and December
    Buffer Size5
    DisseminationReal Time
    Live Date2002/06/24
  • Mid Cap (J201)

    The Mid Cap Index represents the next sixty largest companies from the All Share Index (J203), ranked by full market capitalisation, after the selection of the Top 40 Index (J200) constituents.
    CharacteristicDescription
    NameMid Cap
    Index CodeJ201
    Alpha CodeMIDC
    Index CategoryHeadline
    UniverseAll Share Index (J203)
    Fixed No. of Companies60
    Liquidity ScreeningYes
    Free Float ScreeningMinimum of 15%
    Other ScreeningN/A
    Weighting MethodologyFree Float Market Cap Weighted
    Capping MethodologyN/A
    Index ReviewQuarterly in March, June, September and December
    Buffer Size15
    Dissemination60 seconds
    Live Date2002/06/24
  • Small Cap (J202)

    The Small Cap Index consists of the remaining companies from the All Share Index (J203) after the selection of the Top 40 Index (J200) and Mid Cap Index (J201) constituents.
    CharacteristicDescription
    NameSmall Cap
    Index CodeJ202
    Alpha CodeSMLC
    Index CategoryHeadline
    UniverseAll Share Index (J203)
    Fixed No. of CompaniesNo (60 companies in December)
    Liquidity ScreeningYes
    Free Float ScreeningMinimum of 15%
    Other ScreeningN/A
    Weighting MethodologyFree Float Market Cap Weighted
    Capping MethodologyN/A
    Index ReviewQuarterly in March, June, September and December
    Buffer SizeN/A
    Dissemination60 seconds
    Live Date2002/06/24
  • Fledgling (J204)

    The Fledgling Index consists of all ordinary shares, listed on the JSE Main Board, which comply with the eligibility criteria for Index inclusion, but are too small to be included in the All Share Index (J203). Fledgling constituents are not tested for liquidity.
    CharacteristicDescription
    NameFledgling
    Index CodeJ204
    Alpha CodeFLED
    Index CategoryHeadline
    UniverseOrdinary shares listed on the JSE Main Board
    Fixed No. of CompaniesNo
    Liquidity ScreeningNo
    Free Float ScreeningMinimum of 15%
    Other ScreeningVarious screens including: Inward Foreign Listings, Secondary Line Size; Pyramid Status.
    Weighting MethodologyFree Float Market Cap Weighted
    Capping MethodologyN/A
    Index ReviewAnnually in December
    Buffer SizeN/A
    Dissemination60 seconds
    Live Date2002/06/24

 

 

 

 

 

 

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