Secondary Market

The South African Market has three separate secondary markets:

  • Development Capital
  • Venture Capital
  • Alternative Exchange

Indices are calculated for these secondary markets.

 Index Details

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  • Development Capital (J230)

    The Development Capital Index comprises small to medium size companies, with limited profit history, requiring start-up investment capital.
    CharacteristicDescription
    NameDevelopment Capital
    Index CodeJ230
    Alpha CodeDEVC
    Index CategorySecondary Market
    UniverseOrdinary Shares listed on the Development Capital Board
    Fixed No. of CompaniesNo
    Liquidity ScreeningNo
    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
  • Venture Capital (J231)

    The Venture Capital Index comprises companies specialising in the holding of portfolio investments in venture capital projects and/or single venture companies.
    CharacteristicDescription
    NameVenture Capital
    Index CodeJ231
    Alpha CodeVENC
    Index CategorySecondary Market
    UniverseOrdinary Shares listed on the Venture Capital Board
    Fixed No. of CompaniesNo
    Liquidity ScreeningNo
    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
  • Alternative Exchange (J232)
    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.
    CharacteristicDescription
    NameAlternative Exchange
    Index CodeJ232
    Alpha CodeALTI
    Index CategorySecondary Market
    UniverseOrdinary Shares listed on the JSE Alternative Exchange
    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 ReviewQuarterly in March, June, September and December
    Buffer SizeN/A
    Dissemination60 seconds
    Live Date2006/03/20
  • Alternative Exchange 15 (J233)

    The Alternative Exchange 15 Index comprises the top 15 liquid companies, by full market cap, listed on the Alternative Exchange.        

    CharacteristicDescription
    NameAlternative Exchange 15
    Index CodeJ233
    Alpha CodeALTX
    Index CategorySecondary Market
    UniverseLiquid constituents of the Alternative Exchange Index (J232)
    Fixed No. of CompaniesYes
    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
    Dissemination60 seconds
    Live Date2007/10/01

 

 

 

 

Power Hour - 08 June 2017Power Hour - 08 June 2017https://www.jse.co.za/events/power-hour-08062017, https://www.jse.co.za/events/power-hour-080620175/25/2017 10:00:00 PM

 

 

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