The South African Market has one separate secondary markets for which indices are calculated:

  • Alternative Exchange

 

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
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