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Thursday, January 1, 2009
JSE measure

Last month the JSE revealed a change to the FTSE/JSE Top 40 Index of blue chip companies. Companies Growthpoint and Pick ‘n Pay will now be included in the index replacing Murray and Roberts and Aveng.

All changes relating to constituents, sectors, free float and shares in issue were to be applied after the close of business on 19th December 2008 and be effective on 22nd December 2008. Constituents of the FTSE/JSE Top 40 Index are reviewed on a quarterly basis.
The main benefit to a company to being included in the FTSE/JSE Top 40 Index is that this increases visibility to investors and attracts large investments through funds that track the index.
The index contains the largest 40 stocks by market capitalisation listed on the JSE. Not all listed companies automatically make it into an index as they have to comply with the indices rules which set qualification criteria for inclusion in this index.
 

Copyright © Insurance Times and Investments® Vol:22.1 1st January, 2009
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