FTSE/JSE All-Share Index

Last updated

FTSE/JSE All-Share Index
Foundation1978
Exchanges Johannesburg Stock Exchange
Weighting method Capitalization-weighted
Website FTSE/JSE All-Share Index homepage

The FTSE/JSE All-Share Index is the most important stock market index in South Africa. It comprises all companies listed on the Johannesburg Stock Exchange. The 40 largest stocks by market capitalization are combined in the FTSE/JSE Top 40 Index.

Contents

Index

The FTSE/JSE All-Share Index is a price index in which all public limited companies of the Johannesburg Securities Exchange (JSE) are listed. They cover 99 percent of the exchange's market capitalization and trading volume. To be included in the index, the company must be financially viable, have high liquidity and be traded on the Johannesburg Stock Exchange. [1]

The index level is determined solely on the basis of share prices. The weighting is based on the market capitalization of the listed companies. Corporate actions such as share splits have no (distorting) influence on the index. The composition of the index is reviewed two times a year. The calculation is updated every 60 seconds during JSE trading hours. [1]

History

The index was first published on October 2, 1978, under the name JSE Actuaries Overall Index (base value: 264.30 points) and was calculated back to 1960 (daily prices) and 1926 (monthly prices). [2] By October 19, 1987, the index had risen by 960.9% to a closing level of 2,804 points. After Black Monday the JSE Actuaries fell again. On December 10, 2001, the index closed above the 10,000-point mark for the first time at 10,030.17 points.

On June 24, 2002, the FTSE Group took over the calculation of the index. To reflect this change, the JSE Actuaries Overall Index was renamed the FTSE/JSE All-Share Index. The base value is 10,815.08 points, the closing level of the old index on June 21, 2002.

Annual returns

The following table shows the annual development of the FTSE/JSE All-Share Index since 1975. [3] [4]

YearClosing levelChange in index
(in points)
Change in index
(in %)
1975226.30
1976201.60−24.70−10.91
1977243.1041.5020.59
1978310.7067.6027.81
1979565.00254.3081.85
1980746.80181.8032.18
1981692.20−54.60−7.31
1982879.20187.0027.02
1983950.0070.808.05
1984984.2034.203.60
19851,322.80338.6034.40
19861,972.70649.9049.13
19871,820.00−152.70−7.74
19881,990.00170.009.34
19892,976.00986.0049.55
19902,719.74−256.26−8.61
19913,440.31720.5726.49
19923,258.76−181.55−5.28
19934,892.991,634.2350.15
19945,866.91973.9219.90
19956,228.42361.516.16
19966,657.53429.116.89
19976,202.31−455.22−6.84
19985,430.48−771.84−12.44
19998,542.783,112.3057.31
20008,326.19−216.59−2.54
200110,441.682,115.4925.41
20029,277.22−1.164,46−11.15
200310,387.221,110.0011.96
200412,656.862,269.6421.85
200518,096.545,439.6842.98
200624,915.206,818.6637.68
200728,957.974,042.7716.23
200821,509.20−7.448,77−25.72
200927,666.456,157.2528.63
201032,118.894,452.4416.09
201131,985.67−133,22−0.41
201239,250.247,264.5722.71
201346,256.237,005.9915.15
201449,770.603,514.377.06
201550,693.76923.161.82
201650,653.54−40.22−0.08
201759,504.678,851.1317.47
201852,736.86−6,767.81−12.83
201957,084.104,347.248.24
202059,408.682,324.584.07
202173,709.3914,300.7124.07
202273,048.57−660.820.90
202376.893,153,844.585.26

Related Research Articles

<span class="mw-page-title-main">Nasdaq</span> American stock exchange

The Nasdaq Stock Market is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. Although it trades stock of healthcare, financial, entertainment, retail, and food businesses, it focuses more on technology stocks.

<span class="mw-page-title-main">Market capitalization</span> Total value of a public companys outstanding shares

Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders.

<span class="mw-page-title-main">CAC 40</span> Blue chip stock market index

The CAC 40 is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant stocks among the 100 largest market caps on the Euronext Paris. It is a price return index. It is one of the main national indices of the pan-European stock exchange group Euronext alongside Euronext Amsterdam's AEX, Euronext Brussels' BEL20, Euronext Dublin's ISEQ 20, Euronext Lisbon's PSI-20 and the Oslo Bors OBX Index. It is an index without dividends. Cotation operates every working day from 9:00 a.m. to 5:30 p.m. It is updated every 15 seconds.

<span class="mw-page-title-main">Wilshire 5000</span> Stock market index

The Wilshire 5000 Total Market Index, or more simply the Wilshire 5000, is a market-capitalization-weighted index of the market value of all American stocks actively traded in the United States. As of December 31, 2023, the index contained 3,403 components. The index is intended to measure the performance of most publicly traded companies headquartered in the United States, with readily available price data. Hence, the index includes a majority of the common stocks and REITs traded primarily through New York Stock Exchange, NASDAQ, or the American Stock Exchange. Limited partnerships and ADRs are not included. It can be tracked by following the ticker ^FTW5000.

<span class="mw-page-title-main">KOSPI</span> Korean stock market index

The Korea Composite Stock Price Index or KOSPI (Korean: 한국종합주가지수) is the index of all common stocks traded on the Stock Market Division—previously, Korea Stock Exchange—of the Korea Exchange. It is the representative stock market index of South Korea, analogous to the S&P 500 in the United States.

The IBEX 35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles (BME), the company which runs Spain's securities markets. It is a market capitalization weighted index comprising the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index and is reviewed twice annually. Trading on options and futures contracts on the IBEX 35 is provided by MEFF, another subsidiary of BME.

The SSE Composite Index also known as SSE Index is a stock market index of all stocks that are traded at the Shanghai Stock Exchange.

Russell indexes are a family of global stock market indices from FTSE Russell that allow investors to track the performance of distinct market segments worldwide. Many investors use mutual funds or exchange-traded funds based on the FTSE Russell Indexes as a way of gaining exposure to certain portions of the U.S. stock market. Additionally, many investment managers use the Russell Indexes as benchmarks to measure their own performance. Russell's index design has led to more assets benchmarked to its U.S. index family than all other U.S. equity indexes combined.

<span class="mw-page-title-main">Nairobi Securities Exchange</span> Stock exchange of Nairobi, Kenya

The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya. The exchange had 66 listed companies in February 2021.

<span class="mw-page-title-main">Indonesia Stock Exchange</span> Stock exchange

Indonesia Stock Exchange (IDX) is a stock exchange based in Jakarta, Indonesia. It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in 2007 after merging with the Surabaya Stock Exchange (SSX). In recent years, the Indonesian Stock Exchange has seen the fastest membership growth in Asia. As of January 2024, the Indonesia Stock Exchange had 903 listed companies, and total stock investors were about 6.4 million, compared to 2.5 million at the end of 2019. Indonesia Market Capitalization accounted for 45.2% of its nominal GDP in December 2020. Founded on 30 November 2007, it is ASEAN's largest market capitalization at US$744 billion as of 15 December 2023.

<span class="mw-page-title-main">Bolsa de Madrid</span>

Bolsa de Madrid is the largest and most international of Spain's four regional stock exchanges that trade shares and convertible bonds and fixed income securities, and both government and private-sector debt. Bolsa de Madrid is owned by Bolsas y Mercados Españoles.

The S&P/ASX 200 (XJO) index is a market-capitalisation weighted and float-adjusted stock market index of stocks listed on the Australian Securities Exchange. The index is maintained by Standard & Poor's and is considered the benchmark for Australian equity performance. It is based on the 200 largest ASX listed stocks, which together account for about 82% of Australia's share market capitalisation.

<span class="mw-page-title-main">Ho Chi Minh City Stock Exchange</span> Securities trading center in Vietnam

Ho Chi Minh Stock Exchange, formerly the HCMC Securities Trading Center (HoSTC), is a stock exchange in Ho Chi Minh City, Vietnam. It was established in 1998 under Decision No. 127/1998/QD-TTg of the Prime Minister of Vietnam. HCM Securities Trading Center officially opened on July 20, 2000, and had its first trading session on July 28, 2000, with two listed companies and six security company members.

A capitalization-weightedindex, also called a market-value-weighted index is a stock market index whose components are weighted according to the total market value of their outstanding shares. Every day an individual stock's price changes and thereby changes a stock index's value. The impact that individual stock's price change has on the index is proportional to the company's overall market value, in a capitalization-weighted index. In other types of indices, different ratios are used.

The SET50 and SET100 Indices are the primary stock indices of Thailand. The constituents of both lists are companies listed on the Stock Exchange of Thailand (SET) in Bangkok.

The S&P/ASX 300, or simply, ASX 300, is a stock market index of Australian stocks listed on the Australian Securities Exchange (ASX). The index is market-capitalisation weighted, meaning each company included is in proportion to the indexes total market value, and float-adjusted, meaning the index only considers shares available to public investors.

<span class="mw-page-title-main">Stock market index</span> Financial metric which investors use to determine market performance

In finance, a stock index, or stock market index, is an index that measures the performance of a stock market, or of a subset of a stock market. It helps investors compare current stock price levels with past prices to calculate market performance.

The FTSE/JSE Top 40 Index is a South African stock market index. The index consists of the 40 largest stocks in the FTSE/JSE All-Share Index of the Johannesburg Stock Exchange by market capitalization. The index was published on June 24, 2002, with a base value of 10,300.31 points.

References

  1. 1 2 "All Share (J203) | Johannesburg Stock Exchange". www.jse.co.za. Retrieved February 13, 2024.
  2. TopForeignStocks: Historical Total Returns Chart
  3. Meridian Securities Markets (Hrsg.): World Stock Exchange Fact Book, Electronic Commerce Inc., Morris Plains NJ 1999, ISBN 1-891518-09-7
  4. "All Share Index (^J203.JO) Historical Data - Yahoo Finance" . Retrieved February 12, 2024.