GEN - FTSE/JSE Africa Index Series - Rebasing of FTSE/JSE Africa Beverages Index
JSE
GEN
GEN - FTSE/JSE Africa Index Series - Rebasing of FTSE/JSE Africa Beverages Index
(J353)
Rebasing of FTSE/JSE Africa Beverages Index (J353)
FTSE/JSE Africa Index Series
31 March 2011
The current capital index value of the FTSE/JSE Africa Beverages Index (J353) is
very high and the index has a small number of constituents. Changes in
constituents` share prices cause exaggerated fluctuations in the index, making
the index more difficult to track.
To ensure seamless distribution and maintain the transparency of the index, JSE
and FTSE will rebase the J353 index by dividing the index value by 1000 after
close of business on 29 April 2011. The index will remain an accurate measure
of market activity in this sector, whilst complying with distribution
requirements. The JSE and FTSE believe this solution will cause minimal
disruption to clients and prevent a similar issue arising again.
Clients with historic database values should apply the rebasing after the close
of trading on 29 April 2011 and before start of trading on 3 May 2011, to ensure
that records remain accurate. High, low, open and close value for the index
will also be affected. All TRI index values, earnings yield and dividend yield
values will remain unchanged.
No official historic values will be issued.
This change will be implemented from the start of trading on 3 May 2011,
provided the Index level does not reach 100,000 points before then; otherwise
this change will have to be implemented with immediate effect. For index
related enquiries or further information about FTSE / JSE please contact:
Client Services in UK: Tel: +44 (0) 20 7866 1810
Client Services in US: Tel: +1 888 747 FTSE (3873) or +1 212 641 6165
Client Services in Asia Pacific: Tel: +852 2230 5803 or +65 6223 3738 or +81 3
3581 2811
JSE Limited: Tel: (27 11) 520 7137 or +520 7106
Or, email your enquiries to info@ftse.com, indices@jse.co.za or visit our
website at www.ftse.com or http://www.jse.co.za/Products/FTSE-JSE.aspx
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Date: 31/03/2011 17:44:01 Produced by the JSE SENS Department.
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