GEN - FTSE/JSE Africa Index Series - Rebasing of FTSE/JSE Africa General
JSE
GEN
GEN - FTSE/JSE Africa Index Series - Rebasing of FTSE/JSE Africa General
Industrials Index
Rebasing of FTSE/JSE Africa General Industrials Index (J272)FTSE/JSE Africa
Index Series
2 April 2012
The current capital index value of the FTSE/JSE Africa General Industrials Index
(J272) 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 J272 index by dividing the index value by 1000 after
close of business on 26 April 2012. 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 26 April 2012 and before start of trading on 2 May 2012, 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 2 May 2012,
provided the Index level does not reach 100,000 points before then; otherwise
this change will have to be implemented with immediate effect.
FREE TRIAL OFFER: FTSE offers free one month index trials to interested clients.
For further information or general enquiries please contact us at info@ftse.com
or indices@jse.co.za or call:
Client Services in UK: Tel: +44 (0) 20 7866 1810
Client Services in Europe,
Middle East & Africa: Tel: +44 (0) 20 7866 1810
Client Services in US: Tel: +1 888 747 FTSE (3873) or
+1 212 314 1139
Client Services in Asia Pacific: Tel: +852 2164 3333 or
+65 6223 3738 or
+81 3 3581 2811
JSE Limited: Tel: (+27 11) 520 7106 or
+ (+27 11) 520 7137
Alternatively please visit our website at www.ftse.com or www.ftsejse.co.za
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Date: 03/04/2012 07:08:19 Produced by the JSE SENS Department.
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