Though the number of companies within the index is relatively small, together they represent over 80% of the JSE listed companies’ market cap. As a result, the JSE Top 40 can give investors a pretty good idea of what’s happening on the South African stock market. The FTSE/JSE Multi-Asset Composite Index Series is a range of fully integrated multi-asset benchmarks designed to provide broad measures of cross-asset market performance.
Exchange Traded Funds (ETFs) are relatively inexpensive and offer flexibility and diversification. Mutual funds track the JSE Top 40 index covering all of the listed companies listed. Mutual funds are a bit more expensive to trade, but they’re one of the best options for long term trading. It looks like good value now, especially for short put traders who make money selling short out-of-the-money put options for extra income. However, gold and platinum group metals shares surged in line with higher metals prices. The JSE’s precious metals and mining index surged 4.9% as the gold price rallied 3% to $1,925.12oz in its biggest one-day jump since mid-March on safe-haven flows.
- Price movements on these or the Asian markets that open earlier may give an indication of the direction that share prices may take.
- The largest stock market in Africa, the Johannesburg Stock Exchange JSE came into existence in 1887.
- The series includes the FTSE/JSE All Bond Index (ALBI), which comprises the top 20 conventional-listed “vanilla” bonds with fixed, semi-annual coupons and the FTSE/JSE Inflation-Linked Index (CILI).
- FirstRand is a financial services provider that operates in South Africa and certain markets in sub-Saharan Africa, the UK, plus India.
Kumba Iron Ore is an iron-ore mining company in South Africa and a successor of Kumba Resources, which was listed on the Johannesburg Securities Exchange. Anglo American Platinum is listed on the JSE Ltd. and is the world’s largest primary producer of platinum. Anglo-American Platinum is based in South Africa with the majority of the company’s operations vantagefx forex broker review taking place in the Bushveld Igneous Complex. South32 is a globally diversified mining and metals company that produces commodities such as bauxite, alumina, aluminum, copper, silver, and more. South32’s main focus falls on growing its base metals exposure, with development options in North America and several partnerships around the world.
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MTN prides itself on leadership, Innovation, Customer relations, and integrity. British American Tobacco is one of the 5 Largest tobacco companies in the world, with popular tobacco brands on offer including Vogue, Chesterfield, and, Pall Mall. More than 65 percent of the shares on the JSE earn their funds in foreign currency. The stock exchange will recover from the current decline which resulted from global inflationary pressures and the war in the Ukraine. In fact, the top ten companies account for nearly 60 percent of the value of the JSE Top 40 with Richemont and Anglo American taking nearly 30 percent of that share. The JSE’s Equity Market connects buyers and sellers interested in exposure to South African listed companies and dual-listed companies from across the globe.
Reinet Investments S.C.A. is a Luxembourg-based investment vehicle with a long-term view of investment opportunities. Reinet Investments are listed on the Luxembourg Stock Exchange, Euronext Amsterdam, and the Johannesburg Stock Exchange. The Bidvest Group Limited (Bidvest Group or Bidvest) is a South African service, trading, and distribution company. Bidcorp is an international broad-line food service group, that provides Bidvest shareholders with an opportunity to participate directly in Bidcorp’s food service operations. The bank operates as a retail bank that serves both individuals and businesses.
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Movements on major international stock exchanges like the Dow Jones Industrial Average and the S&P 500 often give a good indication on the direction that the shares on the JSE will take. Discovery Limited is a South Africa-based financial services group that offers long and short-term insurance, asset management, savings, investment, and employee benefits. Discovery Limited has subsidiaries in South Africa, the United Kingdom, the United States, China, Singapore, and Australia. FirstRand Ltd. also referred to as FirstRand Group is the holding company of FirstRand Bank.
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The top 40 index gave up 0.66%, reflecting a global risk-off tone amid rising geopolitical risks in the Middle East. The JSE ended lower on Friday as the sell-off in mega-cap industrial just2trade review stocks outweighed a sharp rebound in mining stocks. Sibanye-Stillwater is a multinational mining and metals processing group with projects and investments across five continents.
Embed FTSE/JSE Top 40 Chart or Data Table in your website or Share this chart and data table with your friends. A link to view a trade99 review chart with both COT studies applied is also available. This widget shows the latest week’s Commitment of Traders open interest.
FirstRand is a financial services provider that operates in South Africa and certain markets in sub-Saharan Africa, the UK, plus India. The JSE Top 40 index is a fair reflection of what happens to the South African stock market. Even though it contains only 40 out of the roughly 400 shares listed on the JSE, it represents over 80% of the total market cap of all JSE-listed companies. If the rand weakens against the dollar, these companies will repatriate more rands than if the currency strengthens. The most successful traders take the time to understand the factors that affect share price. You’ll find South Africa’s forty largest listed companies on the JSE Top 40 index.
The FTSE/JSE Africa Indices are developed from a long-time partnership that combines FTSE Russell’s multi-asset capabilities with the regional expertise of the JSE. “Generally, the fourth quarter is a good one for global markets and should be no different for JSE. It’s likely the US Federal Reserve will hold off in raising rates in November,” said Greg Katzenellenbogen, senior portfolio manager at Sanlam Private Wealth. Shaftesbury Capital PLC is a UK-based property investment and development company with a focus on sites in the West End of London. Clicks is a retail-led healthcare group in South Africa listed in the Personal Care, Drug, and Grocery Stores sector on the JSE.
Sasol is purpose-driven and resolute in its transition to being a sustainable entity while creating shared value for all its stakeholders. The Vodacom Group is one of Africa’s leading mobile communications companies with approximately 60 million customers throughout the continent. Vodacom is driven by its commitment to digital and financial inclusion. Although BHP products are available for sale worldwide, sales and marketing are led through Singapore and Houston, United States.
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Many investors choose a number of the top companies on the index and then buy individual shares. A seasonal chart is designed to help you visualize how futures contracts have performed during a calendar year. They help show patterns and price trends for commodities whose prices often change with the seasons.
South Africa Top 40 Index
AngloGold Ashanti is an internationally acclaimed South-African gold mining company with a geographically diverse and world-class portfolio of operations and projects. Naspers, established in 1915, is a trusted global consumer internet company and one of the largest technology investors in the world. Naspers’ principal operations are in e-commerce, video entertainment, print, and online media.
The series includes the FTSE/JSE All Bond Index (ALBI), which comprises the top 20 conventional-listed “vanilla” bonds with fixed, semi-annual coupons and the FTSE/JSE Inflation-Linked Index (CILI). A comprehensive range of sector and maturity sub-indices are available for both the ALBI and CILI. The FTSE/JSE Africa Index Series represents the South African equity market and its market segments. Market capitalisation-weighted and alternatively-weighted indices are available, including equally-weighted, shareholder-weighted and capped indices. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
The index is weighted according to the market capitalisation value of the top 40 companies. The performance of the largest companies will, therefore weigh more heavily on the overall index performance. “The current business climate is not conducive to stimulating overall economic activity. Remedying this situation and enhancing the economy’s long-term prospects will require appropriate investments in human capital and fixed capital stock,” it added. SACCI said in a statement that foreign business-related factors had the most positive short-term impact on business confidence in September. The FTSE/JSE Fixed Income Index Series represents the performance of South African bonds.