Index Change Advice - 20141016 Rebasing of FTSEJSE Food Producers Capital Index J357
Rebasing of FTSE/JSE Food Producers Capital Index (J357)
FTSE/JSE Africa Index Series
16 September 2014
The current Capital Index value of the FTSE/JSE Africa SA Food Producers Index (J357)
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 Capital Index value of the J357 index by dividing the index value by
10 after close of business on 15 October 2014. 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 15 October 2014 and before start of trading on 16 October 2014, 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 16 October 2014 provided the
Index level does not reach 100,000 points before then; otherwise this change will have
to be implemented with immediate effect.
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 & Tel: +44 (0) 20 7866 1810
Africa:
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 7137
Alternatively please visit our website at www.ftse.com or www.ftsejse.co.za
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