Index Change Advice - 20131206 Rebasing of FTSEJSE Industrial Engineering Index J275
Rebasing of FTSE/JSE Africa Industrial Engineering Index (J275)
FTSE/JSE Africa Index Series
6 November 2013
The current capital index value of the FTSE/JSE Africa Industrial Engineering Index
(J275) 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 J275 index by dividing the index value by 10 after close of business
on 5 December 2013. 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 5 December 2013 and before start of trading on 6 December 2013, 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 6 December 2013 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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