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GEN - FTSE/JSE Africa Index Series - Rebasing of FTSE/JSE Africa Media Index

Release Date: 31/03/2011 17:43
Code(s): JSE
Wrap Text

GEN - FTSE/JSE Africa Index Series - Rebasing of FTSE/JSE Africa Media Index (J555) Rebasing of FTSE/JSE Africa Media Index (J555) FTSE/JSE Africa Index Series 31 March 2011 The current capital index value of FTSE/JSE Africa Media Index (J555) 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 to maintain the transparency of the index, JSE and FTSE will rebase the J555 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 Terms of Use | Copyright Copyright FTSE Date: 31/03/2011 17:43:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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