What is the FTSE JSE Top 40 index?

What is the FTSE JSE Top 40 index?

What is the FTSE JSE Top 40 index?

The FTSE/JSE Top 40 Index consists of the largest 40 companies ranked by investable market value in the FTSE/JSE All-Share Index. The index is designed for use in the creation of index tracking funds, derivatives and as a performance benchmark. Stocks are selected and weighted to ensure that the index is investable.

What is the FTSE JSE all share index?

The JSE FTSE ALL SHARE INDEX represents 99% of the full market capital value (before the application of any investable weighting) of all ordinary securities listed on the main board of the JSE, subject to minimum free float and liquidity criteria.

What are top 40 shares?

The Top 40 index is the 40 biggest companies on the JSE, ranked by market capitalisation, or market cap. The market cap of a company is the number of shares outstanding times the current share price.

What is the stock index for South Africa?

South Africa Indices

S. Africa 40 63,487 +0.39%
S&P 500 4,067.00 -0.43%
Nasdaq 100 12,481.75 -0.62%
Dow Jones 32,465.00 -0.36%
Hang Seng 20,551.0 -0.12%

What is the best shares to buy in South Africa?

11 South African stocks to watch in 2022, according to Bank of…

  • Shoprite.
  • Bidvest.
  • Barloworld. In Industrials, BofA said it likes Barloworld and Bidvest given attractive valuations and strong earnings momentum.
  • Bidcorp.
  • Netcare.
  • Aspen.
  • MTN.

What does JSE mean?

JSE – Johannesburg Stock Exchange.

Which JSE shares to buy right now?

Best JSE Shares to Buy

  1. Gold Fields Limited. As ever, gold is a great safe-haven investment as its price continues to rise despite ongoing volatility in other market areas.
  2. Naspers.
  3. British American Tobacco.
  4. Tesla.
  5. Anglo American Plc.

What shares should I buy now in South Africa?

“Our top picks are Shoprite, Clicks, Mr Price and Bidcorp,” it said. “That said, key cyclicals trade at compelling valuations.” BofA said it has buy ratings on TFG, Truworths & Massmart.