South Africa’s JSE TOP40 Cash Index Constituent Rebalancing

  • Stock Market Analysis

South Africa’s JSE Top40 Index constituents rebalanced

The JSE Top40 Cash Index (J200) has as of Monday the 20th of September, undergone its quarterly rebalancing. The below table highlights the constituent weightings before and after the change.

Company Previous Top40 weighting New Top40 weighting Weighting difference

ABSA Group

1.53%

1.59%

0.06%

Anglo American Plc

10.57%

10.97%

0.39%

Anglo American Platinum

1.21%

1.26%

0.05%

AngloGold Ashanti

1.35%

1.40%

0.05%

Aspen Pharmacare

1.26%

1.30%

0.05%

BHP Group

12.47%

12.93%

0.47%

Bidcorp

1.52%

1.57%

0.06%

British American Tobacco

2.03%

2.04%

0.01%

Bidvest

0.95%

0.99%

0.04%

Compagnie Richemont

11.56%

11.99%

0.43%

Clicks Group

1.06%

1.10%

0.04%

Capitec Bank

2.28%

2.36%

0.08%

Discovery Ltd

0.77%

0.80%

0.03%

Exxaro Resources

0.69%

0.70%

0.01%

Firstrand

4.36%

4.52%

0.16%

Goldfields

1.59%

1.65%

0.06%

Glencore

0.85%

0.95%

0.09%

Growthpoint Properties

0.70%

0.73%

0.03%

Impala Platinum

2.08%

2.22%

0.14%

Investec Ltd

0.24%

0.24%

0.01%

Investec Plc

0.54%

0.56%

0.02%

Multichoice Group

0.66%

0.69%

0.02%

Mondi

2.74%

2.84%

0.10%

Mr Price Group

0.75%

0.78%

0.03%

MTN Group

3.32%

3.44%

0.12%

Nedbank

0.90%

0.93%

0.03%

Northam Platinum

0.88%

0.91%

0.03%

Naspers

7.15%

7.42%

0.27%

Nepi Rockastle

0.64%

0.66%

0.02%

Old Mutual Group

1.07%

1.11%

0.04%

Prosus

8.71%

5.33%

-3.38%

Remgro Ltd

0.88%

0.92%

0.03%

Reinet

0.58%

0.56%

-0.03%

Standard Bank Group

2.68%

2.78%

0.10%

Shoprite Holdings

1.28%

1.33%

0.05%

Sanlam

1.60%

1.66%

0.06%

Sasol

1.98%

2.05%

0.07%

Spar Group

0.56%

0.59%

0.02%

Sibanye Stillwater

2.05%

2.10%

0.05%

Vodacom

1.20%

1.24%

0.04%

Woolworths Holdings

0.75%

0.78%

0.03%

While the vast majority of shares within the index have seen a marginal weighting increase, Prosus and Reinet are the securities whose weightings have been diminished.

There have been no changes to the securities making up the JSE Top40 Index for this quarter.

Top 10 weightings in the JSE TOP40 Index

Traders of the South Africa 40 Cash Index will note that the 10 largest constituents of the JSE Top40 Index are The BHP Group, Richemont, Anglo American Plc, Naspers, Prosus, Firstrand, MTN, Standard Bank and Capitec Bank.

Largest weightings in the JSE Top40 Index

The ten largest companies on the Top40 index account for roughly a 65% weighting in the index.

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