We can define FTSE JSE All Share Index as a South African equity index having forty giant companies that are listed on the prestigious Johannesburg Stock Exchange. Basically, it is the partnership between British Financial Heavyweight FYSE Group and the South African JSE limited. The FTSE Group is the wholly-owned subordinate of the LSE, also known as the London Stock Exchange. The partnership of these big groups makes investing and trading in JSE more acceptable.
Overview of the JSE History
After the discovery of gold in Witwatersrand, various financial and mining companies spring up around Johannesburg, so there was a huge demand for shares from traders and investors in these companies. So, the veteran businessman Benjamin Minors Wallon laid the foundation of the company named Johannesburg Exchange and Chambers on 8 November in 1887 to cater to the needs of companies.
What is a JSE company?
Now, after almost 130 years, 440 companies are registered with Johannesburg Securities Exchange. Although it is not a big number of companies and all of those companies are highly diversified. Mining still plays a significant role with Basic Resources Firms, and when it comes to Market Capitalization, it is in the third number. Additionally, the technology sector has also gotten a lot of popularity in recent years, and it ranked fifth due to massive contributions from the Service Sector, Consumer Products, and Banks.
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What is SOL Sasol?
In 1950, a company called Sasol Limited was a chemical and energy company established in Sasolburg, South Africa. This company has a renowned stock. Furthermore, Sasol has more than thirty thousand employees around the world. In addition to this, it is the biggest corporate taxpayer, and on New York Stock Exchange NYSE, it holds a secondary listing. Roughly 20% of the companies that are listed on JSE have been listed on several other international exchanges as well.
FTSE JSE All Share Index
JSE All Share Index was solely run by the JSE, and it was founded back in June 1995. But now it is named as FTSE JSE All Share Index because it is linked to the FTSE group now.
JSE mainboard listed ordinary securities are qualified to be included in the index subject to liquidity criteria and minimum free float. On a quarterly basis, the composition of the index is usually re-evaluated and usually occurs in March, June, September, and December. Furthermore, both end-of-day data and real-time feeds are available.
In March 2021, the net market cap of all share indexes is more than 8 billion, and in other words, it is 540 billion USD, and details of the sectors it consists of are as follows:
- Basic resources =33%
- Technology=20%
- Consumer Products and Services=9%
- Banks=9%
Now, have a look at the details of the companies:
- Financial Services=25 companies
- Financial Resources=17
- Basic Resources=16
- Industrial Goods=10
- Retailers=10
Final Thoughts
To conclude the discussion, I would like to say that the JSE all share is one of the most famous and influential markets in South Africa. If you want to opt for their services, the details mentioned in this article can help. If you have any questions, ask us in the comments section
