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Definition

An index prepared by the JSE actuaries which is a weighted average of the 30 largest financial and industrial shares trading on the Johannesburg Stock Exchange. The Financial and Industrial 30 index includes the top 30 financial and industrial shares by free-float market capitalisation trading on the JSE. Unlike the JSE-Fin 15, this index does include Naspers and Richemont. At the time of writing, Naspers accounted for over 33% of the index, while Richemont accounted for over 12%. Standard Bank and Firstrand both accounted for about 5% and the rest of the shares were much smaller. The benefit this index has is that it does not contain any commodity shares – but it is still hugely influenced by overseas markets and events which are not directly pertinent to the South African economy.

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