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JSE Top 40 (SA40)
An index of the 40 largest companies on the JSE by market value: the market’s headline number.
Officially the FTSE/JSE Top 40, ticker J200. Many brokers call it the SA40. It is weighted by free-float market value and includes miners, banks, insurers and global companies listed in Johannesburg.
More terms
- Price to earnings (P/E)The share price divided by the profit per share: how many years of today’s profit you pay for.
- Dividend yieldThe dividends paid over the last year as a percentage of today’s share price.
- Ex-dividend dateThe first day a share trades without its next dividend.
- Payout ratioThe share of its profit a company pays out as dividends.
- Market value (market capitalisation)The share price times the number of shares: what the market says the whole company is worth.
- IndexOne number that tracks a basket of shares, so you can see how a whole market or sector is doing.
- Every term ↗
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