Harmony returns to the index, after a fashion
Wednesday, 5 December 2001
BY STAFF REPORTER, ZAFINANCE
[Johannesburg, 5 December 2001] - New changes to the JSE's actuarial indices for derivatives sees gold mining group Harmony returning to the key Alsi 40 index, while the JD Group and Naspers fall out.
According to an announcement today by the JSE and the Actuarial Society of SA, only Harmony will replace JD Group and Naspers N shares in the Alsi 40 when the indices are reconstructed on 20 December, because there are currently 41 shares in the index - due to last month's unbundling of Iscor into Iscor and Kumba.
Similarly, Durban Deep falls out of the Resi 20 for the top 20 resources shares, with no replacement because that index currently has 21 constituents.
Elsewhere, Nail N, Reunert, Aveng, Super Group and Woolworths come into the Indi 25, replacing Datatec, Nu-Clicks, Metcash, MIHH and ABI. Other indices are unchanged.