Description

This index will Provide the overall performance of the SA stock market (JSE) by tracking the market cap of 11 prominent companies. The index is aimed to serve as a benchmark for investors to gauge the health and direct of the SA economy. The selection of the 11 companies is based on their reputation, size, and market influence. The index is calculated using a price-weighted methodology, where companies with higher stock prices have a greater impact on the index's movement. The index thesis represents a basket of 11 large and influential companies traded on the JSE. Investing in the 10INDEX offers a compelling investment thesis for several reasons. Firstly, it provides exposure to a diverse range of industry sectors, thus spreading risk across various segments of the economy. Secondly, the index comprises well-established companies with strong market positions.