In today’s briefing:
- JPX-Nikkei 400 Rebal 2024: End-Aug 2023
- SBI Shinsei Bank (8303) EGM Done. TOPIX Removal on Weds, Last Day Is 27 Sep, Money Comes Next Year.
JPX-Nikkei 400 Rebal 2024: End-Aug 2023
- JPX-Nikkei 400 is composed of common stocks listed on the Tokyo Stock Exchange. It is a free-float-adjusted market-value-weighted (capped) index composed of 400 constituents.
- A periodic review is conducted by the Index providers, the JPX Group and Nikkei Inc, in August every year. We look at the potential forward inclusions and removals every month.
- Below is a look at potential Inclusions and Removals for the JPX-Nikkei 400 Rebalance to come in August 2024 based on trading data as of end-August 2023.
SBI Shinsei Bank (8303) EGM Done. TOPIX Removal on Weds, Last Day Is 27 Sep, Money Comes Next Year.
- Today, the EGM to approve the share consolidation (resulting in minority squeezeout and delisting) took place.
- It was a done deal. So now it is done.
- All that remains is for the technically adept to do what they expect they need to do.
💡 Before it’s here, it’s on Smartkarma
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