Quantitative Equity Analyst, DMA

Charlotte van Tiddens, CFA

Quantitative Equity Analyst

Technology-First Company

DMA is a technology-first company that provides an end-to-end SaaS solution to institutional investors. DMA enables regulated entities like asset managers, wealth managers, investment managers and financial advisors to connect their front and back office, break silos and reduce headcount.

Index Rebalance

Aspen Pharmacare Holdings / Index Rebalance

Aspen Pharmacare Holdings Limited is a global supplier of branded and generic pharmaceuticals and of consumer and nutritional products in selected territories.

<ul>
<li>On Monday night, the price snapshot was taken for the JSE September 2026 rebalance. APN is expected to enter the Top 40 index with WHL exiting, MTM is expected to enter the FINDI, with WHL falling out.</li>
<li>There are no changes expected for the INDI, RESI and FINI indices.</li>
<li>The JSE rebalance is scheduled for the closing auction on Friday 18th September.</li>
</ul>


On Monday night, the price snapshot was taken for the JSE September 2026 rebalance. APN is expected to enter the Top 40 index with WHL exiting, MTM is expected to enter the FINDI, with WHL falling out.
There are no changes expected for the INDI, RESI and FINI indices.
The JSE rebalance is scheduled for the closing auction on Friday 18th September.


DMA | JSE Sep26 Index Rebalance: Projected Index Changes, APN Expected to Enter Top40

The FTSE/JSE Top40 Index is a capitalization weighted index. Companies included in this index are the 40 largest companies by market capitalization included in the FTSE/JSE All Shares Index. The index was developed with a base value of 10399.53 as of June 21, 2002.

<ul><li>JSE indices are due for rebalancing in the closing auction today. There will be no constituent changes to the Top 40, All Share, FINI, FINDI, INDI or RESI.</li><li>Naspers and Prosus are currently only capped in the Top 40, not the ALSI.</li><li>Naspers and Prosus will not be capped in the Capped Top 40 this quarter – both constituents sold off on a relative basis since the March rebalance; this explains the upweight in the Capped Top 40 relative to the Top 40 index.</li></ul>

JSE indices are due for rebalancing in the closing auction today. There will be no constituent changes to the Top 40, All Share, FINI, FINDI, INDI or RESI.Naspers and Prosus are currently only capped in the Top 40, not the ALSI.Naspers and Prosus will not be capped in the Capped Top 40 this quarter – both constituents sold off on a relative basis since the March rebalance; this explains the upweight in the Capped Top 40 relative to the Top 40 index.

DMA JSE June 26 Rebalance: No Changes to the Top 40 | MTN, CPI Top Buys, AGL, ANG, BTI Top Sells

Pan African Resources PLC is a mid-tier African-focused gold producer. The group produces gold from underground operations and from surface tailings and is one of the lowest cash-cost producers of gold in Southern Africa.

<ul>
<li>JSE indices are due for rebalancing in the closing auction tomorrow.</li>
<li>PAN will enter the Top 40, with MNP falling out.</li>
<li>JSE equity derivatives close out at midday today – a reminder to get those rolls in.</li>
</ul>


JSE indices are due for rebalancing in the closing auction tomorrow.
PAN will enter the Top 40, with MNP falling out.
JSE equity derivatives close out at midday today – a reminder to get those rolls in.


JSE March 2026 Rebalance : PAN to Enter T40, MNP Falling Out

<ul><li>JSE indices are due for rebalancing in the closing auction on Friday.</li><li>There will be no changes to the Top 40 index. GLN will be added to the RESI 10 and BHG will be deleted.</li><li>ISO will be added to ALSI (+Small Cap index), the exposure is estimated to be c 3bps of the Capped ALSI.</li></ul>

JSE indices are due for rebalancing in the closing auction on Friday.There will be no changes to the Top 40 index. GLN will be added to the RESI 10 and BHG will be deleted.ISO will be added to ALSI (+Small Cap index), the exposure is estimated to be c 3bps of the Capped ALSI.

JSE December 2025 Rebalance: No Top 40 Changes

Glencore plc is a diversified natural resources company. The Company operates in three groups, metals and minerals, energy products, and agricultural products. Glencore offers its products and services around the world.

<ul>
<li>JSE indices are due for rebalancing in the closing auction on Friday.</li>
<li>GLN will enter the Top 40, with APN falling out (projections sent out on 26 Aug, confirmed by the JSE on Wednesday 3 Sep).</li>
<li>There is quite a bit on the go on the economic calendar this week – FOMC on Wednesday evening, BOE and SARB on Thursday. </li>
</ul>


JSE indices are due for rebalancing in the closing auction on Friday.
GLN will enter the Top 40, with APN falling out (projections sent out on 26 Aug, confirmed by the JSE on Wednesday 3 Sep).
There is quite a bit on the go on the economic calendar this week – FOMC on Wednesday evening, BOE and SARB on Thursday. 


JSE September ’25 Rebalance: GLN to Enter Top 40, APN to Be Deleted

Quant Analyst at DMA. DMA is a technology-first company that provides an end-to-end SaaS solution to institutional investors. DMA enables regulated entities like asset managers, wealth managers, investment managers and financial advisors to connect their front and back office, break silos and reduce headcount.