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JSE Mar '24 Rebalance (Part 1): Index Series to Converge, Passives to Sell AGL, INP, MNP

DMA ONE: JSE December ‘23 Rebalance Rankings

Quantitative Equity Analyst, DMA

Charlotte van Tiddens, CFA

Quantitative Equity Analyst

Event-Driven

<ul>
<li>We expect to see large volumes of AGL, MNP and INP to trade in the closing auction due to the index harmonisation.</li>
<li>Passive trackers and hedgers with exposure to vanilla indices will need to sell down their holdings to transition to the SWIX methodology.</li>
<li>The top buys include: NPN, FSR, SBK, GFI, CPI and PRX.</li>
</ul>


We expect to see large volumes of AGL, MNP and INP to trade in the closing auction due to the index harmonisation.
Passive trackers and hedgers with exposure to vanilla indices will need to sell down their holdings to transition to the SWIX methodology.
The top buys include: NPN, FSR, SBK, GFI, CPI and PRX.


JSE March Rebalance Day: Top Sells AGL, MNP & INP

Anglo American

JSE March Rebalance Day: Top Sells AGL, MNP & INP