FTSE/JSE Top 40 Index

The FTSE/JSE Top 40 Index is a South African stock market index. The index consists of the 40 largest stocks in the FTSE/JSE All-Share Index of the Johannesburg Stock Exchange by market capitalization. The index was published on June 24, 2002, with a base value of 10,300.31 points.

FTSE/JSE Top 40 Index

Foundation	2002
Exchanges	Johannesburg Stock Exchange
Constituents	40
Weighting method	Capitalization-weighted

Components

The index components in February 2024.^[1]

Name	Sector	Logo
Absa Group	Finance
Anglo American	Mining
Anglo American Platinum	Mining
Anglogold Ashanti	Mining
AB InBev	Beverages
Aspen Pharmacare	Pharmaceuticals
BHP	Mining
BidCorp	Food
Bidvest Group	Holding
British American Tobacco	Tobacco
Capitec Bank Holdings	Banking
Clicks Group	Pharmaceutivals
Discovery	Finance
Exxaro Resources	Mining
FirstRand	Bank
Glencore	Mining
Gold Fields	Mining
Growthpoint Properties	Real estate
Impala Platinum	Mining
Investec	Banking
Mondi	Paper
Mr Price Group	Retail
MTN Group	Telecommunications
MultiChoice	Media
Naspers	Media
Nedbank	Banking
NEPI Rockcastle	Real estate
Northam Platinum	Mining
Old Mutual	Insurance
Prosus	Investments
Reinet Investments	Investments
Remgro	Investments
RMB Holdings	Finance
Sanlam	Insurance
Sasol	Chemicals
Shoprite	Retail
Standard Bank	Banking
Vodacom	Telecommunications
Woolworths Holdings	Retail

Annual returns

The following table shows the annual development of the FTSE/JSE Top 40 Index since 1996.^[2]

Year	Closing level	Change in index (in points)	Change in index (in %)
1996	5,800.07	361.34	6.64
1997	5,072.13	−727.94	−12.55
1998	4,562.63	−509.50	−10.05
1999	7,981.01	3,418.38	74.92
2000	8,038.84	57.83	0.72
2001	10,074.38	2,035.54	25.32
2002	8,682.03	−1392.35	−13.82
2003	9,495.76	813.73	9.37
2004	11,405.72	1,909.96	20.11
2005	16,438.05	5,032.33	44.12
2006	22,607.16	6,169.11	37.53
2007	26,250.29	3,643.13	16.11
2008	19,444.40	−6,805.89	−25.93
2009	24,996.97	5,552.57	28.56
2010	28,639.40	3,642.43	14.57
2011	28,469.81	−169.59	−0.59
2012	34,795.50	6,325.69	22.22
2013	41,482.39	6,686.89	19.22
2014	43,969.96	2,487.57	6.00
2015	45,797.30	1,827.34	4.16
2016	43,901.99	−1,895.31	−4.14
2017	52,533.04	8,631.05	19.66
2018	46,726.59	−5,806.45	−12.83
2019	50,816.05	4,089.46	8.75
2020	54,379.58	3,563.53	7.01
2021	67,052.40	12,672.82	23.30
2022	66,955.50	−96.90	−0.14
2023	70,494.80	3,593.30	5.29