The time has come to say goodbye to the FTSE/JSE Gold Mining Index
By Dineo Faku
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JOHANNESBURG - THE JSE TERMINATED the FTSE/JSE Gold Mining Index in line with its move to international standards of classification as South African stocks delivered another quarter of double-digit growth in the first quarter of 2021.
Other sub-sectors to be decommissioned are the FTSE/JSE Coal Mining Index, the FTSE/JSE Diamonds & Gemstones Index, the FTSE/JSE Platinum & Precious Metals and the FTSE/JSE General Mining Index.
“Due to these sub-sectors not forming part of one sector anymore, FTSE/ JSE will decommission the five above mentioned ICB Sub-sector Indices following the implementation of the enhanced ICB structure,” said the JSE.