Printer Friendly

Japan : Russell/Nomura Indexes Annual Reconstitution.

Nomura Securities Co., Ltd. and FTSE Russell Indexes today announced that the Russell/Nomura Japan Equity Indexes' annual reconstitution for 2017 has been implemented. The number of constituents in the Russell/Nomura Total Market Index, which captures 98% of the float-adjusted market capitalization of the Japanese equity market, came to 1,600.

The total number of firms in the Russell/Nomura Total Market Index was 1,600 as a result of 151 additions and 37 deletions. The total capitalization of the Index was approximately 430 trillion yen (as of October 13, 2017, float-adjusted).

The number of constituents in the Large Cap Index included the same 350 stocks as in the annual reconstitution held last year. The number of stocks in the Top Cap Index and the Mid Cap Index, which are sub-indices of the Large Cap Index, were both the same as last year. The number of stocks in the Small Cap Index, which represents the bottom 15% of the Total Market Index, increased to 1,250.

The Total Value Index had 134 additions and 95 deletions, while the Total Growth Index had 210 additions and 87 deletions. The capitalization turnover ratios (one-sided) for the Total Value and Growth indices are low at less than 10% (see Chart 2). In terms of sector concentration, all changes in value and growth weightings are in the 2% range, smaller than last year. With regard to the Large Cap Index, "Land Transportation" and "Retail Trade" are tilted toward Value, while the growth weighting of "Electric Appliances", "Chemicals" and "Machinery" increased by over 1% (see Chart 3). With regard to the Small Cap Index, "Land Transportation" is tilted toward Growth.

[c] 2017 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2017 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Date:Nov 21, 2017
Words:289
Previous Article:Russian Federation : A record harvest was collected in the Saratov region and the traditions of gardening revived.
Next Article:Russian Federation : Construction and repair of rural clubs in the Tula region are on schedule.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters