The Tokyo Stock Exchange, Inc. (TSE) today has announced its intention to launch a composite index series including the "TOPIX Composite 1500" later this year in an effort to enhance index usability. The TSE will begin calculating indices that adopt domestic classified stocks, foreign stocks with exclusive listings on the TSE, and domestic preferred subscription certificates into the index universe.
- Key index summary
- 4 indices (TOPIX Composite, TOPIX Composite 1500, Tokyo Stock Exchange Second Section Stock Price Composite Index, Tokyo Stock Exchange Mothers Composite Index)
- Indices will include domestic common stocks, domestic classified stocks*, foreign stocks with exclusive listings on the TSE, and domestic preferred subscription certificates.
- TOPIX Composite 1500 - The 1500 most liquid and highly market capitalized stocks in the TOPIX Composite.
* Classified stocks whose dividend rate is fixed in advance and are similar to bonds are excluded.
- Current schedule
- Start of calculation (Around February 2009)
Details on the specifications and launch date of these indices will be announced when determined.