1. TOPIX Style Index Series
The Tokyo Stock Exchange, Inc.(TSE) today has announced starting November 26, 2008*, the TSE will begin a tentative calculation to calculate its new “TOPIX Style Index Series” which will be based on the TOPIX indices, a widely used benchmark for Japanese stocks.
Through the tentative calculation, the TSE will calculate TOPIX value and growth indices, as well as the value and growth indices TOPIX 500 and TOPIX Small, which are composed of issues selected according to free float adjusted market capitalization and liquidity. To distinguish between value and growth, the TSE will use actual PBRs (consolidated basis) (widely used as investment indicator for evaluating undervalued or growth stocks). The TSE will also consider part of PER forecast when making selections.
| Items | Contents |
|---|---|
| New Indices | TOPIX Value / TOPIX Growth TOPIX 500 Value / TOPIX 500 Growth TOPIX Small Value / TOPIX Small Growth (TSE calculates Price Return Indices and Total Return Indices of each TOPIX Style Index Series.) |
| Base index value | 1,000 |
| Base date | November 25, 2008 |
| Periodic Review | One business day before the last business day of October(The base date of periodic review is set on the last business day of August) |
* About tentative calculation
The term of tentative calculation of TOPIX Style Index Series will be from November 26, 2008 to January 23, 2009. The term will be useful in verifying data. Base date and index values including index values that have already been calculated are subject to change because parts of the specifications of the index series may be changed during the term.
2. Information Services
The term of tentative calculation
The TSE will provide free daily updates of index values online during the tentative calculation If you wish to subscribe to receive these index values, please apply through the following link. Terms and Condition of USE for TOPIX Style Index on tentative calculation
After tentative calculation is completed
Beginning February 9, 2009, the TSE will provide daily updates on index values and style classifications of component issues etc. through a new fee-based web service. The TSE will announce the details of this new site soon after they have been decided. Starting on this same day, the TSE will also disseminate index values every 15 seconds through MAINS (MArket INformation System). The TSE will provide historical data on this index series (approximately 10 years worth) for a fee by next March.
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