A closer look at the industrials index(J257)
J257 is the Johannesburg Stock Exchange (JSE) code for the FTSE/JSE: AFR SA Industrial, one of the JSE’s three main sectors. The main sectors are Resources (J258), Financials (J580) and Industrials (J257). The sector classification is based on the Industry Classification Benchmark (ICB). Industrials can be defined as all of the JSE listed companies that do not belong to Financials, Oil & Gas Producers and Mining (jse.co.za, 2015). Resources can be defined as the JSE listed companies that belong to Oil & Gas Producers and Mining. Financials are the JSE listed companies that belong to the Financials industry.