S&P/TSX Composite Index

The S & P / TSX Composite Index is a Canadian stock index, which includes the largest companies in the Toronto Stock Exchange ( TSX) by market capitalization. It is administered by the Canadian Standard & Poor's Committee and is next to the S & P / TSX 60, the main stock index in Toronto.

Calculation

The S & P / TSX Composite Index is a price index, in which the 220 ​​largest public companies in the Toronto Stock Exchange ( TSX) are listed (as at 31 December 2008). The market capitalization of companies in the index amounts to 95 percent of the Canadian stock market. The Index will be determined solely on the basis of share prices and adjusted only to income from subscription rights and special. The weighting is based on the market capitalization of the companies listed. Corporate actions such as stock splits have no ( distorting ) influence on the index.

The calculation is while the TSX trading hours 09:30 to 16:00 local time ( 15:30 to 22:00 CET) updated every second. The stocks that are available must belong to the most important companies in Canada. Here, the headquarters plays a role as well as other features that sets the index committee. The composition is reviewed quarterly by the index committee and adjusted if necessary.

Selection criteria

The following criteria have been adopted by the index committee:

• Market capitalization: This must be a minimum weight of 0.05 per cent of all listed companies in the index. In addition, the average price of the share in the last three months and in the last three trading days of the month should be at least one Canadian dollar before checking the composition of the indices.

• Liquidity: The trading volume in Canadian dollars and the number of transactions shall not be less than 0.025 percent of the trading volume of all listed securities. To ensure that no single company dominates the trade, value, volume and transactions are limited to a maximum of 15 percent.

• Domicile: The shares must be listed on the Toronto Stock Exchange and registered under Canadian law.

History

Historical Overview

The Index was established on January 3, 1977 under the name TSE 300 Composite Index with a base value of 1,000 points and to 1937 (daily rates) and 1914 ( monthly rates) calculated back. A milestone in the development of the TSE 300 is February 1 1996 when the index closed at 5011.10 points for the first time over the 5,000 -point mark. In the following years the index marked another record levels. On 24 March 2000 he finished trading with 10052.68 points for the first time the 10,000-point mark. Until 1 September 2000, he rose to a closing level of 11388.82 points, which was an all-time high for half a decade.

In 2002, Standard & Poor's agreed to the TSE 300 Composite Index to manage. On 1 May 2002, the name change to S & P / TSX Composite Index was. After the bursting of the speculative bubble in the technology sector ( dot-com bubble ), the index fell to a low of 5695.33 points to 9 October 2002. This was a decline from 1 September 2000 to 50.0 per cent. The October 9, 2002 marked the end of the descent.

From autumn 2002, the S & P / TSX Composite Index began to rise again. On 19 July 2007 he marked with a closing level of 14625.76 points an all time high. In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, the index began to fall again. At the lowest level since 7 October 2003, the S & P / TSX Composite Index fell on March 9, 2009, when he finished trading with 7566.94 points. Since the all-time high of 19 July 2007, this represents a decrease of 48.3 percent.

The March 9, 2009 marked the end of the descent. From the spring of 2009, the S & P / TSX Composite Index was back on the way up. Until 5 April 2011, he rose by 88.6 percent to a closing level of 14270.53 points. The slowdown in the global economy and the intensification of the euro crisis led to a fall in the Canadian benchmark index. On 4 October 2011, the S & P / TSX Composite Index ended the day at 11177.91 points. The loss since the peak on 5 April 2011 is 21.7 percent.

The announcement of new bond purchase programs of the European Central Bank and the U.S. Federal Reserve in principle unlimited extent led to a recovery of prices in the stock market. The monetary stimulus played a greater role in price formation, as the global economic slowdown and the position of the company. On January 15, 2013, the index closed at 12641.97 points, up by 13.1 per cent as on October 4, 2011.

Highs

The overview shows the all-time highs in the S & P / TSX Composite Index.

Milestones

The table shows the milestones of the S & P / TSX Composite Index since 1977.

The best days

The table shows the best days of back-calculated to 1937 S & P / TSX Composite Index.

The worst day

The table shows the worst days of back-calculated to 1937 S & P / TSX Composite Index.

Annual development

The table shows the development of the back-calculated to 1945 S & P / TSX Composite Index.