The Tokyo Stock Exchange (TSE) said on Friday it will gradually remove companies with market capitalisation of less than 10 billion yen ($96.59 million), or about 1% of all listed shares, from its main Topix index. The exchange also said it will start new stock indices in April 2022 when it will reorganise its market structure, now made up of the massive main board and three smaller sections. The TSE said it will start reducing the weight of small-cap shares in Topix from 2022. The TSE said it plans to introduce new stock indices and abolish some indices, including TSE Mothers Index and the second-section index, to reflect the upcoming reclassification.
Tokyo bourse to weed out tiny firms
The TSE said it will start reducing the weight of small-cap shares in Topix from 2022
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