Globe and mail index

The Globe and Mail is a Canadian newspaper that publishes a daily index of stock prices, known as the Globe and Mail Index. The index is a widely followed benchmark of the Canadian stock market and is composed of the 100 largest and most actively traded stocks listed on the Toronto Stock Exchange (TSX).

Here are some key facts about the Globe and Mail Index:

  1. Composition: The index is composed of the 100 largest and most actively traded stocks listed on the TSX, representing a broad range of industries and sectors.
  2. Market capitalization: The index is market-capitalization weighted, meaning that the stocks with the largest market capitalization have a greater influence on the index's performance.
  3. Calculation: The index is calculated and maintained by S&P Dow Jones Indices, a leading provider of financial market indices.
  4. Trading: The Globe and Mail Index is traded on the TSX under the ticker symbol GSPTSE.
  5. Performance: The index is designed to provide a broad representation of the Canadian stock market's performance, and is often used as a benchmark for investment portfolios and other financial instruments.
  6. History: The Globe and Mail Index was first introduced in 1996, and has been widely followed by investors and financial professionals ever since.

Some of the key sectors represented in the Globe and Mail Index include:

  1. Financials: Banks, insurance companies, and other financial institutions.
  2. Energy: Oil and gas producers, pipeline operators, and other energy-related companies.
  3. Materials: Mining companies, forestry companies, and other materials producers.
  4. Industrials: Manufacturing companies, transportation companies, and other industrial companies.
  5. Consumer Discretionary: Retailers, restaurants, and other consumer discretionary companies.
  6. Consumer Staples: Food and beverage companies, tobacco companies, and other consumer staples companies.
  7. Healthcare: Pharmaceutical companies, biotechnology companies, and other healthcare-related companies.
  8. Information Technology: Software companies, technology hardware companies, and other IT-related companies.
  9. Telecommunications: Telecommunications service providers, wireless companies, and other telecom-related companies.

The Globe and Mail Index is widely followed by investors, financial analysts, and other market participants, and is often used as a benchmark for investment portfolios and other financial instruments.