Index Codes

We often get people calling in or emailing us wondering what the XFJ or XJO represent.

In this lesson we will briefly go through and explain what certain indices represent and their relevant ASX code. Like share codes, indices are represented as a three-alpha code.

Weighted Sub-markets

A share index is a quick way of measuring the change in value of the group of shares within a certain market segment. They are normally weighted by market value of the shares and their market performance. Within the Australian stock market, indices cover almost every sector.

All quoted indices are S&P, administered by Standard & Poor who have created a global Index standard. The main S&P/ASX indices are listed below. These codes can be very useful in trading or just analysing how a particular sector is travelling, or even how a particular company is fairing compared to it's particular sector.

For other broad Australian share market Index codes please click here

XAO

 This code represents the top 500 stocks on the All Ordinaries Index. This used to be the prime indicator on how the market was moving before it was replaced as the benchmark by the XJO.

XJO

 This represents the S&P/ASX 200 index. This is the premier investable benchmark for the Australian market. Investment and fund managers can use this index as the basis for hedging against their respective portfolios.

XTL

 This simply represents the top 20 stocks listed on the Australian stock market. The top 20 refer to market capitalisation. This index includes stock such as BHP and NAB.

XDJ

 This code covers stocks in the S&P/ASX 200 index consumer discretionary sector. Companies in this sector are sensitive to the economic cycle such as household durable goods and hotels.

XMJ

 Currently very popular. The XMJ covers the S&P/ASX 200 index Materials sector. Companies included in this are BHP and RIO.

XSJ

 Covers stocks in the S&P/ASX 200 index that are considered consumer staples. These type of businesses are less sensitive to the economic cycle and include things like food and drug retailing.

XIJ

 This is the S&P/ASX 200 index Information Technology sector. This covers companies that work in the computer software and hardware areas.

XFL

 Another very popular index. This represents the S&P/ASX 200 index Financials sector. Businesses that work in banking, brokerage and finance. All the 'Big 4' banks are represented in the index.

XHJ

 The S&P/ASX 200 index Health Care companies. Businesses involved in either health care or/and the manufacture of pharmaceuticals and biotechnology products.

XTJ

 This code represents the S&P/ASX 200 Telecommunications sector. The obvious one here is Telstra.

XGJ

 This is the basic representation of companies that operate in the gold industry.
 

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