Price must have been agreed upon off board and before market open. And had to be done early enough before the price does a safari

The market capitalisation weighted index series measures the performance of eligible securities domiciled in the following 19 African countries: Botswana, Cameroon, Cape Verde, Egypt, Ghana, Ivory Coast, Kenya, Libya, Mauritius, Morocco, Mozambique, Nigeria, Rwanda, Sudan, Tanzania, Tunisia, Uganda, Zambia and Zimbabwe.

The index series is free float and liquidity screened with country weights capped at 20% to ensure the index maintains an accurate representation of the investible opportunity set. The index series has been built to FTSE’s renowned standards of index design, which emphasises transparency, independence, innovation and strong governance. Price and Total Return variants are calculated on an End of Day basis.

Jonathan Cooper, Managing Director, Middle East & Africa at FTSE Group, said: “This launch enables ASEA to address one of its primary goals; to facilitate the development and promotion of products and services for Africa’s capital markets. FTSE has been providing solutions to African investors for 10 years and this new initiative confirms FTSE’s position as Africa’s index provider.”