S & P / TSX Composite Index

S & P / TSX Composite Index
base data
Country	Canada
Stock exchange	Toronto Stock Exchange
ISIN	XC0009695252
WKN	969525
symbol	OSPTX
RIC	^ GSPTSE
Bloomberg code	SPTSX <INDEX>
category	Stock index
Type	Price index
family	S&P / TSX

The S & P / TSX Composite Index is a Canadian stock index that comprises the largest companies on the Toronto Stock Exchange (TSX) by market capitalization . It is administered by the Canadian Standard & Poor’s Committee and is the most important stock index in Toronto alongside the S & P / TSX 60 .

calculation

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

The calculation is updated every second during TSX trading hours from 09:30 to 16:00 local time (15:30 to 22:00 CET). The stocks that are available to choose from must be among the most important companies in Canada. The headquarters of the company plays a role as well as other characteristics that the index committee determines. The composition is reviewed every quarter by the Index Committee and adjusted if necessary.

Selection criteria

The index committee has issued the following criteria:

• Market capitalization: This must have a minimum weight of 0.05 percent of all companies listed in the index. In addition, the average price of the stock over the past three months and three trading days of the month prior to the index composition review should be at least one Canadian dollar .
• Liquidity: The trading volume in Canadian dollars and the number of transactions must 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

S & P / TSX Composite Index 1960–2012

The index was founded on January 3, 1977 under the name TSE 300 Composite Index with a base value of 1,000 points and was calculated back to 1937 (daily rates) and 1914 (monthly rates). A milestone in the development of the TSE 300 is February 1, 1996, when the index closed at 5,011.10 points for the first time above the 5,000 point mark. In the following years the index marked further record levels. On March 24, 2000, it ended trading at 10,052.68 points for the first time above the 10,000 point mark. By September 1, 2000, it rose to a closing level of 11,388.82 points, which was its all-time high for half a decade.

In 2002 Standard & Poor’s agreed to manage the TSE 300 Composite Index. On May 1, 2002, the name was changed to S & P / TSX Composite Index . After the speculative bubble burst in the technology sector ( dot-com bubble ), the index fell to a low of 5,695.33 points by October 9, 2002. That was a decrease of 50.0 percent compared to September 1, 2000. October 9, 2002 marked the end of the downward trend.

From autumn 2002 the S & P / TSX Composite Index began to rise again. On July 19, 2007, it marked an all-time high with a closing score of 14,625.76 points. In the course of the international financial crisis , which had its origin in the US real estate crisis in the summer of 2007, the index began to decline again. The S & P / TSX Composite Index fell to its lowest level since October 7, 2003 on March 9, 2009 when it ended trading at 7,566.94 points. Since the all-time high of July 19, 2007, this corresponds to a decline of 48.3 percent.

March 9, 2009 marked the end of the downward trend. From spring 2009, the S & P / TSX Composite Index was on the way up again. By April 5, 2011, it rose by 88.6 percent to a closing level of 14,270.53 points. The weakening of the global economy and the worsening of the euro crisis led to a slump in Canada's leading index. On October 4, 2011, the S & P / TSX Composite Index ended trading at 11,177.91 points. The loss since the peak on April 5, 2011 is 21.7 percent.

The announcement of new bond purchase programs by the European Central Bank and the US Federal Reserve , which are basically unlimited, led to a recovery in prices on the stock market. The monetary stimulus played a bigger role in the price formation than the global economic slowdown and the state of the companies. On January 15, 2013, the index closed at 12,641.97 points, 13.1 percent higher than on October 4, 2011.

Highs

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

	Points	date
in the course of trading	17,018.28	Friday 13th December 2019

Milestones

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

First close over Final score in points date 1,000 1,012.00 3rd January 1977 1,500 1,503.00 May 25, 1979 2,000 2,026.00 January 30, 1980 2,500 2,507.00 November 28, 1983 3,000 3,029.80 March 20, 1986 3,500 3,515.20 5th February 1987 4,000 4,000.80 July 29, 1987 4,500 4,544.20 17th January 1994 5,000 5,011.10 February 1, 1996 5,500 5,518.08 October 21, 1996 6,000 6,018.65 November 28, 1996 6,500 6,515.61 June 12, 1997 7,000 7,015.10 September 22, 1997 7,500 7,510.24 March 23, 1998

First close over Final score in points date 8,000 8,047.17 December 16, 1999 8,500 8,602.50 January 10, 2000 9,000 9,209.20 February 4, 2000 9,500 9,528.81 March 17, 2000 10,000 10,036.62 March 24, 2000 10,500 10,608.15 July 13, 2000 11,000 11,032.25 August 15, 2000 11,500 11,501.48 January 4, 2006 12,000 12,080.53 February 6, 2006 12,500 12,602.30 November 21, 2006 13,000 13,021.77 December 14, 2006 13,500 13,578.62 April 13, 2007 14,000 14,003.82 May 11, 2007 14,500 14,583.66 July 18, 2007

The best days

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

rank	date	Final score in points	Change in points	Change in%
1	05th Sep 1939	32.98	3.26	10.96
2	Oct 14, 2008	9,955.66	890.50	9.82
3	Oct 21, 1987	3,246.18	268.87	9.03
4th	Oct. 20, 1937	31.73	2.32	7.89
5	29 Sep 1938	31.55	2.14	7.28
6th	Oct 20, 2008	10,251.40	688.91	7.20
7th	Oct 28, 2008	9,151.63	614.29	7.20
8th	19 Sep 2008	12,912.99	848.42	7.03
9	0Dec 8, 1943	31.50	2.05	6.97
10	Nov 28, 2008	9,270.62	516.85	5.90
11	Nov 21, 2008	8,155.39	430.63	5.57
12	0Dec 8, 2008	8,567.12	450.09	5.55
13	June 12, 1940	26.51	1.38	5.51
14th	Oct 21, 1937	33.47	1.74	5.49
15th	23 Mar 2009	8,958.51	452.16	5.32
16	Sep 30 1938	33.20	1.65	5.23
17th	Oct. 30, 1987	3,019.27	146.94	5.12
18th	28 Mar 1980	1,789.20	86.69	5.09
19th	Apr 21, 1937	45.65	2.14	4.92
20th	Nov 13, 2008	9,352.78	430.21	4.82
21st	Oct 15, 1998	5,863.99	268.31	4.79
22nd	Sep 15 1938	30.66	1.34	4.57
23	0Sep 2 1939	29.72	1.29	4.55
24	19 Sep 1938	30.12	1.25	4.33
25th	28 Sep 1938	29.41	1.20	4.27
26th	Oct 12, 1982	1,770.41	72.52	4.27
27	Oct 31, 2000	9,639.57	386.51	4.18
28	Jan. 22, 2008	12,640.88	508.75	4.19
29	0Dec 8, 2000	9,548.73	381.93	4.17
30th	Sep 30 2008	11,752.90	467.83	4.15

The worst days

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

rank	date	Final score in points	Change in points	Change in%
1	Oct 19, 1987	3,198.21	−400.37	−11.13
2	0Dec 1, 2008	8,406.21	−864.41	−9.32
3	Nov 20, 2008	7,724.76	−765.80	−9.02
4th	Oct 27, 2008	8,537.34	-756.75	−8.14
5	Oct 25, 2000	9,511.84	−840.26	−8.12
6th	0Sep 7 1937	39.62	−3.30	−7.69
7th	Oct 26, 1987	2,846.49	−232.90	−7.56
8th	May 13, 1940	29.94	−2.37	−7.32
9	0Oct 2, 2008	10,900.54	−813.97	−6.95
10	29 Sep 2008	11,285.07	−840.93	−6.93
11	Oct 20, 1987	2,977.31	−220.90	−6.91
12	May 21, 1940	25.12	−1.78	−6.63
13	May 14, 1940	27.98	−1.96	−6.56
14th	Feb 16, 2001	8,393.23	−574.04	−6.40
15th	16. Mar. 1938	29.63	−2.01	−6.35
16	Oct 15, 2008	9,323.85	−631.81	−6.35
17th	Oct 27, 1997	6,599.24	−434.25	−6.17
18th	Aug 27, 1998	5,799.46	-372.84	−6.04
19th	Sep 24 1937	34.36	−2.19	−5.98
20th	Sep 10 1937	37.57	−2.37	−5.92
21st	June 26, 1950	56.46	−3.51	−5.85
22nd	Oct 22, 2008	9,236.88	−558.92	−5.71
23	Apr 28, 1937	41.19	−2.45	−5.62
24	Oct 10, 2008	9,065.16	−535.02	−5.57
25th	0Dec 9, 1943	29.76	−1.74	−5.52
26th	Apr 14, 2000	8,473.50	−491.90	−5.49
27	02nd Mar 2009	7,687.51	−435.51	−5.36
28	27 Mar 1980	1,702.51	−95.65	−5.32
29	Nov 12, 2008	8,922.57	−501.43	−5.32
30th	0Oct 6, 2008	10,230.43	−572.92	−5.30

Annual development

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

year	Final score in points	Change in points	Change in%
1945	188.96
1946	189.71	0.75	0.40
1947	180.96	−8.75	−4.61
1948	191.63	10.67	5.90
1949	219.58	27.95	14.59
1950	307.22	87.64	39.91
1951	361.86	54.64	17.79
1952	341.50	−20.36	−5.63
1953	330.83	−10.67	−3.12
1954	437.49	106.66	32.24
1955	536.50	99.01	22.63
1956	564.97	28.47	5.31
1957	432.11	−132.86	−23.52
1958	547.72	115.61	26.75
1959	555.09	7.37	1.35
1960	544.74	−10.35	−1.86
1961	700.85	156.11	28.66
1962	628.99	−71.86	−10.25
1963	702.71	73.72	11.72
1964	853.53	150.82	21.46
1965	881.14	27.61	3.23
1966	789.51	−91.63	−10.40
1967	899.20	109.69	13.89
1968	1,062.88	163.68	18.20
1969	1,019.77	−43.11	−4.06
1970	947.54	−72.23	−7.08
1971	990.54	43.00	4.54
1972	1,226.58	236.04	23.83
1973	1,193.56	−33.02	−2.69
1974	844.48	−349.08	−29.25
1975	953.54	109.06	12.91
1976	1,011.52	57.98	6.08
1977	1,059.59	48.07	4.75
1978	1,309.99	250.40	23.63
1979	1,813.17	503.18	38.41
1980	2,268.70	455.53	25.12
1981	1,954.24	−314.46	−13.86
1982	1,958.08	3.84	0.20
1983	2,552.35	594.27	30.35
1984	2,400.33	−152.02	−5.96
1985	2,900.60	500.27	20.84
1986	3,066.18	165.58	5.71
1987	3,160.05	93.87	3.06
1988	3,389.99	229.94	7.28
1989	3,969.79	579.80	17.10
1990	3,256.75	−713.04	−17.96
1991	3,512.36	255.61	7.85
1992	3,350.44	−161.92	−4.61
1993	4,321.43	970.99	28.98
1994	4,213.61	−107.82	−2.50
1995	4,713.54	499.93	11.86
1996	5,927.03	1,213.49	25.74
1997	6,699.44	772.41	13.03
1998	6,485.94	−213.50	−3.19
1999	8,413.75	1,927.81	29.72
2000	8,933.68	519.93	6.18
2001	7,688.41	−1,245.27	−13.94
2002	6,614.54	−1,073.87	−13.97
2003	8,220.89	1,606.35	24.29
2004	9,246.65	1,025.76	12.48
2005	11,272.26	2,025.61	21.91
2006	12,908.39	1,636.13	14.51
2007	13,833.06	924.67	7.16
2008	8,987.70	−4,845.36	−35.03
2009	11,746.11	2,758.41	30.69
2010	13,382.97	1,636.86	13.94
2011	11,955.09	−1,427.88	−10.67
2012	12,433.53	478.44	4.00
2013	13,621.55	1,188.02	9.55
2014	14,632.44	1,010.89	7.42
2015	13,009.95	−1,622.49	−11.09
2016	15,287.59	2,277.64	17.51
2017	16,209.13	921.54	6.03
2018	14,322.86	−1,886.27	−11.64

Web links

• Index on the Toronto Stock Exchange
• Index at Bloomberg
• Index at Yahoo

Individual evidence

1. ^ Standard & Poor's: About the Index
2. ↑ Toronto Stock Exchange: Index Methodology  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. (PDF; 121 kB)  
3. ↑ ^{a b c d e} Stooq: Historical courses
4. ^ ^{A b} Bryan Taylor: GFD Guide to Best and Worst Investment Periods. ( Memento of the original from December 19, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Global Financial Data, 2002. 
5. ↑ Weigh House Investor Services: TSE Composite Index simple returns 1946 to 2004 ( Memento from July 20, 2007 in the Internet Archive ) (PDF; 107 kB)
6. ↑ 1Stock1: TSE Index (Canada) Yearly Returns
7. ↑ S & P / TSX Composite Index (Canada) Yearly Stock Returns. Retrieved December 13, 2019 .