Here are the headlines from the S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and Australian finance circles on Thursday morning.
But first, here are the data points:
Australian Dollar ($A) (AUDUSD): 71.97 US cents
Dow Jones (DJI): up 0.1%
Oil (WTI): $US67.89 per barrel
Gold: $US1,205 per ounce
Australian Investing News
In Australian share market news this morning, S&P Dow Jones released its quarterly rebalance. S&P is the company which chooses the shares that are included in many popular market indices like the S&P/ASX 200 and S&P/ASX 300.
Video: What Is The ASX 200?
For the ASX 200, Bingo Industries Limited (ASX: BIN) and Elders Limited (ASX: ELD) were added while Genworth Mortgage Insurance Australia (ASX: GMA) and Greencrosss Ltd (ASX: GXL) were removed.
Stockmarket index changes are closely watched because companies included in them typically receive more coverage from analysts, fund managers (e.g. index funds
) and Super funds.
Building materials company James Hardie Industries plc (ASX: JHX) announced the successor to the long-running CEO Louis Gries. James Hardie appointed Dr Jack Truong, who is currently the Company’s President – International.
“The Board has selected Jack following a rigorous and extensive process that included a strong field of internal candidates,” Chairman Michael Hammes said. “The decision considered the transition from Louis’ immensely successful 13-year tenure as CEO of James Hardie and the requirement for the incoming candidate to possess strong operational experience and industry knowledge.”
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