The S&P Dow Jones Indices has announced the changes to the various S&P/ASX Indices. The changes will happen on 21 September 2020.
Let’s look at the various changes
Tech business Appen Ltd (ASX: APX) and ventilator manufacturer Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) have added to the ASX 100. Meanwhile, engineering business Cimic Group Ltd (ASX: CIM) and UK bank Virgin Money UK Plc (ASX: VUK) have been kicked out.
There were plenty of changes in the ASX 200. Making it into the ASX 200 were: NZ airport operator Auckland International Airport Limited (ASX: AIA), insurance business AUB Group Ltd (ASX: AUB), gold miner Ramelius Resources Limited (ASX: RMS), gold miner Westgold Resources Ltd (ASX: WGX) and buy now, pay later business Zip Co Ltd (ASX: Z1P).
However, a number of business had to leave as well. Out of the ASX 200 are: salary packaging business McMillan Shakespeare Limited (ASX: MMS), coal miner New Hope Corporation Limited (ASX: NHC), outdoor advertiser oOh!Media Ltd (ASX: OML), lithium miner Orocobre Limited (ASX: ORE) and media business Southern Cross Media Group Ltd (ASX: SXL).
ASX All Technology Index
The Australian technology index has been expanded to include more names: Brainchip Holdings Ltd (ASX: BRN), Dicker Data, Envirosuite Limited (ASX: EVS), Mach7 Technologies Limited (ASX: M7T), Novonix Limited (ASX: NVX), Splitit Ltd (ASX: SPT), Sezzle Inc (ASX: SZL) and Whispir Limited (ASX: WSP).
It’s a shame to see some businesses being kicked out of an index, but these changes reflect the changing times – particularly due to COVID-19. It will be interesting to see if a business like Scentre manages to ever get back into the ASX 20 again.