S&P Dow Jones Indices Announces September 2024 Quarterly Rebalance

OCL (OCL) Share Update September 2024 Friday 6th

September 2024 Friday 6th by Michael

S&P Dow Jones Indices Announces Quarterly Rebalance for S&P/ASX Indices

S&P Dow Jones Indices has announced the changes in the S&P/ASX Indices, effective prior to the open of trading on Monday, September 23, 2024, as a result of the September quarterly review.

Instant Summary:

No changes in the S&P/ASX 20 Index.
No changes in the S&P/ASX 50 Index.
HUB24 Limited and Sandfire Resources Limited added to the S&P/ASX 100 Index.
Domino's Pizza Enterprises Limited and Arcadium Lithium PLC removed from the S&P/ASX 100 Index.
Guzman Y Gomez Limited, Westgold Resources Limited, and Yancoal Australia Limited added to the S&P/ASX 200 Index.
Domain Holdings Australia Limited, Nanosonics Limited, and Strike Energy Limited removed from the S&P/ASX 200 Index.
Multiple additions and removals in the S&P/ASX 300 Index.
Catapult Group International Limited, Findi Limited, and Objective Corporation Limited added to the S&P/ASX All Technology Index.

Quarterly Rebalance Details

S&P Dow Jones Indices has announced the quarterly rebalance of the S&P/ASX Indices, effective before the market opens on September 23, 2024. This rebalance includes several changes across various indices.

S&P/ASX 100 Index

HUB24 Limited (HUB) and Sandfire Resources Limited (SFR) will be added to the S&P/ASX 100 Index. Domino's Pizza Enterprises Limited (DMP) and Arcadium Lithium PLC (LTM) will be removed from the index.

S&P/ASX 200 Index

Guzman Y Gomez Limited (GYG), Westgold Resources Limited (WGX), and Yancoal Australia Limited (YAL) will be added to the S&P/ASX 200 Index. Domain Holdings Australia Limited (DHG), Nanosonics Limited (NAN), and Strike Energy Limited (STX) will be removed from the index.

S&P/ASX 300 Index

Several companies will be added to the S&P/ASX 300 Index, including Capstone Copper Corp. (CSC), Clarity Pharmaceuticals Limited (CU6), DroneShield Limited (DRO), Gentrack Group Limited (GTK), Guzman Y Gomez Limited (GYG), Infratil Limited (IFT), Immutep Limited (IMM), IperionX Limited (IPX), Metals Acquisition Limited (MAC), Nuix Limited (NXL), Opthea Limited (OPT), RPMGlobal Holdings Limited (RUL), Superloop Limited (SLC), Spartan Resources Limited (SPR), WA1 Resources Limited (WA1), and Yancoal Australia Limited (YAL). Companies being removed include Calix Limited (CXL), Core Lithium Limited (CXO), GDI Property Group (GDI), Grange Resources Limited (GRR), Omni Bridgeway Limited (OBL), Renascor Resources Limited (RNU), TerraCom Limited (TER), and Talga Group Limited (TLG).

S&P/ASX All Technology Index

Catapult Group International Limited (CAT), Findi Limited (FND), and Objective Corporation Limited (OCL) will be added to the S&P/ASX All Technology Index.

Any changes to constituent data can be viewed in the proforma files delivered to client SFTP accounts after market close today. Changes to index shares data for capped and equal weighted indices will be made available in proforma files delivered to client SFTP accounts after market close on Friday, September 13, 2024.

Impact Analysis

The quarterly rebalance of the S&P/ASX Indices will likely have a significant impact on the companies involved. Additions to major indices like the S&P/ASX 100 and S&P/ASX 200 can lead to increased visibility and potentially higher trading volumes for the added companies. Conversely, companies being removed may experience decreased investor interest and trading volumes.

For example, HUB24 Limited and Sandfire Resources Limited could see positive market reactions due to their inclusion in the S&P/ASX 100 Index, while Domino's Pizza Enterprises Limited and Arcadium Lithium PLC might face negative sentiment due to their removal.

Investor Reaction:

Analysts are likely to view the additions to the S&P/ASX Indices positively, as inclusion in these indices often leads to increased investor interest and higher trading volumes. Companies added to the indices may see a boost in their stock prices, while those removed might experience a decline.

Investors should consider the potential long-term benefits of these changes and adjust their portfolios accordingly.

Conclusion:

The September 2024 quarterly rebalance of the S&P/ASX Indices introduces significant changes that could impact the stock performance of the involved companies. Investors should stay informed about these changes and consider their potential effects on their investment strategies.