Resource firms top Australia share index rebalance
SYDNEY, Sept 5 (Reuters) - Resources companies make up the bulk of newcomers to Australia's benchmark S&P/ASX 200 share index in a quarterly rebalance, index provider Standard & Poor's said on Friday.
The rebalance considers aggregate market capitalisation and liquidity of stocks over the prior six months as a basis for eligibility, S&P said in a statement.
"The aggregate outperformance of resources stocks relative to the broader market over the last six months has significantly boosted the index eligibility of resources firms," said Simon Karaban, associate director at S&P's index services, in the statement.
Firms joining the index are:
Primary Health Care Ltd (PRY.AX)
Linc Energy Ltd (LNC.AX)
OM Holdings Ltd (OMH.AX)
Gloucester Coal Ltd (GCL.AX)
Australian Agricultural Co (AAC.AX)
Avoca Resources Ltd (AVO.AX)
Kingsgate Consolidated Ltd (KCN.AX)
Firms leaving the index are:
Premier Investments Ltd (PMV.AX)
Allco Finance Group Ltd (AFG.AX)
Perilya Ltd (PEM.AX)
APN/UKA European Retail Property Group (AEZ.AX)
Coeur D'Alene Mines Corp (CXC.AX)
Centro Properties Group (CNP.AX)
Octaviar Ltd (OCV.AX)
(Reporting by Jonathan Standing)
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