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S&P/ASX 200

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This is an old revision of this page, as edited by FaizanWrites (talk | contribs) at 09:32, 11 March 2020 (Included educational piece from ASX 200 webpage). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

The S&P/ASX 200 index is a market-capitalization weighted and float-adjusted stock market index of stocks listed on the Australian Securities Exchange. The index is maintained by Standard & Poor's and is considered the benchmark for Australian equity performance. It is based on the 200 largest ASX listed stocks, which together account for about 82% (as at March 2017) of Australia’s sharemarket capitalisation.[1]

The ASX 200 was started on 31 March 2000 with a value of 3133.3,[2] equal to the value of the All Ordinaries at that date. The ASX 200 reached 6,000 points for the first time on Thursday 15 February 2007.[3] On 22 December 2017, the ASX 200 was 6,069.[4]

Bloomberg, CNBC, Yahoo! Finance and Wikinvest use respectively the symbols AS51[5] .AXJO[6] ^AXJO[7] and AXJO[8] to refer to this index.

The ASX 200 webpage offers a Sharemarket game as an educational tool with $50,000.00 AUD virtual cash[9].

Calculations

The ASX 200 is capitalization-weighted, meaning a company's contribution to the index is relative to its total market value i.e. share price multiplied by the number of tradeable shares. The ASX 200 is also float adjusted, meaning the absolute numerical contribution to the index is relative to the stock's value at the float of the stock.[10]

Although the calculation starts with a sum of the market capitalisation of the constituent stocks, it's intended to reflect changes in share price, NOT market capitalisation. Therefore, a fudge factor called the "Divisor" is used to ensure that the index value only changes when stock prices change, not whenever market capitalisation changes. For example, if a company increases its market capitalisation by issuing new shares, the Divisor is adjusted so that the ASX 200 index value does not change.

Eligibility

To be eligible for inclusion in the ASX 200 Index:[11]

  • Market capitalization: A stock’s weight in the index is determined by the float-adjusted market capitalization of the stock. This is a function of current index shares, the latest available stock price and the Investable weight factor (IWF). The IWF represents the float-adjusted portion of a stock’s equity capital. Therefore, any strategic holdings that are classified as either corporate, private or government holdings reduce the IWF which, in turn, results in a reduction in the float-adjusted market capital. Shares owned by founders, directors of the company, trusts, venture capitalists and other companies are also excluded. These are also deemed strategic holders, and are considered long-term holders of a stock’s equity. Any strategic shareholdings that are greater than 5% of total issued shares are excluded from the relevant float.
  • Liquidity: The trading volume in terms of dollar value and the number of transactions must exceed at least 0.025% of the sum of all eligible securities' trading volume. To ensure that no single company dominates trading, they are capped at a maximum of 15% for value, volume and transactions.
  • Listing: Only stocks listed on the Australian Stock Exchange will be considered for inclusion in any of the S&P/ASX indices.

Constituent companies

The number of companies in the index is highly dynamic and does not always revert to exactly 200. On average, the index is rebalanced every quarter by Standard & Poors.:[12]

As of 25 January 2020, the constituent stocks of the ASX 200 in alphabetical order by symbol are[13]

Code Company Sector Market Capitalisation Chairperson HQ
A2M The a2 Milk Company Food, Beverage & Tobacco 11,406,000,000 David Hearn Sydney
ABC Adelaide Brighton Materials 3,096,910,000 Adelaide
ABP Abacus Property Group Financials 2,093,060,000 Sydney
AGL AGL Energy Ltd Utilities 13,910,000,000 Graeme Hunt Sydney
ALL Aristocrat Leisure Consumer Discretionary 15,721,000,000 Neil Chatfield Sydney
ALQ ALS Limited Industrials 3,835,700,000 Brisbane
ALU Altium Ltd Information Technology 4,306,880,000
ALX Atlas Arteria FP Ordinary Stapled Securities Industrials 4,864,840,000
AMC Amcor Ltd Materials 17,430,000,000 Graeme Liebelt Melbourne
AMP AMP Ltd Financials 6,932,330,000 David Murray Sydney
ANN Ansell Ltd Health Care 3,266,080,000 Melbourne
ANZ ANZ Banking Group Ltd Financials 79,995,800,000 David Gonski Melbourne
APA APA Group Utilities 11,810,700,000 Sydney
APE AP Eagers Pty Ltd 2,428,000,000
APT Afterpay Financials 4,364,610,000 Anthony Eisen Sydney
APX Appen Limited Information Technology 2,495,500,000 Chris Vonwiller
ARB ARB Corporation Energy 1,345,680,000
ASB Austral Ltd 1,369,000,000
AST AusNet Services Ltd Utilities 6,337,370,000 Peter Mason
ASX ASX Ltd Financials 13,507,100,000 Rick Holliday-Smith Sydney
AVH Avita Medical Healthcare 1,230,000,000
AWC Alumina Ltd Materials 7,343,600,000 Peter Day Brisbane
AZJ Aurizon Holdings Ltd Industrials 8,995,380,000 Tim Poole Brisbane
BAP Bapcor Ltd Consumer Discretionary 1,706,130,000
BEN Bendigo and Adelaide Financials 4,806,210,000 Robert Johanson Bendigo
BGA Bega Cheese Ltd Consumer Staples 1,014,500,000 Bega
BHP BHP Billiton Ltd Materials 109,674,000,000 Ken MacKenzie Melbourne/London
BIN Bingo Industries Limited Industrials 972,591,000
BKL Blackmores Ltd Consumer Staples 1,612,900,000 Sydney
BKW Brickworks Ltd Materials 2,752,810,000 Sydney
BLD Boral Ltd Materials 5,838,210,000 Kathryn Fagg Sydney
BOQ Bank of Queensland Financials 3,620,110,000 Roger Davis Brisbane
BPT Beach Energy Ltd Energy 4,738,760,000
BRG Breville Group Ltd Consumer Discretionary 2,049,000,000
BSL BlueScope Steel Ltd Materials 7,180,010,000 John Bevan Melbourne
BVS Bravura Solution Ltd Information Technology 1,096,940,000
BWP BWP Trust Financials 2,376,820,000
BXB Brambles Ltd Industrials 18,739,900,000 Stephen Johns Sydney
CAR Carsales.com Information Technology 3,093,420,000
CBA Commonwealth Bank Financials 130,909,000,000 Catherine Livingstone Sydney
CCL Coca-Cola Amatil Consumer Staples 5,770,280,000 Ilana Atlas Sydney
CCP Credit Corp Group Industrials 1,042,150,000
CGC Costa Group Holdings Financials 1,708,470,000
CGF Challenger Ltd Financials 4,920,040,000
CHC Charter Hall Group Financials 4,098,840,000
CIM Cimic Group Ltd Industrials 16,261,300,000 Marcelino Fernández Verdes
CKF Collins Food Ltd 1,605,000,000
CLW CHTR H LWR FP Units Stapled Securities Real Estate 1,255,080,000
CMW Cromwell Property Financials 2,465,800,000
CNU Chorus Ltd Telecommunication Services 2,171,650,000
COE CooperEnergy Ltd 935,000,000
COH Cochlear Ltd Health Care 9,840,550,000 Rick Holliday-Smith Sydney
COL Coles Group Consumer Staples 15,113,400,000 James Graham Melbourne
CPU Computershare Ltd Information Technology 9,365,990,000 Chris Morris Melbourne
CQR Charter Hall Retail Financials 1,831,300,000
CSL CSL Ltd Health Care 87,771,500,000 Brian McNamee Melbourne
CSR CSR Ltd Materials 1,694,480,000
CTD Corp Travel Ltd Financials 2,908,670,000
CTX Caltex Australia Energy 7,459,180,000 Steven Gregg
CUV Clinuvel Pharmaceut 1,395,000,000
CWN Crown Resorts Ltd Consumer Discretionary 7,760,230,000 John Alexander Melbourne
CWY Cleanaway Waste Ltd Commercial & Professional Services 4,431,590,000 Melbourne
DHG Domain Holdings Australia Information Technology 1,574,310,000 Nick Falloon
DMP Domino PIZZA Enterprises Food, Beverage & Tobacco 3,530,230,000
DOW Downer Edi Ltd Industrials 4,424,590,000 Sydney
DXS Dexus Units FP Stapled Real Estate 12,226,700,000 Sydney
EHE Estia Health Ltd Health Care 617,629,000
ELD Elders Limited Consumer Staples 723,772,000
EML EML Payments Ltd 1,711,000,000
EVN Evolution Mining Ltd Materials 6,126,420,000 Jake Klein
FBU Fletcher Building Foreign Exempt NZX Materials 4,036,330,000
FLT Flight Centre Travel Consumer Discretionary 4,626,940,000
FMG Fortescue Metals Group Materials 18,658,500,000 Andrew Forrest Perth
FPH Fisher & Paykel H Foreign Exempt NZX Health Care 8,071,320,000 Tony Carter
GEM G8 Education Ltd Financials 1,425,340,000
GMG Goodman Group Financials 23,217,700,000 Sydney
GNC GrainCorp Ltd Consumer Staples 2,231,340,000
GOR Gold Road Res Ltd 1,190,000,000
GOZ Growthpoint Property Financials 2,947,380,000
GPT GPT Group Financials 10,558,600,000 Sydney
GUD G.U.D. Holdings Financials 1,094,050,000
GWA GWA Group Ltd Industrials 818,238,000
HLS Healius Health Care 1,730,060,000
HUB HUB24 Ltd 692,000,000
HVN Harvey Norman Consumer Discretionary 4,247,050,000 Sydney
IAG Insurance Australia Group Financials 16,986,200,000 Elizabeth Bryan Sydney
IEL Idp Education Limited Consumer Discretionary 3,791,230,000
IFL IOOF Holdings Ltd Financials 2,310,080,000 Cris Elizabeth Hunt Sydney
IGO Independence Group Materials 2,881,530,000
ILU Iluka Resources Materials 3,873,370,000 Perth
INA Ingenia Group 1,278,000,000 Simon Owen Sydney
ING Inghams Group Consumer Staples 1,536,180,000
IPH IPH Ltd Industrials 1,195,890,000
IPL Incitec Pivot Materials 5,411,490,000 Paul Brasher Melbourne
IRE Iress Ltd Information Technology 2,079,000,000 Tony D’Aloisio
IVC Invocare Ltd Consumer Discretionary 1,649,440,000 Sydney
JBH JB Hi-Fi Ltd Consumer Discretionary 2,492,970,000 Melbourne
JHG Janus Henderson Diversified Financials 2,134,330,000
JHX James Hardie Industries Materials 7,801,540,000
JIN Jumbo Interactive 925,000,000
LLC Lendlease Financials 7,262,420,000 Sydney
LNK Link Admin HLDG Software & Services 4,044,590,000
LYC Lynas Corporation Materials 1,171,600,000
MFG Magellan Fin Group Ltd Financials 6,173,270,000 Hamish Douglass
MGR Mirvac Group Financials 9,401,550,000 Sydney
MIN Mineral Resources Industrials 2,828,920,000 Perth
MMS Mcmillan Shakespeare Industrials 1,008,440,000
MND Monadelphous Group Industrials 1,678,460,000 Perth
MPL Medibank Private Ltd Financials 7,821,370,000 Elizabeth Alexander Melbourne
MQG Macquarie Group Ltd Financials 43,786,800,000 Peter Warne Sydney
MTS Metcash Ltd Consumer Staples 2,373,160,000
MYX Mayne Pharma Ltd Health Care 1,108,060,000
NAB National Australia Bank Financials 69,797,300,000 Philip Chronican Melbourne
NAN Nanosonics Ltd Health Care Equipment & Services 1,244,520,000
NCM Newcrest Mining Materials 18,683,900,000 Peter Hay Melbourne
NEA Nearmap Ltd 1,144,000,000
NEC Nine Entertainment Consumer Discretionary 2,907,700,000 Benjamin Nhut Minh Vo Sydney
NHC New Hope Corporation Energy 3,491,320,000
NHF Nib Holdings Limited Financials 2,628,530,000
NSR National Storage Financials 1,176,540,000
NST Northern Star Materials 5,914,960,000 Bill Beament Perth
NUF Nufarm Materials 1,989,310,000 Melbourne
NWH NRW Holdings Ltd 1,433,000,000
NWL Netwealth Group 1,949,000,000
NWS News Corp Class B Consumer Discretionary 1,003,710,000
NXT NEXTDC Ltd Software & Services 2,144,410,000 Douglas Flynn
OML Ooh!Media Ltd Media 840,075,000
ORA Orora Ltd Materials 3,801,060,000
ORE Orocobre Ltd Materials 1,004,290,000
ORG Origin Energy Energy 12,949,500,000 Gordon Cairns Sydney
ORI Orica Ltd Materials 6,705,960,000 Malcolm Broomhead Melbourne
OSH Oil Search Ltd Energy 12,752,800,000 Rick Lee Port Moresby
OZL OZ Minerals Materials 3,335,910,000 Adelaide
PDL Pendal Group Limited Financials 2,728,500,000
PLS Pilbara Min Limited Materials 1,299,660,000
PME Pro Medicus Ltd 2,648,000,000
PMV Premier Investments Consumer Discretionary 2,600,550,000
PNI Pinnacle Investment 879,000,000
PNV Polynovo Ltd 1,870,000,000
PPT Perpetual Ltd Financials 1,913,740,000
PRN Perenti Global Ltd 1,048,000,000
PTM Platinum Asset Management Financials 3,238,470,000
QAN Qantas Airways Industrials 9,314,970,000 Richard Goyder Sydney
QBE QBE Insurance Group Financials 16,409,200,000 Marty Becker Sydney
QUB QUBE Holdings Ltd Industrials 4,463,420,000
REA REA Group Consumer Discretionary 10,740,000,000 Owen Wilson Melbourne
RHC Ramsay Health Care Health Care 13,090,800,000 Craig McNally Sydney
RIO RIO Tinto Ltd Materials 35,696,200,000 Simon Thompson Melbourne/London
RMD Resmed Inc Health Care 5,723,900,000 San Diego, California
RRL Regis Resources Materials 2,711,520,000 Perth
RSG Resolute Mining Materials 833,904,000
RWC Reliance Worldwide Capital Goods 3,563,330,000
S32 SOUTH32 Ltd Materials 19,751,200,000 Graham Kerr Perth
SAR Saracen Mineral Materials 2,124,500,000
SBM ST Barbara Ltd Materials 2,343,580,000
SCG Scentre Group Financials 20,576,800,000
SCP SCA Property Group Financials 2,230,650,000
SDF Steadfast Group Ltd Financials 2,474,270,000
SEK Seek Ltd Commercial Services & Supplies 6,467,920,000 Graham Goldsmith Melbourne
SFR Sandfire Resources Materials 1,167,970,000 Perth
SGM Sims Metal Management Ltd Materials 2,298,850,000
SGP Stockland Group Financials 8,418,330,000 Sydney
SGR The Star Ent Group Financials 4,063,740,000 Sydney
SHL Sonic Healthcare Health Care 11,427,400,000 Mark Compton Sydney
SIQ Smartgrp Corporation Industrials 1,108,170,000
SKC Skycity Ent Group Ltd Consumer Discretionary 2,349,900,000
SKI Spark Infrastructure Utilities 3,919,090,000
SLR Silver Lake Resource 1,381,000,000
SOL Soul Pattinson (W.H) Energy 7,045,400,000 Robert Millner
SPK Spark New Zealand Telecommunication Services 6,536,840,000 Justine Smyth
SSM Service Stream 1,124,000,000
STO Santos Ltd Energy 14,413,700,000 Keith Spence Adelaide
SUL Super Retail Group Ltd Consumer Discretionary 1,462,610,000
SUN Suncorp Group Ltd Financials 17,594,700,000 Christine McLoughlin Brisbane
SVW Seven Group Holdings Industrials 6,566,570,000 Kerry Stokes
SXL STHN Cross Media Consumer Discretionary 938,197,000
SYD SYD Airport FP Stapled Securities US Prohibited Industrials 16,251,000,000 Sydney
TAH Tabcorp Holdings Ltd Consumer Discretionary 9,513,740,000 Paula Dwyer Melbourne
TCL Transurban Group Ordinary Shares/Units FP Triple Stapled Industrials 33,360,800,000 Melbourne
TGR Tassal Group Ltd Consumer Staples 870,366,000 Hobart
TLS Telstra Corporation Telecommunications Services 37,226,000,000 John Mullen Melbourne
TNE Technology One Information Technology 2,340,340,000 Adrian Di Marco Brisbane
TPM TPG Telecom Ltd Telecommunication Services 6,179,220,000 David Teoh Sydney
TWE Treasury Wine Estate Consumer Staples 10,765,600,000 Paul Rayner Melbourne
URW Unibail-Rodamco-Westfield Real Estate 4,184,050,000
VCX Vicinity Centres Financials 9,424,880,000
VEA Viva Energy Group Energy 4,686,330,000
VOC Vocus Group Ltd Telecommunication Services 2,302,380,000
VUK Virgin Money UK PLC 2,934,000,000
VVR Viva Energy REIT Real Estate 1,756,310,000
WBC Westpac Banking Corp Financials 92,946,500,000 Lindsay Maxted Sydney
WEB Webjet Ltd Retailing 2,122,160,000
WES Wesfarmers Ltd Industrials 37,620,800,000 Michael Chaney Perth
WHC Whitehaven Coal Energy 4,514,600,000
WOR Worleyparsons Ltd Energy 6,870,040,000 John Grill Sydney
WOW Woolworths Ltd Consumer Staples 37,770,300,000 Gordon Cairns Sydney
WPL Woodside Petroleum Energy 33,935,500,000 Richard Goyder
WSA Western Areas Ltd Materials 629,156,000
WTC Wisetech Global Ltd Information Technology 5,798,960,000 Andrew Harrison Sydney
XRO Xero Ltd Software 6,685,840,000 Graham Smith Wellington

Past constituents

See also

References

  1. ^ ASX Top 200 Companies
  2. ^ "Aussie market breaks 5000 point barrier". Sydney Morning Herald. Fairfax Media. 20 March 2006. Retrieved 3 March 2008.
  3. ^ Burrow, Vanessa (16 February 2007). "Three cheers for the mighty 6000 as the record keeps on playing". The Age. Retrieved 8 August 2011.
  4. ^ ASX rallies into Christmas break on miners, banks
  5. ^ AS51 Quote - S&P/ASX 200 Index - Bloomberg Markets
  6. ^ CNBC quote for S&P/ASX 200
  7. ^ ^AXJO: Summary for S&P/ASX 200-Yahoo! Finance
  8. ^ Index: S&P/ASX 200 Index (AXJO) - Wikinvest
  9. ^ "ASX 200 Sharemarket game". ASX 200. https://game.asx.com.au/game/info/public/about-the-game. {{cite web}}: Check date values in: |date= (help); External link in |date= (help)CS1 maint: url-status (link)
  10. ^ "Index Mathematics Methodology" (PDF). Standard & Poor's. Archived from the original (PDF) on 6 November 2011. Retrieved 24 November 2011.
  11. ^ ASX 200 eligibility rules via Wikinvest
  12. ^ "S&P/ASX200". Standard & Poors.
  13. ^ http://www.marketindex.com.au/asx200
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