S&P/ASX 200
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]. The ASX 200 crossed the 7,000 points level for the first time on the 16th January, 2020.[5]
Bloomberg, CNBC, Yahoo! Finance and Wikinvest use respectively the symbols AS51[6] .AXJO[7] ^AXJO[8] and AXJO[9] to refer to this index.
The ASX 200 webpage offers a Sharemarket game as an educational tool with $50,000.00 AUD virtual cash.[10]
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.[11]
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:[12]
- 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.:[13]
As of 25 January 2020, the constituent stocks of the ASX 200 in alphabetical order by symbol are[14]
| 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 | |
| APD | Ampol | Energy | 7,459,180,000 | Steven Gregg | |
| APE | AP Eagers Pty Ltd | Consumer Discretionary | 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 | Automotive | 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 Bank | 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 | ||
| 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 | Real Estate | 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
- ASX Top 200 Companies
- "Aussie market breaks 5000 point barrier". Sydney Morning Herald. Fairfax Media. 20 March 2006. Retrieved 3 March 2008.
- Burrow, Vanessa (16 February 2007). "Three cheers for the mighty 6000 as the record keeps on playing". The Age. Retrieved 8 August 2011.
- ASX rallies into Christmas break on miners, banks
- "ASX 200 breaks through the 7,000 points level". The Motley Fool Australia. 16 January 2020. Retrieved 3 April 2020.
- AS51 Quote - S&P/ASX 200 Index - Bloomberg Markets
- CNBC quote for S&P/ASX 200
- ^AXJO: Summary for S&P/ASX 200-Yahoo! Finance
- Index: S&P/ASX 200 Index (AXJO) - Wikinvest
- "ASX 200 Sharemarket game". ASX 200.
- "Index Mathematics Methodology" (PDF). Standard & Poor's. Archived from the original (PDF) on 6 November 2011. Retrieved 24 November 2011.
- ASX 200 eligibility rules via Wikinvest
- "S&P/ASX200". Standard & Poors.
- http://www.marketindex.com.au/asx200
External links
- S&P/ASX 200 page at Standard & Poor's
- S&P/ASX 200 Share Prices
- S&P/ASX 200 Index profile at Wikinvest
- Bloomberg page for AS51:IND
- Details of the top 30 companies in the S&P/ASX 200
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