S&P DJI NZX - September Review

[Balance]

Should be quite a few changes comes the review to be announced this month.

Any thoughts?

[jonu]

Should be quite a few changes comes the review to be announced this month.

Any thoughts?

Will they signal MET's replacement in advance?

[Balance]

Will they signal MET's replacement in advance?

Will automatically happen once takeover is completed and MET is delisted.

[jonu]

Will automatically happen once takeover is completed and MET is delisted.

Thanks, but will they indicate which cab is next off the rank?

[Balance]

Thanks, but will they indicate which cab is next off the rank?

They never do - that's why the institutions spend a fair bit of time trying to figure out which are the ones mostly to go into the index, and go out of the index.

Go back over the last 9 months and there have been some huge movements in market capitalization on NZX - but only one change in June 2020 which was Napier Port replacing Gentrack on NZX50.

So expect there would be a few changes this time round?

[Greekwatchdog]

There was talk about PEB including. I posted this on the PEB Thread..Just in case someone gets hopes up...

This is For Barr insights into it posted a week ago.
All eyes on Pacific Edge — Liquidity is potentially the thorn in its side. The recent dramatic rise in Pacific Edge's (PEB) share price, which saw it quadruple over a matter of weeks, sees it as a potential entrant (based purely on size) for the S&P/NZX 50 indices at future index reviews. However, liquidity requirements must be satisfied first for members and non members alike. Based on our calculations, we believe PEB has (just) failed the liquidity threshold at the September 2020 review, implying that (should PEB's price hold/increase) PEB will not be eligible to enter until June 2021 at the earliest. We note that non-members must pass the liquidity threshold for three consecutive quarterly index reviews and actual liquidity outcomes are not made public by S&P DJI. Figure 2. Current rankings for S&P/NZX 50 Index inclusion/exclusion Ranking Code Current status 6-mth average price 6-mth average market cap
This is For Barr insights into it posted a week ago.

All eyes on Pacific Edge — Liquidity is potentially the thorn in its sideThe recent dramatic rise in Pacific Edge's (PEB) share price, which saw it quadruple over a matter of weeks, sees it as a potentialentrant (based purely on size) for the S&P/NZX 50 indices at future index reviews. However, liquidity requirements must be satisfiedfirst for members and non members alike. Based on our calculations, we believe PEB has (just) failed the liquidity threshold at theSeptember 2020 review, implying that (should PEB's price hold/increase) PEB will not be eligible to enter until June 2021 at theearliest. We note that non-members must pass the liquidity threshold for three consecutive quarterly index reviews and actualliquidity outcomes are not made public by S&P DJI.Figure 2. Current rankings for S&P/NZX 50 Index inclusion/exclusionRanking Code Current status 6-mth average price 6-mth average market cap

[Balance]

First Friday of September is upon us - so expect announcement to be made today

http://nzx-prod-s7fsd7f98s.s3-websit...527/307185.pdf

Changes in 2019 - announced 6 Sept

http://nzx-prod-s7fsd7f98s.s3-websit...580/286387.pdf

Changes in 2018 - announced 7 Sept

[Balance]

The two biggest falls in the NZX50 ranking:

SKT

NZR

The three biggest risers into the NZX50

PEB

SKO

ERD

By market capitalization only

Liquidity measure will be key determining factor too

[JSwan]

The two biggest falls in the NZX50 ranking:

SKT

NZR

The three biggest risers into the NZX50

PEB

SKO

ERD

By market capitalization only

Liquidity measure will be key determining factor too

Is there also a minimum volume requirement for being in the NZX50? Think SKT and NZR are fine with volume & liquidity, just market cap is not as good

[Grey]

I know liquidity would be an issue, but judging just by market cap wouldnt AFT go in that list too?