Rea the rules. First being in the top 100 does not give listing two thinks have to happen. some one in the top 100 has to fall below 116 place to be removed. You have to be above 116 or higher to be admitted. The following buffers aim to limit the level of index turnover that may take place at each quarterly rebalancing, maximizing the efficiency and limiting the cost associated with holding the index portfolio. Rank Buffer for Index Addition Deletion S&P/ASX 20 14 th or higher 26 th or lower S&P/ASX 50 39th or higher 61st or lower S&P/ASX 100 84th or higher 116th or lower S&P/ASX 200 179th or higher 221st or lower S&P/ASX 300 274th or higher 326th or lower
In the ASX document this is a nice looking table. Now they met all the requirements last time but final decision is by committee. That looks at new entries and if they do not think their market cap is stable enough they can reject them. If we look at Lynas's market cap recently it looks like the committee was correct. here is web site with rules. Table of Contents (spglobal.com)
if you look back at when they made the 200 list it caused a short pop in SP as Tracking funds had to by them. any company making any list always cause a pop. seldom is it permanent.
LYC Price at posting:
$9.72 Sentiment: Sell Disclosure: Not Held
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