If I'm not mistaken Standard & Poor's will be announcing the...

If I'm not mistaken Standard & Poor's will be announcing the additions and deletions to the S&P/ASX indices early next week (week beginning 8 June). Most will recall that the last quarterly review, announced on 6 March, saw EXT jump into the ASX300.

Based on the eligibility criteria I've pasted below I think we can feel quite confident it will be in ASX200 in the next S&P quarterly rebalance given that it's market cap has increased further since and it has been able to hold onto the gains.

The next two weeks will be very interesting indeed for EXTs SP. Looks like buying interests / motivations will be coming from a few different directions yet again. All bodes well for EXTs next run, especially in light of Friday's break from the one month trading range (4.60 to 5.25).

Also interesting to see EXT ranked as 113th of the top 150 Oz companies by market cap in Sat's SMH (moving from 117th place from the week prior).

Maybe it was Polo that put the 350k + bid in the post close auction on Friday.



[edit] Eligibility
To be eligible for inclusion in the ASX 200 Index[3] :

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.