S&P/ASX 200

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The S&P/ASX 200 index is a market-capitalization weighted and float-adjusted stock market index of Australian stocks listed on the Australian Securities Exchange from Standard & Poor's. It was started on 31 March 2000 with a value of 3133.3,[1] 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.[2]

Bloomberg, CNBC, Yahoo! Finance and Wikinvest use respectively the symbols AS51[3] .AXJO[4] ^AXJO[5] and AXJO[6] to refer to this index.

Calculations[edit]

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.[7]

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[edit]

To be eligible for inclusion in the ASX 200 Index:[8]

  • 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[edit]

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.:[9]

As of 26 December 2015, the constituent stocks of the ASX 200 in alphabetical order by symbol are[10]

Symbol Company GICS Sector Headquarters
AAC Australian Agricultural Company Limited ? Consumer Staples
AAD Ardent Leisure Group 25 Consumer Discretionary
ABC Adelaide Brighton Limited ? Materials
ABP Abacus Property Group 40 Financials Australia Sydney
AGL AGL Energy Limited 55 Utilities Australia Sydney
AHG Automotive Holdings Group Limited ? Consumer Discretionary Australia Perth
AHY Asaleo Care Limited ? Consumer Staples
AIO Asciano Limited ? Industrials
ALL Aristocrat Leisure Limited 25 Consumer Discretionary
ALQ ALS Limited ? Industrials
ALU Altium Limited ? Information Technology
AMC Amcor Limited 15 Materials Australia Melbourne
AMP AMP Limited 40 Financials Australia Sydney
ANN Ansell Limited ? Health Care
ANZ Australia and New Zealand Banking Group Limited 40 Financials Australia Melbourne
AOG Aveo Group 40 Financials
APA APA Group 55 Utilities
API Australian Pharmaceutical Industries Limited ? Health Care
APN APN News & Media Limited 25 Consumer Discretionary
APO Apn Outdoor Group Limited 25 Consumer Discretionary
ARB ARB Corporation Limited 10 Energy
ASB Austal Limited ? Industrials Australia Perth
AST Ausnet Services Limited 55 Utilities
ASX ASX Limited 40 Financials Australia Sydney
AWC Alumina Limited 15 Materials
AWE AWE Limited 10 Energy
AZJ Aurizon Holdings Limited 20 Industrials Australia Brisbane
BAP Burson Group Limited 25 Consumer Discretionary
BEN Bendigo and Adelaide Bank Limited 40 Financials Australia Melbourne
BGA Bega Cheese Limited ? Consumer Staples
BHP BHP Billiton Limited 15 Materials Australia Melbourne / United Kingdom London
BKL Blackmores Limited ? Consumer Staples Australia Warriewood, New South Wales
BLD Boral Limited 15 Materials
BOQ Bank of Queensland Limited 40 Financials Australia Brisbane
BPT Beach Energy Limited 10 Energy
BRG Breville Group Limited 25 Consumer Discretionary
BRS Broadspectrum Limited ? Industrials
BSL Bluescope Steel Limited 15 Materials
BTT BT Investment Management Limited 40 Financials
BWP BWP Trust Ord Units 40 Financials
BXB Brambles Limited 20 Industrials Australia Sydney
CAB Cabcharge Australia Limited ? Industrials
CAR Carsales.com Limited ? Information Technology
CBA Commonwealth Bank of Australia 40 Financials Australia Sydney
CCL Coca-Cola Amatil Limited 30 Consumer Staples Australia Sydney
CCP Credit Corp Group Limited ? Industrials
CGC Costa Group Holdings Limited 40 Financials
CGF Challenger Limited 40 Financials
CHC Charter Hall Group Forus 40 Financials
CIM CIMIC Group Limited ? Industrials
CMW Cromwell Property Group 40 Financials
COH Cochlear Limited ? Health Care
CPU Computershare Limited 45 Information Technology Australia Melbourne
CQR Charter Hall Retail Reit Unit 40 Financials
CSL CSL Limited 35 Health Care Australia Melbourne
CSR CSR Limited 15 Materials
CTD Corporate Travel Management Limited 40 Financials
CTX Caltex Australia Limited 10 Energy
CVO Cover-more Group Limited 40 Financials
CWN Crown Resorts Limited 25 Consumer Discretionary Australia Melbourne
DLX Duluxgroup Limited 15 Materials
DMP Domino's Pizza Enterprises Limited 40 Financials
DOW Downer Edi Limited ? Industrials
DUE Duet Group Forus 55 Utilities
DXS Dexus Property Group ? Real Estate Australia Sydney
EHE Estia Health Limited 35 Health Care
EVN Evolution Mining Limited 15 Materials
FBU Fletcher Building Limited NZ 15 Materials
FLT Flight Centre Travel Group Limited 25 Consumer Discretionary
FMG Fortescue Metals Group Limited 15 Materials Australia Perth
FPH Fisher & Paykel Healthcare Corporation Limited NZ ? Health Care
FXJ Fairfax Media Limited 40 Financials
FXL Flexigroup Limited 40 Financials
GEM G8 Education Limited 40 Financials
GMA Genworth Mortgage Insurance Australia Limited 40 Financials
GMG Goodman Group 40 Financials Australia Sydney
GNC Graincorp Limited ? Consumer Staples
GOZ Growthpoint Properties Australia 40 Financials
GPT GPT Group 40 Financials Australia Sydney
GTY Gateway Lifestyle Group 40 Financials
GUD G.u.d. Holdings Limited 40 Financials
GWA GWA Group Limited ? Industrials
GXL Greencross Limited ? Health Care
HGG Henderson Group PLC 40 Financials
HSO Healthscope Limited ? Health Care
HVN Harvey Norman Holdings Limited 25 Consumer Discretionary
IAG Insurance Australia Group Limited 40 Financials Australia Sydney
IFL Ioof Holdings Limited 40 Financials
IGO Independence Group NL 15 Materials
ILU Iluka Resources Limited 15 Materials Australia Perth
IOF Investa Office Fund 40 Financials
IPL Incitec Pivot Limited 15 Materials Australia Melbourne
IRE Iress Limited ? Information Technology
ISD Isentia Group Limited ? Information Technology
IVC Invocare Limited 25 Consumer Discretionary
JBH JB Hi-fi Limited 25 Consumer Discretionary
JHC Japara Healthcare Limited 35 Health Care
JHX James Hardie Industries PLC 15 Materials
KAR Karoon Gas Australia Limited 10 Energy
LLC Lendlease Group 40 Financials Australia Sydney
LNG Liquefied Natural Gas Limited 10 Energy
MFG Magellan Financial Group Limited 40 Financials
MGR Mirvac Group 40 Financials Australia Sydney
MIN Mineral Resources Limited ? Industrials Australia Perth
MMS Mcmillan Shakespeare Limited ? Industrials
MND Monadelphous Group Limited ? Industrials Australia Perth
MPL Medibank Private Limited 40 Financials Australia Melbourne
MQA Macquarie Atlas Roads Group ? Industrials
MQG Macquarie Group Limited 40 Financials Australia Sydney
MSB Mesoblast Limited ? Health Care
MTR Mantra Group Limited 25 Consumer Discretionary
MTS Metcash Limited ? Consumer Staples
MTU M2 Group Limited ? Telecommunication Services
MYO Myob Group Limited ? Information Technology
MYR Myer Holdings Limited 25 Consumer Discretionary
MYX Mayne Pharma Group Limited ? Health Care
NAB National Australia Bank Limited 40 Financials Australia Melbourne
NCM Newcrest Mining Limited 15 Materials Australia Melbourne
NEC Nine Entertainment Co. Holdings Limited 25 Consumer Discretionary
NSR National Storage Reit 40 Financials
NST Northern Star Resources Limited 15 Materials Australia Perth
NUF Nufarm Limited 15 Materials
NVT Navitas Limited 25 Consumer Discretionary Australia Perth
NWS News Corporation 25 Consumer Discretionary
OFX Ozforex Group Limited 40 Financials
ORA Orora Limited 15 Materials
ORG Origin Energy Limited 10 Energy Australia Sydney
ORI Orica Limited 15 Materials Australia Melbourne
OSH Oil Search Limited 10 Energy Papua New Guinea Port Moresby
OZL Oz Minerals Limited 15 Materials
PBG Pacific Brands Limited 25 Consumer Discretionary
PGH Pact Group Holdings Limited 15 Materials
PMV Premier Investments Limited 25 Consumer Discretionary
PPT Perpetual Limited 40 Financials
PRG Programmed Maintenance Services Limited ? Industrials Australia Perth
PRY Primary Health Care Limited 35 Health Care
PTM Platinum Asset Management Limited 40 Financials
QAN Qantas Airways Limited 20 Industrials Australia Sydney
QBE QBE Insurance Group Limited 40 Financials Australia Sydney
QUB Qube Holdings Limited ? Industrials
REA REA Group Limited 25 Consumer Discretionary
REC Recall Holdings Limited ? Industrials
REG Regis Healthcare Limited 35 Health Care
RFG Retail Food Group Limited 25 Consumer Discretionary
RHC Ramsay Health Care Limited 35 Health Care
RIO Rio Tinto Limited 15 Materials Australia Melbourne / United Kingdom London
RMD ResMed Inc ? Health Care
RRL Regis Resources Limited 15 Materials Australia Perth
S32 South32 Limited 15 Materials Australia Perth
SAI SAI Global Limited ? Industrials
SCG Scentre Group 40 Financials
SCP Shopping Centres Australasia Property Group 40 Financials
SDF Steadfast Group Limited 40 Financials
SEK Seek Limited 20 Commercial Services & Supplies Australia Melbourne
SFR Sandfire Resources NL 15 Materials Australia Perth
SGH Slater & Gordon Limited 40 Financials
SGM Sims Metal Management Limited 15 Materials
SGP Stockland 40 Financials Australia Sydney
SGR The Star Entertainment Group Limited 40 Financials
SHL Sonic Healthcare Limited 35 Health Care Australia Sydney
SHV Select Harvests Limited ? Consumer Staples
SIP Sigma Pharmaceuticals Limited ? Health Care
SKC Skycity Entertainment Group Limited NZ 25 Consumer Discretionary
SKI Spark Infrastructure Group Forus 55 Utilities
SKT SKY Network Television Limited NZ 25 Consumer Discretionary
SPK Spark New Zealand Limited NZX ? Telecommunication Services
SPO Spotless Group Holdings Limited ? Industrials
SRX Sirtex Medical Limited ? Health Care
STO Santos Limited 10 Energy Australia Adelaide
SUL Super Retail Group Limited 25 Consumer Discretionary
SUN Suncorp Group Limited 40 Financials Australia Brisbane
SVW Seven Group Holdings Limited ? Industrials
SWM Seven West Media Limited 25 Consumer Discretionary Australia Perth
SXL Southern Cross Media Group Limited 25 Consumer Discretionary
SYD Sydney Airport Forus 20 Industrials Australia Sydney
SYR Syrah Resources Limited 15 Materials
TAH Tabcorp Holdings Limited 25 Consumer Discretionary
TCL Transurban Group 20 Industrials Australia Melbourne
TEN Ten Network Holdings Limited 25 Consumer Discretionary
TGR Tassal Group Limited ? Consumer Staples
TLS Telstra Corporation Limited 50 Telecommunications Services Australia Melbourne
TME Trade Me Group Limited 25 Consumer Discretionary
TNE Technology One Limited ? Information Technology
TPI Transpacific Industries Group Limited ? Industrials
TPM TPG Telecom Limited ? Telecommunication Services
TTS Tatts Group Limited 25 Consumer Discretionary
TWE Treasury Wine Estates Limited ? Consumer Staples
VCX Vicinity Centres 40 Financials
VED Veda Group Limited ? Industrials
VOC Vocus Communications Limited ? Telecommunication Services
VRL Village Roadshow Limited 25 Consumer Discretionary
VRT Virtus Health Limited 35 Health Care
WBC Westpac Banking Corporation 40 Financials Australia Sydney
WES Wesfarmers Limited 20 Industrials Australia Perth
WFD Westfield Corporation 40 Financials Australia Sydney
WHC Whitehaven Coal Limited 10 Energy
WOR Worleyparsons Limited 10 Energy
WOW Woolworths Limited 30 Consumer Staples Australia Sydney
WPL Woodside Petroleum Limited 10 Energy Australia Perth
WSA Western Areas Limited 15 Materials

Past constituents[edit]

See also[edit]

References[edit]

  1. ^ "Aussie market breaks 5000 point barrier". Sydney Morning Herald. Fairfax Media. 20 March 2006. Retrieved 3 March 2008. 
  2. ^ Burrow, Vanessa (16 February 2007). "Three cheers for the mighty 6000 as the record keeps on playing". The Age. Retrieved 8 August 2011. 
  3. ^ AS51 Quote - S&P/ASX 200 Index - Bloomberg Markets
  4. ^ CNBC quote for S&P/ASX 200
  5. ^ ^AXJO: Summary for S&P/ASX 200-Yahoo! Finance
  6. ^ Index: S&P/ASX 200 Index (AXJO) - Wikinvest
  7. ^ "Index Mathematics Methodology" (PDF). Standard & Poor's. Retrieved 24 November 2011. 
  8. ^ ASX 200 eligbility rules via Wikinvest
  9. ^ "S&P/ASX200". Standard & Poors. 
  10. ^ http://www.marketindex.com.au/asx200

External links[edit]