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 30 June 2017, the constituent stocks of the ASX 200 in alphabetical order by symbol are[10]

Code Company GICS Sector HQ
A2M The a2 Milk Company 30 Food, Beverage & Tobacco
AAC Australian Agricultural Limited 30 Consumer Staples Brisbane
AAD Ardent Leisure Group 25 Consumer Discretionary Sydney
ABC Adelaide Brighton 15 Materials
ABP Abacus Property Group 40 Financials Sydney
ACX Aconex Ltd 45 Software & Services
AGL AGL Energy Ltd 55 Utilities Sydney
AHG Automotive Holdings 25 Consumer Discretionary Perth
AHY Asaleo Care Ltd 30 Consumer Staples
ALL Aristocrat Leisure 25 Consumer Discretionary
ALQ Als Ltd 20 Industrials Brisbane
ALU Altium Ltd 45 Information Technology
AMC Amcor Ltd 15 Materials Melbourne
AMP AMP Ltd 40 Financials Sydney
ANN Ansell Ltd 35 Health Care
ANZ ANZ Banking Group Ltd 40 Financials Melbourne
AOG Aveo Group 40 Financials
APA APA Group 55 Utilities
API Australian Pharmaceutical Industries 35 Health Care
APO Apn Outdoor Group 25 Consumer Discretionary
ARB ARB Corporation 10 Energy
AST Ausnet Services Ltd 55 Utilities
ASX ASX Ltd 40 Financials Sydney
AWC Alumina Ltd 15 Materials
AZJ Aurizon Holdings Ltd 20 Industrials Brisbane
BAP Bapcor Ltd 25 Consumer Discretionary
BEN Bendigo and Adelaide 40 Financials Melbourne
BGA Bega Cheese Ltd 30 Consumer Staples Bega
BHP BHP Billiton Ltd 15 Materials Melbourne / London
BKL Blackmores Ltd 30 Consumer Staples Sydney
BKW Brickworks Ltd 15 Materials
BLD Boral Ltd 15 Materials
BOQ Bank of Queensland 40 Financials Brisbane
BPT Beach Energy Ltd 10 Energy
BRG Breville Group Ltd 25 Consumer Discretionary
BSL Bluescope Steel Ltd 15 Materials
BTT BT Investment Management 40 Financials
BWP BWP Trust 40 Financials
BXB Brambles Ltd 20 Industrials Sydney
CAR Carsales.com Ltd 45 Information Technology
CBA Commonwealth Bank 40 Financials Sydney
CCL Coca-Cola Amatil 30 Consumer Staples Sydney
CCP Credit Corp Group 20 Industrials
CGC Costa Group Holdings 40 Financials
CGF Challenger Ltd 40 Financials
CHC Charter Hall Group 40 Financials
CIM Cimic Group Ltd 20 Industrials
CMW Cromwell Property 40 Financials
CNU Chorus Ltd 50 Telecommunication Services
COH Cochlear Ltd 35 Health Care Sydney
CPU Computershare Ltd 45 Information Technology Melbourne
CQR Charter Hall Retail 40 Financials
CSL CSL Ltd 35 Health Care Melbourne
CSR CSR Ltd 15 Materials
CTD Corp Travel Ltd 40 Financials
CTX Caltex Australia 10 Energy
CWN Crown Resorts Ltd 25 Consumer Discretionary Melbourne
CWY Cleanaway Waste Ltd 20 Commercial & Professional Services
CYB CYBG Plc 40 Banks
DLX Duluxgroup Ltd 15 Materials
DMP Domino PIZZA Enterprises 40 Financials
DOW Downer Edi Ltd 20 Industrials
DXS Dexus Units FP Stapled 60 Real Estate Sydney
ECX Eclipx Group Ltd 40 Diversified Financials
EHE Estia Health Ltd 35 Health Care
EVN Evolution Mining Ltd 15 Materials
FBU Fletcher Building Foreign Exempt NZX 15 Materials
FLT Flight Centre Travel 25 Consumer Discretionary
FMG Fortescue Metals Group 15 Materials Perth
FPH Fisher & Paykel H Foreign Exempt NZX 35 Health Care
FXJ Fairfax Media Ltd 40 Financials
FXL Flexigroup Ltd 40 Financials
GEM G8 Education Ltd 40 Financials
GMA Genworth Mortgage 40 Financials
GMG Goodman Group 40 Financials Sydney
GNC Graincorp Ltd 30 Consumer Staples
GOZ Growthpoint Property 40 Financials
GPT GPT Group 40 Financials Sydney
GTY Gateway Lifestyle 40 Financials
GUD G.U.D. Holdings 40 Financials
GWA GWA Group Ltd 20 Industrials
GXL Greencross Ltd 35 Health Care
GXY Galaxy Resources 15 Materials
HSO Healthscope Ltd 35 Health Care
HT1 HT&E Ltd 25 Media
HVN Harvey Norman 25 Consumer Discretionary Sydney
IAG Insurance Australia Group 40 Financials Sydney
IFL IOOF Holdings Ltd 40 Financials
IFN Infigen Energy Stapled Securities FP 55 Utilities
IGO Independence Group 15 Materials
ILU Iluka Resources 15 Materials Perth
INM Iron Mountain 60 Real Estate
IOF Investa Office Fund 40 Financials
IPH IPH Ltd 20 Commercial & Professional Services
IPL Incitec Pivot 15 Materials Melbourne
IRE Iress Ltd 45 Information Technology
ISD Isentia Group Ltd 45 Information Technology
IVC Invocare Ltd 25 Consumer Discretionary Sydney
JBH JB Hi-Fi Ltd 25 Consumer Discretionary Melbourne
JHC Japara Healthcare LT 35 Health Care
JHG Janus Henderson 40 Diversified Financials
JHX James Hardie Industries 15 Materials
LLC Lendlease Group 40 Financials Sydney
LNK Link Admin HLDG 45 Software & Services
MFG Magellan Fin Group Ltd 40 Financials
MGR Mirvac Group 40 Financials Sydney
MIN Mineral Resources 20 Industrials Perth
MMS Mcmillan Shakespeare 20 Industrials
MND Monadelphous Group 20 Industrials Perth
MPL Medibank Private Ltd 40 Financials Melbourne
MQA Macquarie Atlas Roads 20 Industrials
MQG Macquarie Group Ltd 40 Financials Sydney
MTR Mantra Group Ltd 25 Consumer Discretionary
MTS Metcash Ltd 30 Consumer Staples
MYO Myob Group Ltd 45 Information Technology
MYR Myer Holdings Ltd 25 Consumer Discretionary Melbourne
MYX Mayne Pharma Ltd 35 Health Care
NAB National Australia Bank 40 Financials Melbourne
NAN Nanosonics Ltd 35 Health Care Equipment & Services
NCM Newcrest Mining 15 Materials Melbourne
NEC Nine Entertainment 25 Consumer Discretionary Sydney
NSR National Storage 40 Financials
NST Northern Star 15 Materials Perth
NUF Nufarm Ltd 15 Materials Melbourne
NVT Navitas Ltd 25 Consumer Discretionary Perth
NWS News Corp Class B 25 Consumer Discretionary
NXT NEXTDC Ltd 45 Software & Services
OML Ooh!Media Ltd 25 Media
ORA Orora Ltd 15 Materials
ORE Orocobre Ltd 15 Materials
ORG Origin Energy 10 Energy Sydney
ORI Orica Ltd 15 Materials Melbourne
OSH Oil Search Ltd 10 Energy Port Moresby
OZL OZ Minerals 15 Materials
PGH Pact Group Holdings Ltd 15 Materials
PMV Premier Investments 25 Consumer Discretionary
PPT Perpetual Ltd 40 Financials
PRY Primary Health Care 35 Health Care
PTM Platinum Asset Management 40 Financials
QAN Qantas Airways 20 Industrials Sydney
QBE QBE Insurance Group 40 Financials Sydney
QUB QUBE Holdings Ltd 20 Industrials
REA REA Group 25 Consumer Discretionary
REG Regis Healthcare Ltd 35 Health Care
RFG Retail Food Group 25 Consumer Discretionary
RHC Ramsay Health Care 35 Health Care
RIO RIO Tinto Ltd 15 Materials Melbourne / London
RMD Resmed Inc 35 Health Care
RRL Regis Resources 15 Materials Perth
RSG Resolute Mining 15 Materials
RWC Reliance Worldwide 20 Capital Goods
S32 SOUTH32 Ltd 15 Materials Perth
SAR Saracen Mineral 15 Materials
SBM ST Barbara Ltd 15 Materials
SCG Scentre Group 40 Financials
SCP Sca Property Group 40 Financials
SDA Speedcast Int Ltd 50 Telecommunication Services
SDF Steadfast Group Ltd 40 Financials
SEK Seek Ltd 20 Commercial Services & Supplies Melbourne
SFR Sandfire Resources 15 Materials Perth
SGM Sims Metal Management Ltd 15 Materials
SGP Stockland Group 40 Financials Sydney
SGR The Star Ent Group 40 Financials
SHL Sonic Healthcare 35 Health Care Sydney
SIG Sigma Health Ltd 35 Health Care Equipment & Services
SKC Skycity Ent Group Ltd 25 Consumer Discretionary
SKI Spark Infrastructure 55 Utilities
SKT Sky Network 25 Consumer Discretionary
SPK Spark New Zealand 50 Telecommunication Services
SRX Sirtex Medical 35 Health Care
STO Santos Ltd 10 Energy Adelaide
SUL Super Retail Group Ltd 25 Consumer Discretionary
SUN Suncorp Group Ltd 40 Financials Brisbane
SVW Seven Group Holdings 20 Industrials
SWM Seven West Media Ltd 25 Consumer Discretionary Perth
SXL STHN Cross Media 25 Consumer Discretionary
SYD SYD Airport 20 Industrials Sydney
SYR Syrah Resources 15 Materials
TAH Tabcorp Holdings Ltd 25 Consumer Discretionary Melbourne
TCL Transurban Group Ordinary Shares/Units FP Triple Stapled 20 Industrials Melbourne
TGR Tassal Group Ltd 30 Consumer Staples Hobart
TLS Telstra Corporation 50 Telecommunications Services Melbourne
TME Trade Me Group 25 Consumer Discretionary
TNE Technology One 45 Information Technology
TPM TPG Telecom Ltd 50 Telecommunication Services
TTS Tatts Group Ltd 25 Consumer Discretionary
TWE Treasury Wine Estate 30 Consumer Staples Melbourne
VCX Vicinity Centres 40 Financials
VOC Vocus Group Ltd 50 Telecommunication Services
VRT Virtus Health Ltd 35 Health Care
VVR Viva Energy REIT 60 Real Estate
WBC Westpac Banking Corp 40 Financials Sydney
WEB Webjet Ltd 25 Retailing
WES Wesfarmers Ltd 20 Industrials Perth
WFD Westfield Corp 40 Financials Sydney
WHC Whitehaven Coal 10 Energy
WOR Worleyparsons Ltd 10 Energy Sydney
WOW Woolworths Ltd 30 Consumer Staples Sydney
WPL Woodside Petroleum 10 Energy Perth
WSA Western Areas Ltd 15 Materials

Past constituents[edit]

See also[edit]

References[edit]

External links[edit]