Nearmap Ltd (ASX:NEA) and Kogan.Com Ltd (ASX:KGN) Just Entered The S&P/ASX 300 Index | Rask Media Skip to content

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Nearmap Ltd (ASX:NEA) and Kogan.Com Ltd (ASX:KGN) Just Entered The S&P/ASX 300 Index

Every three months the various ASX indices are re-balanced to take into account the market capitalisation movements. S&P Dow Jones Indices announced the changes to the S&P/ASX 300 Index.
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Every three months the various ASX indices are re-balanced to take into account the market capitalisation movements. S&P Dow Jones Indices announced the changes to the S&P/ASX 300 Index.

Stockmarket index changes are closely watched because companies included in them typically receive more coverage from analysts, fund managers (e.g. index funds) and Super funds.

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Online retailer Kogan.Com Ltd (ASX: KGN) has been included in the S&P/ASX 300 Index despite its share price falling by about a third due to management selling some shares after delivering a large increase of profit in its FY18 result.

Imaging service business Nearmap Ltd (ASX: NEA) has also been included after delivering US growth. Other businesses making it into the S&P/ASX 300 Index are Pinnacle Investment Management Group Ltd (ASX: PNI), fintech business Praemium Ltd (ASX: PPS) and cement business Wagners Holding Company Ltd (ASX: WGN).

However, for some businesses to get into the index, some others have to be kicked out.

Some of the ones being removed include comparison site iSelect Ltd (ASX: ISU), fast food franchisor Retail Food Group Ltd (ASX: RFG), NZ TV company SKY Network Television Limited (ASX: SKT) and loan broker Mortgage Choice Limited (ASX: MOC).

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