ASX quarterly review: Bellamy’s in, Slater & Gordon out
Infant formula and organic food company Bellamy’s Australia (ASX: BAL) is one of five stocks set to enter the S&P/ASX 200 index following the March quarterly review.
Law firm Slater & Gordon (ASX: SGH), which announced a half-year loss of $958.3mlast week, will be removed from the nation’s benchmark stock index, S&P Dow Jones Indices said in a statement on Friday.
Changes will take place after trading closes on March 18, the index provider said.
Tasmania-based Bellamy’s half-year net profit skyrocketed 325% to $13.7m due to strong domestic and export sales in both baby formula and food segments.
The other four companies to be included in the ASX 200 are Aconex (ASX: ACX), which provides web collaboration and project management software, building materials maker Brickworks (ASX: BKW), intellectual property services firm IPH (ASX: IPH), and gold miner St Barbara (ASX: SBM).
They will replace upstream oil and gas group AWE (ASX: AWE), Cabcharge Australia (ASX: CAB), Karoon Gas Australia (ASX: KAR) and Ten Network Holdings (ASX: TEN).
Meanwhile, toll roads operator Transurban Group (ASX: TCL) will take the spot from Origin Energy (ASX: ORG) in the S&P/ASX 20 index, while Qantas Airways (ASX: QAN) will replace Crown Resorts (ASX: CWN) in the S&P/ASX 50 index.
As for the S&P/ASX 100 index, the addition is Vocus Communications (ASX: VOC), while the removals are Sims Metal Management (ASX: SGM) and WorleyParsons (ASX: WOR).
There is an additional removal because the ASX 100 index currently has an additional member, S&P Dow Jones Indices said.