Every three months, S&P Dow Jones Indices announces changes in the S&P/ASX Indices as a result of its quarterly reviews.
As we approach the end of the first quarter, the index provider has just revealed the changes that it will be making to the ASX 200 index effective prior to the open of trading on Monday 23 March.
This has seen three ASX 200 shares dumped from the benchmark index.
Which ASX 200 shares are being dumped?
According to the release, sports technology company Catapult Sports Ltd (ASX: CAT), data centre operator DigiCo Infrastructure REIT (ASX: DGT), and pharmacy wholesaler EBOS Group Ltd (ASX: EBO) are leaving the ASX 200 index later this month.
They are being kicked out after their share prices dropped to a level that took them below the threshold required to remain in the index.
Catapult shares are down almost 40% over the past six months, giving the company a market capitalisation of $1.23 billion.
DigiCo Infrastructure REIT shares are down 50% since this time last year, dragging its market capitalisation to $1.12 billion.
Finally, New Zealand-based EBOS' shares are down almost 44% over the past 12 months. However, its exit could be more due to relative liquidity (tradability), rather than market capitalisation.
Which shares are joining the index?
S&P Dow Jones Indices has named gold miner Predictive Discovery Ltd (ASX: PDI), engineering and construction services provider SRG Global Ltd (ASX: SRG), and lithium developer Vulcan Energy Resources Ltd (ASX: VUL) as their replacements.
Predictive Discovery shares are up 185% over the past 12 months, lifting its market capitalisation to $2.41 billion.
SRG Global's shares have risen by 120%, giving it a market capitalisation of $1.7 billion.
Finally, Vulcan Energy Resources shares are only up 11% since this time last year but have a market capitalisation of $1.73 billion and a much stronger balance sheet than a year ago.
What other changes are being made?
Northern Star Resources Ltd (ASX: NST) shares are joining the exclusive ASX 20 index in place of Santos Ltd (ASX: STO).
Light & Wonder Inc (ASX: LNW) and PLS Group Ltd (ASX: PLS) are joining the ASX 50 index, with TechnologyOne Ltd (ASX: TNE) and Seek Ltd (ASX: SEK) heading out.
Lastly, gold miners Greatland Resources Ltd (ASX: GGP), Regis Resources Ltd (ASX: RRL), and Westgold Resources Ltd (ASX: WGX) are being added to the ASX 100 index. They are replacing Lendlease Group (ASX: LLC), Netwealth Group Ltd (ASX: NWL), and Pinnacle Investment Management Group Ltd (ASX: PNI).
The post 3 shares dumped from the ASX 200 index (and 3 new additions) appeared first on The Motley Fool Australia.
Motley Fool contributor James Mickleboro has positions in Technology One. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Catapult Sports, Light & Wonder Inc, Netwealth Group, Pinnacle Investment Management Group, and Technology One. The Motley Fool Australia has positions in and has recommended Catapult Sports, Netwealth Group, and Pinnacle Investment Management Group. The Motley Fool Australia has recommended Light & Wonder Inc, Srg Global, and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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