Business
These 2 companies join the ASX 200 next week
The S&P/ASX 200 Index (ASX: XJO) will welcome 2 new companies next week while kicking out 3.
The quarterly rebalance will take place for the start of trade Monday 21 December.
The share price of the 2 additions will be keenly watched that day as index funds will be forced to buy them up to synchronise with the ASX 200.
After a spectacular rise in its share price in 2020, Kogan.com Ltd (ASX: KGN) is a high-profile entrant.
The retailer has been a massive beneficiary of the COVID-19 pandemic and the resultant consumer shift to online shopping.
The Kogan share price started the year at $7.47 but had risen to $18.16 as of close of trade Friday. This represents a 143% climb, and that’s even after a correction from its dizzy high of…
-
General19 hours agoAustralia Kangaroos lose Xavier Coates and Zac Lomax ahead of rugby league Ashes in England
-
Business23 hours agoDoes Macquarie rate Karoon Energy shares a buy, hold or sell?
-
General5 hours agoPolice investigating after body found on road in Newborough, Gippsland
-
General19 hours agoA culture of leniency. Exposing wrongdoing or protecting wrongdoers?