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…
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