Business
Quarterly rebalance: Afterpay (ASX:APT) added to ASX 20, Kogan (ASX:KGN) joins the ASX 200
A number of shares could be on the move on Monday after S&P Dow Jones Indices announced its quarterly rebalance of the S&P/ASX Indices.
This will see a number of popular shares added and dumped out of our major indices.
Here is a summary of the change that will be effective at the open of trading on December 21:
ASX 20.
The ASX 20 is home to the 20 largest listed companies on the Australian share market and will welcome payments company Afterpay Ltd (ASX: APT). The buy now pay later provider will take the place of insurance giant Insurance Australia Group Ltd (ASX: IAG).
ASX 50.
Afterpay is also being added to the ASX 50 at the rebalance and will be joined by cloud-based business and accounting software provider Xero Limited (ASX:…
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