Forum Archive Index - August 2000

["Kathy Gruschow" <kathy@nzse.co.nz>]

Hi Oliver

The NZSE40 is reviewed on a quarterly basis by the NZSE. For a 
copy of the rules contact robert@nzse.co.nz.

Cheers

Kathy

On 23 Aug 00, at 16:25, oli@vodafone.net.nz wrote:

> Was interested to note this comment in the FRU announcement today:
> 
> "At the closing share price of $2.40 on 22 August 2000 the company has a
> market cap of $300 m which would rank it around number 34 if it were in
> the NZSE 40."
> 
> How does a company come to be included in the index?  I had assumed it was
> by market capitalisation, but over what period must that level be
> maintained before a new up-and-comer is admitted at the expense of a
> company already in the SE40?
> 
> The last change I heard about was when ADV became a part of it as a result
> of colonial moving out for merger reasons.  Now I'm assuming ADV are still
> no.40 given their price decline since being included? Presumablty this
> would put downward pressure on the ADV price?
> 
> Oliver
> 
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