AHG falls from ASX 200, six WA companies join ASX 300
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Automotive Holdings Group has slipped out of the benchmark S&P/ASX 200 index, while six Western Australian companies have moved into the S&P/ASX 300 index.
AHG’s departure from the S&P/ASX 200 was the most notable WA-based move in the Australian share market indices' quarterly rebalancing, but continues in the S&P/ASX 300 and All Ordinaries.
It posted a loss of $226 million for the first half of this financial year, and its share price has fallen 48.4 per cent from a year ago to trade at $1.96 each at 3.10pm AEDT.
Carnarvon Petroleum, Macmahon Holdings, Paladin Energy, Mount Gibson Iron, Silver Lake Resources and Ramelius Resources were all admitted to the S&P/ASX 300 index, with no WA companies removed from that index.
Embattled wealth manager IOOF Holdings was the sole company to slip out of the S&P/ASX 100, making way for Washington H Soul Pattinson.
The changes to the indices will apply from the start of trade on March 18.