No WA-based companies apart from AHG were omitted from the S&P/ASX 200 and S&P/ASX 300 indexes.

AHG falls from ASX 200, six WA companies join ASX 300

Friday, 8 March, 2019 - 13:06

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.

AusCann Group Holdings, Bellevue Gold, Helios Energy, Sheffield Resources, Schaffer Corporation, Tungsten Mining, Seafarms Group and Millennium Minerals will all be part of the All Ords.

Artemis Resources, Australian Mines, Berkeley Energia, Gascoyne Resources, Eden Innovations, Alkane Resources, Titan Minerals and Rand Mining were booted from the All Ords.

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.