Austal shines in ASX rebalance
You have no credits left. To view this article subscribe to Business News.
You have used {{points}} and have {{current_points}} remaining. Your credits will reset on {{reset_date}}.
This article is part of a special report and is available to paid Business News subscribers only.
You can purchase access to this special report or subscribe to Business News.
You can purchase access to this special report or subscribe to Business News.
This article is premium content and is available to paid Business News subscribers only.
Subscribe to Business News.
Subscribe to Business News.
Friday, 4 September, 2015 - 14:33
Category:
Shipbuilder Austal has shone in the quarterly rebalance of the S&P/ASX indices, while many local miners and contractors have been demoted.
Austal, which recently posted a 70 per cent rise in net profit for the 2015 financial year, has been added to the ASX 200 index, while MMA Offshore, Bradken and UGL have been bumped down.
New Zealand-based retailer Kathmandu also lost its place in the top 200.
Gold companies St Barbara and Gold Road Resources have moved up the rankings and have been added to the ASX 300 index, while iron ore miners Atlas Iron and BC Iron lost their positions in the index.
NRW Holdings, Ausdrill, Buru Energy, Silver Lake Resources and Tiger Resources were also bumped from the ASX 300 index.