S&P/ASX 200

The S&P/ASX 200 index is a market-capitalization weighted and float-adjusted stock market index of Australian stocks listed on the Australian Securities Exchange from Standard & Poor's. It was started on 31 March 2000 with a value of 3133.3,^[1] equal to the value of the All Ordinaries at that date.

The ASX 200 reached 6,000 points for the first time on Thursday 15 February 2007.^[2]

Bloomberg, CNBC, Yahoo! Finance and Wikinvest use respectively the symbols AS51^[3] .AXJO^[4] ^AXJO^[5] and AXJO^[6] to refer to this index.

Calculations

The ASX 200 is capitalization-weighted, meaning a company's contribution to the index is relative to its total market value i.e. share price multiplied by the number of tradeable shares. The ASX 200 is also float adjusted, meaning the absolute numerical contribution to the index is relative to the stock's value at the float of the stock.^[7]

Although the calculation starts with a sum of the market capitalisation of the constituent stocks, it's intended to reflect changes in share price, NOT market capitalisation. Therefore, a fudge factor called the "Divisor" is used to ensure that the index value only changes when stock prices change, not whenever market capitalisation changes. For example, if a company increases its market capitalisation by issuing new shares, the Divisor is adjusted so that the ASX 200 index value does not change.

Eligibility

To be eligible for inclusion in the ASX 200 Index:^[8]

Market capitalization: A stock’s weight in the index is determined by the float-adjusted market capitalization of the stock. This is a function of current index shares, the latest available stock price and the Investable weight factor (IWF). The IWF represents the float-adjusted portion of a stock’s equity capital. Therefore, any strategic holdings that are classified as either corporate, private or government holdings reduce the IWF which, in turn, results in a reduction in the float-adjusted market capital. Shares owned by founders, directors of the company, trusts, venture capitalists and other companies are also excluded. These are also deemed strategic holders, and are considered long-term holders of a stock’s equity. Any strategic shareholdings that are greater than 5% of total issued shares are excluded from the relevant float.
Liquidity: The trading volume in terms of dollar value and the number of transactions must exceed at least 0.025% of the sum of all eligible securities' trading volume. To ensure that no single company dominates trading, they are capped at a maximum of 15% for value, volume and transactions.
Listing: Only stocks listed on the Australian Stock Exchange will be considered for inclusion in any of the S&P/ASX indices.

Constituent companies

The number of companies in the index is highly dynamic and does not always revert to exactly 200. On average, the index is rebalanced every quarter by Standard & Poors.:^[9]

As of 26 December 2015, the constituent stocks of the ASX 200 in alphabetical order by symbol are^[10]

Symbol	Company	GICS	Sector	Headquarters
AAC	Australian Agricultural Company Limited	?	Consumer Staples
AAD	Ardent Leisure Group	25	Consumer Discretionary
ABC	Adelaide Brighton Limited	?	Materials
ABP	Abacus Property Group	40	Financials
AGL	AGL Energy Limited	55	Utilities	Sydney
AHG	Automotive Holdings Group Limited	?	Consumer Discretionary
AHY	Asaleo Care Limited	?	Consumer Staples
AIO	Asciano Limited	?	Industrials
ALL	Aristocrat Leisure Limited	25	Consumer Discretionary
ALQ	ALS Limited	?	Industrials
ALU	Altium Limited	?	Information Technology
AMC	Amcor Limited	15	Materials	Melbourne
AMP	AMP Limited	40	Financials	Sydney
ANN	Ansell Limited	?	Health Care
ANZ	Australia and New Zealand Banking Group Limited	40	Financials	Melbourne
AOG	Aveo Group	40	Financials
APA	APA Group	55	Utilities
API	Australian Pharmaceutical Industries Limited	?	Health Care
APN	APN News & Media Limited	25	Consumer Discretionary
APO	Apn Outdoor Group Limited	25	Consumer Discretionary
ARB	ARB Corporation Limited	10	Energy
ASB	Austal Limited	?	Industrials
AST	Ausnet Services Limited	55	Utilities
ASX	ASX Limited	40	Financials	Sydney
AWC	Alumina Limited	15	Materials
AWE	AWE Limited	10	Energy
AZJ	Aurizon Holdings Limited	20	Industrials	Brisbane
BAP	Burson Group Limited	25	Consumer Discretionary
BEN	Bendigo and Adelaide Bank Limited	40	Financials	Melbourne
BGA	Bega Cheese Limited	?	Consumer Staples
BHP	BHP Billiton Limited	15	Materials	Melbourne / London
BKL	Blackmores Limited	?	Consumer Staples
BLD	Boral Limited	15	Materials
BOQ	Bank of Queensland Limited	40	Financials	Brisbane
BPT	Beach Energy Limited	10	Energy
BRG	Breville Group Limited	25	Consumer Discretionary
BRS	Broadspectrum Limited	?	Industrials
BSL	Bluescope Steel Limited	15	Materials
BTT	BT Investment Management Limited	40	Financials
BWP	BWP Trust Ord Units	40	Financials
BXB	Brambles Limited	20	Industrials	Sydney
CAB	Cabcharge Australia Limited	?	Industrials
CAR	Carsales.com Limited	?	Information Technology
CBA	Commonwealth Bank of Australia	40	Financials	Sydney
CCL	Coca-Cola Amatil Limited	30	Consumer Staples	Sydney
CCP	Credit Corp Group Limited	?	Industrials
CGC	Costa Group Holdings Limited	40	Financials
CGF	Challenger Limited	40	Financials
CHC	Charter Hall Group Forus	40	Financials
CIM	CIMIC Group Limited	?	Industrials
CMW	Cromwell Property Group	40	Financials
COH	Cochlear Limited	?	Health Care
CPU	Computershare Limited	45	Information Technology	Melbourne
CQR	Charter Hall Retail Reit Unit	40	Financials
CSL	CSL Limited	35	Health Care	Melbourne
CSR	CSR Limited	15	Materials
CTD	Corporate Travel Management Limited	40	Financials
CTX	Caltex Australia Limited	10	Energy
CVO	Cover-more Group Limited	40	Financials
CWN	Crown Resorts Limited	25	Consumer Discretionary	Melbourne
DLX	Duluxgroup Limited	15	Materials
DMP	Domino's Pizza Enterprises Limited	40	Financials
DOW	Downer Edi Limited	?	Industrials
DUE	Duet Group Forus	55	Utilities
DXS	Dexus Property Group	?	Real Estate	Sydney
EHE	Estia Health Limited	35	Health Care
EVN	Evolution Mining Limited	15	Materials
FBU	Fletcher Building Limited NZ	15	Materials
FLT	Flight Centre Travel Group Limited	25	Consumer Discretionary
FMG	Fortescue Metals Group Limited	15	Materials	Perth
FPH	Fisher & Paykel Healthcare Corporation Limited NZ	?	Health Care
FXJ	Fairfax Media Limited	40	Financials
FXL	Flexigroup Limited	40	Financials
GEM	G8 Education Limited	40	Financials
GMA	Genworth Mortgage Insurance Australia Limited	40	Financials
GMG	Goodman Group	40	Financials	Sydney
GNC	Graincorp Limited	?	Consumer Staples
GOZ	Growthpoint Properties Australia	40	Financials
GPT	GPT Group	40	Financials	Sydney
GTY	Gateway Lifestyle Group	40	Financials
GUD	G.u.d. Holdings Limited	40	Financials
GWA	GWA Group Limited	?	Industrials
GXL	Greencross Limited	?	Health Care
HGG	Henderson Group PLC	40	Financials
HSO	Healthscope Limited	?	Health Care
HVN	Harvey Norman Holdings Limited	25	Consumer Discretionary
IAG	Insurance Australia Group Limited	40	Financials	Sydney
IFL	Ioof Holdings Limited	40	Financials
IGO	Independence Group NL	15	Materials
ILU	Iluka Resources Limited	15	Materials
IOF	Investa Office Fund	40	Financials
IPL	Incitec Pivot Limited	15	Materials	Melbourne
IRE	Iress Limited	?	Information Technology
ISD	Isentia Group Limited	?	Information Technology
IVC	Invocare Limited	25	Consumer Discretionary
JBH	JB Hi-fi Limited	25	Consumer Discretionary
JHC	Japara Healthcare Limited	35	Health Care
JHX	James Hardie Industries PLC	15	Materials
KAR	Karoon Gas Australia Limited	10	Energy
LLC	Lendlease Group	40	Financials	Sydney
LNG	Liquefied Natural Gas Limited	10	Energy
MFG	Magellan Financial Group Limited	40	Financials
MGR	Mirvac Group	40	Financials	Sydney
MIN	Mineral Resources Limited	?	Industrials
MMS	Mcmillan Shakespeare Limited	?	Industrials
MND	Monadelphous Group Limited	?	Industrials
MPL	Medibank Private Limited	40	Financials	Melbourne
MQA	Macquarie Atlas Roads Group	?	Industrials
MQG	Macquarie Group Limited	40	Financials	Sydney
MSB	Mesoblast Limited	?	Health Care
MTR	Mantra Group Limited	25	Consumer Discretionary
MTS	Metcash Limited	?	Consumer Staples
MTU	M2 Group Limited	?	Telecommunication Services
MYO	Myob Group Limited	?	Information Technology
MYR	Myer Holdings Limited	25	Consumer Discretionary
MYX	Mayne Pharma Group Limited	?	Health Care
NAB	National Australia Bank Limited	40	Financials	Melbourne
NCM	Newcrest Mining Limited	15	Materials	Melbourne
NEC	Nine Entertainment Co. Holdings Limited	25	Consumer Discretionary
NSR	National Storage Reit	40	Financials
NST	Northern Star Resources Limited	15	Materials
NUF	Nufarm Limited	15	Materials
NVT	Navitas Limited	25	Consumer Discretionary
NWS	News Corporation	25	Consumer Discretionary
OFX	Ozforex Group Limited	40	Financials
ORA	Orora Limited	15	Materials
ORG	Origin Energy Limited	10	Energy	Sydney
ORI	Orica Limited	15	Materials	Melbourne
OSH	Oil Search Limited	10	Energy	Port Moresby
OZL	Oz Minerals Limited	15	Materials
PBG	Pacific Brands Limited	25	Consumer Discretionary
PGH	Pact Group Holdings Limited	15	Materials
PMV	Premier Investments Limited	25	Consumer Discretionary
PPT	Perpetual Limited	40	Financials
PRG	Programmed Maintenance Services Limited	?	Industrials
PRY	Primary Health Care Limited	35	Health Care
PTM	Platinum Asset Management Limited	40	Financials
QAN	Qantas Airways Limited	20	Industrials	Sydney
QBE	QBE Insurance Group Limited	40	Financials	Sydney
QUB	Qube Holdings Limited	?	Industrials
REA	REA Group Limited	25	Consumer Discretionary
REC	Recall Holdings Limited	?	Industrials
REG	Regis Healthcare Limited	35	Health Care
RFG	Retail Food Group Limited	25	Consumer Discretionary
RHC	Ramsay Health Care Limited	35	Health Care
RIO	Rio Tinto Limited	15	Materials	Melbourne / London
RMD	ResMed Inc	?	Health Care
RRL	Regis Resources Limited	15	Materials
S32	South32 Limited	15	Materials
SAI	SAI Global Limited	?	Industrials
SCG	Scentre Group	40	Financials
SCP	Shopping Centres Australasia Property Group	40	Financials
SDF	Steadfast Group Limited	40	Financials
SEK	Seek Limited	20	Commercial Services & Supplies	Melbourne
SFR	Sandfire Resources NL	15	Materials
SGH	Slater & Gordon Limited	40	Financials
SGM	Sims Metal Management Limited	15	Materials
SGP	Stockland	40	Financials	Sydney
SGR	The Star Entertainment Group Limited	40	Financials
SHL	Sonic Healthcare Limited	35	Health Care	Sydney
SHV	Select Harvests Limited	?	Consumer Staples
SIP	Sigma Pharmaceuticals Limited	?	Health Care
SKC	Skycity Entertainment Group Limited NZ	25	Consumer Discretionary
SKI	Spark Infrastructure Group Forus	55	Utilities
SKT	SKY Network Television Limited NZ	25	Consumer Discretionary
SPK	Spark New Zealand Limited NZX	?	Telecommunication Services
SPO	Spotless Group Holdings Limited	?	Industrials
SRX	Sirtex Medical Limited	?	Health Care
STO	Santos Limited	10	Energy	Adelaide
SUL	Super Retail Group Limited	25	Consumer Discretionary
SUN	Suncorp Group Limited	40	Financials	Brisbane
SVW	Seven Group Holdings Limited	?	Industrials
SWM	Seven West Media Limited	25	Consumer Discretionary
SXL	Southern Cross Media Group Limited	25	Consumer Discretionary
SYD	Sydney Airport Forus	20	Industrials	Sydney
SYR	Syrah Resources Limited	15	Materials
TAH	Tabcorp Holdings Limited	25	Consumer Discretionary
TCL	Transurban Group	20	Industrials	Melbourne
TEN	Ten Network Holdings Limited	25	Consumer Discretionary
TGR	Tassal Group Limited	?	Consumer Staples
TLS	Telstra Corporation Limited	50	Telecommunications Services	Melbourne
TME	Trade Me Group Limited	25	Consumer Discretionary
TNE	Technology One Limited	?	Information Technology
TPI	Transpacific Industries Group Limited	?	Industrials
TPM	TPG Telecom Limited	?	Telecommunication Services
TTS	Tatts Group Limited	25	Consumer Discretionary
TWE	Treasury Wine Estates Limited	?	Consumer Staples
VCX	Vicinity Centres	40	Financials
VED	Veda Group Limited	?	Industrials
VOC	Vocus Communications Limited	?	Telecommunication Services
VRL	Village Roadshow Limited	25	Consumer Discretionary
VRT	Virtus Health Limited	35	Health Care
WBC	Westpac Banking Corporation	40	Financials	Sydney
WES	Wesfarmers Limited	20	Industrials	Perth
WFD	Westfield Corporation	40	Financials	Sydney
WHC	Whitehaven Coal Limited	10	Energy
WOR	Worleyparsons Limited	10	Energy
WOW	Woolworths Limited	30	Consumer Staples	Sydney
WPL	Woodside Petroleum Limited	10	Energy	Perth
WSA	Western Areas Limited	15	Materials

References

↑ "Aussie market breaks 5000 point barrier". Sydney Morning Herald. Fairfax Media. 20 March 2006. Retrieved 3 March 2008.
↑ Burrow, Vanessa (16 February 2007). "Three cheers for the mighty 6000 as the record keeps on playing". The Age. Retrieved 8 August 2011.
↑ AS51 Quote - S&P/ASX 200 Index - Bloomberg Markets
↑ CNBC quote for S&P/ASX 200
↑ ^AXJO: Summary for S&P/ASX 200-Yahoo! Finance
↑ Index: S&P/ASX 200 Index (AXJO) - Wikinvest
↑ "Index Mathematics Methodology" (PDF). Standard & Poor's. Retrieved 24 November 2011.
↑ ASX 200 eligbility rules via Wikinvest
↑ "S&P/ASX200". Standard & Poors.
↑ http://www.marketindex.com.au/asx200

External links

Business in Australia

Institutions	Australian Competition and Consumer Commission Australian corporate law Australian Prudential Regulation Authority Australian Securities and Investments Commission Australian Takeovers Panel Constitution of Australia, 1901 (Cth) corporations power Economy of Australia

Stock Exchange	Australian Securities Exchange S&P/ASX 20 S&P/ASX 50 S&P/ASX 200 S&P/ASX 300 Chi-X

Business associations	Australian Chamber of Commerce and Industry Australian Hotels Association Australian Industry Group Business Council of Australia Minerals Council of Australia National Farmers' Federation

S&P/ASX 50 companies (alpha–sorted)	AGL Energy Amcor AMP APA Asciano Aurizon ANZ ASX BHP Billiton Brambles Caltex Australia Coca-Cola Amatil Commonwealth Bank Computershare Crown CSL Dexus Federation Centres Goodman GPT Incitec Pivot IAG James Hardie Lend Lease Macquarie Group Medibank Mirvac National Australia Bank Newcrest Mining Oil Search Orica Origin Energy QBE Insurance Ramsay Health Care Rio Tinto Santos Scentre Seek Limited Sonic Healthcare South32 Stockland Suncorp Sydney Airport Holdings Telstra Transurban Wesfarmers Westfield Westpac Woodside Petroleum Woolworths

Other notable companies	Adelaide Bank Akubra Alumina Australian Radio Network AXA Asia Pacific Bendigo Bank BlueScope Steel Caltex Challenger CIMIC Cochlear Coles Fairfax Media Fosters Holden James Hardie JB Hi-Fi John Holland Macquarie Radio Metcash National Storage News Corp Australia Nine Entertainment Optus Qube Holdings RM Williams Seven West Media Southern Cross Austereo St George Bank Star Entertainment Group Vero Insurance Zinifex

Corporate controversies and collapses	Ansett Australia Bridgecorp Holdings Dick Smith Holdings Firepower International Great Southern Group James Hardie asbestos controversy Rodney Adler, Brad Cooper, Ray Williams and the collapse of HIH Insurance King Brothers Opes Prime Pasminco becomes Zinifex Poseidon bubble Price fixing in the packaging industry Rene Rivkin and the Offset Alpine fire Jodee Rich and One.Tel Network Ten and its cost-cutting measures Christopher Skase and Qintex Storm Financial Timbercorp WA Inc Wayne Mansfield Westpoint

Notable individuals	Peter Abeles Warren Anderson Reg Ansett Alan Bond Chris Corrigan Robert Champion de Crespigny Janet Holmes à Court Robert Holmes à Court Rod Eddington John Elliott Andrew Forrest David Gonski Joseph Gutnick Lang Hancock Margaret Jackson Gail Kelly Solomon Lew Frank Lowy David Morgan Hugh Morgan Lachlan Murdoch James Murdoch Rupert Murdoch Sidney Myer Jacques Nasser Frank Packer James Packer Kerry Packer Clive Palmer Arvi Parbo Gina Rinehart Dick Smith Kerry Stokes Ziggy Switkowski Harry Triguboff Malcolm Turnbull Solomon Trujillo Nicholas Whitlam

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