Standard & Poor’s Canadian Index Operations has announced several changes to the S&P/TSX Composite index effective after the close of business on Friday, March 19.
The changes are the result of the quarterly S&P/TSX composite index review.
The relative weights of the following companies will change by 0.05% or more in the S&P/TSX Composite index:
- EnCana Corp., -0.05%;
- Nortel Networks Corp., +0.06%; and Alimentation Couche-Tard Inc..+0.05%
Six stocks will be added to the S&P/TSX composite index:
- Canadian Superior Energy Inc., SNG;
- ConjuChem Inc., CJC;
- Home Capital Group Inc., HCG.B; Minefinders Corporation Ltd., MFL;
- Progress Energy Ltd., PGX; and
- Sino-Forest Corp., TRE.A.
Two stocks will be dropped from the S&P/TSX Composite Index: Decoma International Inc., DEC.A; and Leon’s Furniture Ltd., LNF.
These changes to the S&P/TSX composite index will also affect the S&P/TSX capped composite index.
S&P says company additions to and deletions from an equity index do not in any way reflect an opinion on the investment merits of the company.
S&P also announced that two stocks will jump graduate from the S&P/TSX Venture composite index after the close of trading on Monday, March 8.
AFCAN Mining Corp. (TSXVN:AFK) will be removed from the index. The company will graduate to trade on the TSX under the ticker symbol “AFK” at the open on March 10.
Railpower Technologies Corp. (TSXVN:P) will be removed from the index. The company will graduate to trade on the TSX under the ticker symbol “P” at the open on March 10.