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These 8 companies joined the ASX 200 on Monday. This is how they perform

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The S&P/ASX 200 Index (ASX: XJO) welcomed eight new companies on Monday morning.

The underlying index also said goodbye to eight others.

All of these are part of the S&P Dow Jones Indices quarterly rebalancingfollowing on from the September Quarterly Review, which seeks to maintain risks at target levels volatility levels.

The ASX 200, as you probably know, is house 200 (or so) of the largest listed companies market capitalization. As some of these companies lost a lot of ground over the past three months, they were replaced on Monday by other companies.

Below we look at eight of the newest ASX 200 stocks and their performance since last Friday’s close. For context, the benchmark index has since fallen 0.6%.

Joining the ASX 200 on Monday

The first new company to join the ASX 200 on Monday Capricorn Metals Ltd (ASX: CMM), with a market cap of $1.07 billion. The primary focus of the resource explorer is the Karlawinda Gold project located in Western Australia. Capricorn Metals’ share price is down 1.05% since being added to the new benchmark index.

Next we have Charter Hall Social Infrastructure REIT (ASX: CQE), with a market capitalization of $1.3 billion. The real estate investment fund mainly invests in early learning centers. Charter Hall pays 4.94% trailing dividend yield, franked. Shares of the REIT are down 2.6% since Friday’s close.

The third company to join the ASX 200 this week Johns Lyng Group Ltd (ASX: JLG), which has a market cap of $1.64 billion. Johns Lyng provides comprehensive construction services in Australia. The company pays a 0.9% trailing dividend yield, fully franked. The stock is up 2.97% this week.

Let’s move on to the fourth new member Karoon Energy Ltd (ASX: CAR), with a market cap of $1.16 billion. The oil and gas exploration and production company has projects in Australia and Brazil. Shares of Karoon Energy are up 3.48% since the close on Friday.

Also takes a step

A fashion jewelery retailer also joined the ASX 200 this week Lovisa Holdings Ltd (ASX: LOV). In 2022, Lovisa was growing and now has a market capitalization of $2.5 billion. Lovisa pays a 3.26% dividend yield, partially franked. The stock is up 1.8% this week.

Next Smartgroup Corporation Ltd (ASX: SIQ), with a market capitalization of $723 million. ASX’s tech arm provides specialist employee management services such as salary packaging and fleet management. The stock pays a trailing dividend yield of 6.67%, fully franked. Smartgroup’s share price is down 0.92% this week.

Enters under number seven Spark New Zealand Ltd (ASX: SPK), with a significant market capitalization of $8.53 billion. ASX Telecom is a leading provider of fixed and mobile communications services in New Zealand. Shares were up 1.79% from Friday’s close. Spark pays a franked 5.58% dividend yield.

And the latest company to join the ASX 200 on Monday Sayona Mining Ltd (ASX: SO), which has a market capitalization of $2.2 billion. The resource company is primarily focused on lithium and graphite, with projects in Australia and Canada. The stock is down 13.8% this week.

https://www.fool.com.au/2022/09/21/these-8-companies-joined-the-asx-200-on-monday-heres-how-theyre-performing/

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