13 Sep 2013

NZX to rebalance its Top 20 index

7:32 am on 13 September 2013

NZX says it will rebalance the Top 20 index effective from the market opening on Monday 23 September to include Infratil, Mighty River Power and Xero.

NZX says the three companies now meet the ranking and requirements around the tradability of their shares to qualify for inclusion.

The three lowest ranked companies within the Top 20 index, ANZ Bank, Freightways and Guinness Peat Group, will be removed from the index.

NZX says changes to its indices in no way reflect an opinion on any NZX listed company - they are determined solely by the NZX index methodology.