S&P/ASX 200

The S&P/ASX 200 (XJO) index is a market-capitalisation weighted and float-adjusted stock market index of stocks listed on the Australian Securities Exchange. The index is maintained by Standard & Poor's and is considered the benchmark for Australian equity performance. It is based on the 200 largest ASX listed stocks, which together account for about 82% (as of March 2017) of Australia's share market capitalisation.^[2]

S&P/ASX 200

Foundation	April 3, 2000; 24 years ago (2000-04-03)
Operator	S&P Dow Jones Indices
Exchanges	Australian Securities Exchange (ASX)
Trading symbol	ASX: XJO
Constituents	200
Type	All except micro-cap
Market cap	A$2.452 trillion (May 2024)[1]
Weighting method	Float-adjusted market cap weighted
Related indices	S&P/ASX 20 S&P/ASX 50 S&P/ASX 300 All Ordinaries
Website	S&P/ASX 200
Reuters	.AXJO
Bloomberg	AS51

The ASX 200 was started on 31 March 2000 with a value of 3133.3,^[3] 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.^[4] On 22 December 2017, the ASX 200 was 6,069.^[5] The ASX 200 crossed the 7,000 points level for the first time on 16 January 2020.^[6]

Bloomberg, CNBC, Yahoo! Finance and Wikinvest use respectively the symbols AS51^[7] .AXJO^[8] ^AXJO^[9] and AXJO^[10] to refer to this index.

The ASX 200 webpage offers a Share market game as an educational tool with $50,000.00 AUD virtual cash.^[11]

Calculations

The ASX 200 is capitalisation-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.^[12]

Although the calculation starts with a sum of the market capitalisation of the constituent stocks, it is 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.

Contract specifications

The ASX 200 (ticker symbol AP) is traded on the ASX 24 exchange (SFE) with a contract size of 25 x S&P/ASX Index Points.

Contract Specification^[13]

Australian 200 (AP)
Contract Size:	25 X S&P/ASX 200 Index Points
Exchange:	SFE
Sector:	Index
Tick Size:	1
Tick Value:	25 AUD
Big Point Value (BPV):	25
Denomination:	AUD
Decimal Place:	0

Eligibility

To be eligible for inclusion in the ASX 200 Index:^[14]

• Market capitalisation: A stock's weight in the index is determined by the float-adjusted market capitalisation 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 dynamic and does not always amount to exactly 200. On average, the index is rebalanced every quarter by Standard & Poor's.^[15]

As of 27 February 2022^[update], the constituent stocks of the ASX 200 in alphabetical order by symbol are^[16]

Code	Company	Sector	Market Capitalisation	Chairperson	HQ
A2M	a2 Milk Company	Consumer Staples	4,222,573,287	David Hearn	Auckland
ABC	Adbri	Materials	2,114,513,278	Raymond Barro	Adelaide
ABP	Abacus Property Group	Real Estate	2,504,889,941	Myra Salkinder	Sydney
AGL	AGL Energy	Utilities	5,361,205,772	Peter Botten	Sydney
AIA	Auckland Airport	Industrials	10,425,662,050	Dr Patrick Strange	Auckland
AKE	Allkem	Materials		Martin Rowley	Brisbane
ALD	Ampol	Energy	6,915,526,913	Steven Gregg	Sydney
ALL	Aristocrat Leisure	Consumer Discretionary	25,969,590,581	Neil Chatfield	North Ryde
ALQ	ALS	Industrials	5,996,552,309	Bruce Phillips	Brisbane
ALU	Altium	Information Technology	3,623,210,436	Samuel Weiss	Chatswood
ALX	Atlas Arteria	Industrials	5,993,863,913	Debbie Goodin	Bermuda
AMC	Amcor	Materials	12,997,008,427	Graeme Liebelt	Warmley, Bristol, United Kingdom
AMP	AMP	Financials	3,814,625,158	Debra Hazelton	Sydney
ANN	Ansell	Healthcare	5,081,971,142	John A Bevan	Melbourne
ANZ	Australia & New Zealand Banking Group	Financials	81,809,326,750	Paul O'Sullivan	Melbourne
APA	APA Group	Utilities	11,008,409,602	Michael Fraser	Sydney
APE	Eagers Automotive	Consumer Discretionary	4,099,367,706	Timothy Boyd Crommelin	Brisbane
SQ2	Block Inc. CDI	Information Technology	27,475,711,683	Jack Dorsey	San Francisco
ARB	ARB Corporation	Consumer Discretionary	3,447,251,812	Paul O'Sullivan	Kilsyth
ARF	Arena REIT	Real Estate		David Ross	Melbourne
ASX	ASX	Financials	14,914,571,280	Damian Roche	Sydney
AUB	AUB Group	Financials	1,472,445,404	David Clarke	North Sydney
AWC	Alumina	Materials	5,048,925,666	Peter Day	Southbank
AZJ	Aurizon	Industrials	6,792,197,694	Tim Poole	Brisbane
AVZ	AVZ Minerals	Materials			Perth
BAP	Bapcor	Consumer Discretionary	2,773,000,125	Margaret Anne Haseltine	Preston
BEN	Bendigo & Adelaide Bank	Financials	5,860,403,299	Jacqueline Hey	Bendigo
BGA	Bega Cheese	Consumer Staples	1,803,658,160	Barry Irvin	Bega
BHP	BHP	Materials	142,476,102,671	Ken MacKenzie	Melbourne/London
BKL	Blackmores	Consumer Staples	1,324,020,534	Anne Templeman-Jones	Sydney
BKW	Brickworks	Materials	3,159,271,477	Robert D. Millner	Sydney
BLD	Boral	Materials	8,242,021,345	Kathryn Fagg	Sydney
BOQ	Bank of Queensland	Financials	5,755,188,276	Patrick Allaway	Brisbane
BPT	Beach Energy	Energy	3,095,769,771	Glenn Davis	Adelaide
BRN	Brainchip	Information Technology			Los Angeles
BRG	Breville Group	Consumer Discretionary	3,907,015,408	Steven Fisher	Sydney
BSL	BlueScope	Materials	11,164,346,278	John Bevan	Melbourne
BWP	BWP Trust	Real Estate	2,781,521,867	Erich Fraunschiel	Perth
BXB	Brambles	Industrials	15,851,589,131	John Mullen	Sydney
CAR	CAR Group	Communication Services	5,061,391,108	Patrick O’Sullivan	Richmond
CBA	Commonwealth Bank	Financials	181,383,616,958	Catherine Livingstone	Sydney
CCP	Credit Corp Group	Financials	1,994,566,176	Eric Dodd	Sydney
CCX	City Chic Collective	Consumer Discretionary			Sydney
CGC	Costa Group	Consumer Staples	1,335,389,194	Neil Chatfield	Ravenhall
CGF	Challenger	Financials	3,681,127,599	Peter Polson	Sydney
CHC	Charter Hall	Real Estate	6,786,372,799	David Clarke	Sydney
CHN	Chalice Mining	Materials			Perth
CIA	Champion Iron	Materials	3,367,002,491	Michael O'Keeffe	Sydney
CIP	Centuria Industrial REIT	Real Estate	1,978,229,737	Garry Charny	Sydney
CKF	Collins Foods	Consumer Discretionary	1,470,089,487	Robert Kaye	Hamilton
CLW	Charter Hall Long WALE REIT	Real Estate	2,948,032,800	David Clarke	Sydney
CMW	Cromwell Property Group	Real Estate	2,368,810,961	Gary Weiss	Brisbane
CNI	Centuria Capital	Real Estate			Sydney
CNU	Chorus	Communication Services	2,171,650,000	Patrick Strange	Wellington
COH	Cochlear	Healthcare	15,055,393,862	Rick Holliday-Smith	Sydney
COL	Coles Group	Consumer Staples	22,730,162,020	James Graham	Melbourne
CPU	Computershare	Information Technology	9,834,750,883	Simon David Jones	Melbourne
CRN	Coronado Global Resources	Materials			Brisbane
CQR	Charter Hall Retail REIT	Real Estate	2,196,686,492	David Clarke	Sydney
CSL	CSL	Healthcare	132,895,267,468	Brian McNamee	Melbourne
CSR	CSR	Materials	2,917,150,484	John Gillam	Sydney
CTD	Corporate Travel Management	Consumer Discretionary	2,999,997,097	Ewen Crouch	Brisbane
CUV	Clinuvel Pharmaceut	Healthcare	1,424,005,941	Willem Blijdorp	Melbourne
CWY	Cleanaway	Industrials	5,673,742,207	Mark Chellew	Melbourne
CXO	Core Lithium	Materials			Adelaide
DEG	De Grey Mining	Materials			Perth
DHG	Domain Group	Communication Services	2,833,678,892	Nick Falloon	Sydney
DMP	Domino's Pizza Enterprises	Consumer Discretionary	10,039,306,041	Jack Cowin	Brisbane
DOW	Downer Group	Industrials	3,990,353,494	Michael Harding	Sydney
DRR	Deterra Royalties	Materials	2,288,240,897	Jennifer Seabrook	Perth
DXS	Dexus	Real Estate	11,336,457,693	Richard Sheppard	Sydney
EDV	Endeavour Group	Consumer Staples			Sydney
ELD	Elders	Consumer Staples	1,746,470,293	Ian Wilton	Adelaide
EML	EML Payments	Information Technology	1,210,315,894	Peter Martin	Brisbane
EVN	Evolution Mining	Materials	8,611,682,108	Jake Klein	Sydney
EVT	Event Hospitality and Entertainment	Communication Services		Alan Rydge	Sydney
FBU	Fletcher Building	Industrials	6,008,829,273	Bruce Hassall	Auckland
FLT	Flight Centre	Consumer Discretionary	3,179,210,670	Gary Smith	Brisbane
FMG	Fortescue	Materials	70,754,613,816	Andrew Forrest	Perth
FPH	Fisher & Paykel Healthcare	Healthcare	15,674,345,734	Scott St John	Auckland
GMG	Goodman Group	Real Estate	37,789,165,411	Stephen Jones	Sydney
GNC	GrainCorp	Consumer Staples	1,185,472,153	Peter Richards	Sydney
GOR	Gold Road Res	Materials	1,264,063,716	Tim Netscher	Perth
GOZ	Growthpoint Properties	Real Estate	3,048,525,182	Geoffrey Tomlinson	Melbourne
GPT	GPT Group	Real Estate	9,070,431,340	Vickki McFadden	Sydney
GUD	GUD Holdings	Consumer Discretionary	1,165,490,457	Graeme Billings	Melbourne
HDN	HomeCo Daily Needs REIT	Real Estate			Sydney
HLS	Healius	Healthcare	2,710,144,569	Robert Hubbard	Sydney
HMC	Home Consortium	Real Estate			Sydney
HUB	HUB24	Financials	1,879,162,423	Bruce Higgins	Sydney
HVN	Harvey Norman	Consumer Discretionary	6,703,515,799	Gerry Harvey	Sydney
IAG	Insurance Australia Group	Financials	12,941,776,082	Elizabeth Bryan	Sydney
IEL	IDP Education	Consumer Discretionary	6,109,479,831	Peter Polson	Melbourne
IFL	Insignia Financial	Financials	2,694,696,077	Allan Griffiths	Melbourne
IGO	Independence Group	Materials	5,679,508,598	Peter Bilbe	Perth
ILU	Iluka Resources	Materials	3,272,867,421	Greg Martin	Perth
IMU	Imugene	Healthcare		Paul Hopper	Sydney
INA	Ingenia Group	Real Estate	1,937,752,810	Jim Hazel	Sydney
ING	Inghams	Consumer Staples	1,393,798,504	Peter Bush	Sydney
IPH	IPH	Industrials	1,466,126,096	Richard Grellman	Sydney
IPL	Incitec Pivot	Materials	4,603,073,319	Brian Kruger	Melbourne
IRE	Iress	Information Technology	2,060,860,096	Roger Sharp	Melbourne
IVC	InvoCare	Consumer Discretionary	1,587,549,278	Bart Vogel	Sydney
JBH	JB Hi-Fi	Consumer Discretionary	2,492,970,000		Melbourne
JHG	Janus Henderson	Financials	2,134,330,000		London
JHX	James Hardie	Materials	7,801,540,000		Dublin
KLS	Kelsian Group	Industrials	925,000,000	Jeffrey Ellison	Adelaide
LIC	Lifestyle Communities	Real Estate		Philippa Kelly	Melbourne
LKE	Lake Resources	Materials			Sydney
LLC	Lendlease	Real Estate	7,262,420,000		Sydney
LNK	Link Admin	Information Technology	4,044,590,000		Sydney
LTR	Liontown Resources	Materials		Timothy Goyder	Perth
LYC	Lynas	Materials	1,171,600,000		Sydney
MFG	Magellan Financial Group	Financials	6,173,270,000	Hamish Douglass	Sydney
MGR	Mirvac	Real Estate	9,401,550,000		Sydney
MIN	Mineral Resources	Materials	2,828,920,000		Perth
MP1	Megaport	Information Technology			Brisbane
MPL	Medibank	Financials	7,821,370,000	Elizabeth Alexander	Melbourne
MQG	Macquarie Group	Financials	43,786,800,000	Peter Warne	Sydney
MTS	Metcash	Consumer Staples	2,373,160,000		Sydney
NAB	National Australia Bank	Financials	69,797,300,000	Philip Chronican	Melbourne
NAN	Nanosonics	Healthcare	1,244,520,000		Sydney
NCM	Newcrest	Materials	18,683,900,000	Peter Hay	Melbourne
NEC	Nine Entertainment	Communication Services	2,907,700,000	Benjamin Nhut Minh Vo	Sydney
NHC	New Hope	Energy			Brisbane
NHF	Nib	Financials	2,628,530,000		Newcastle
NIC	Nickel Industries Limited	Materials			Sydney
NSR	National Storage	Real Estate	1,176,540,000		Brisbane
NST	Northern Star Resources	Materials	5,914,960,000	Bill Beament	Perth
NUF	Nufarm	Materials	1,989,310,000		Melbourne
NVX	Novonix	Information Technology		Anthony Bellas	Brisbane
NWL	Netwealth Group	Financials	1,949,000,000		Melbourne
NWS	News Corp Class B	Communication Services	1,003,710,000		New York City
NXT	NextDC	Information Technology	2,144,410,000	Douglas Flynn	Brisbane
ORA	Orora	Materials	3,801,060,000		Melbourne
ORG	Origin Energy	Utilities	12,949,500,000	Gordon Cairns	Sydney
ORI	Orica	Materials	6,705,960,000	Malcolm Broomhead	Melbourne
OZL	Oz Minerals	Materials	3,335,910,000		Adelaide
PBH	Pointsbet Holdings	Consumer Discretionary			Melbourne
PDL	Pendal Group	Financials	2,728,500,000		Sydney
PDN	Paladin Energy	Energy		Mark Lawrenson	Perth
PLS	Pilbara Minerals	Materials	1,299,660,000		Perth
PME	Pro Medicus	Healthcare	2,648,000,000		Melbourne
PMV	Premier Investments	Consumer Discretionary	2,600,550,000		Melbourne
PNI	Pinnacle Investment Management	Financials		Alan Watson	Sydney
PPT	Perpetual	Financials	1,913,740,000		Sydney
PRU	Perseus Mining	Materials			Perth
QAN	Qantas	Industrials	9,314,970,000	Richard Goyder	Sydney
QBE	QBE Insurance	Financials	16,409,200,000	Marty Becker	Sydney
QUB	Qube Holdings	Industrials	4,463,420,000		Sydney
REA	REA Group	Communication Services	10,740,000,000	Owen Wilson	Melbourne
REH	Reece Group	Industrials			Melbourne
RHC	Ramsay Health Care	Healthcare	13,090,800,000	Craig McNally	Sydney
RIO	Rio Tinto	Materials	35,696,200,000	Simon Thompson	Melbourne/London
RMD	ResMed	Healthcare	5,723,900,000		San Diego, California
RMS	Ramelius Resources	Materials			Perth
RRL	Regis Resources	Materials	2,711,520,000		Perth
RWC	Reliance Worldwide Corporation	Industrials	3,563,330,000		Atlanta
S32	South32	Materials	19,751,200,000	Graham Kerr	Perth
SBM	St Barbara	Materials	2,343,580,000		Perth
SCG	Scentre Group	Real Estate	20,576,800,000		Sydney
SCP	Shopping Centres Australasia Property Group	Real Estate	2,230,650,000		Sydney
SDF	Steadfast Group	Financials	2,474,270,000		Sydney
SEK	Seek	Communication Services	6,467,920,000	Graham Goldsmith	Melbourne
SFR	Sandfire Resources	Materials		Derek Ferla	Perth
SGM	Sims Metal	Materials	2,298,850,000		New York
SGP	Stockland	Real Estate	8,418,330,000		Sydney
SGR	Star Entertainment Group	Consumer Discretionary	4,063,740,000		Sydney
SHL	Sonic Healthcare	Healthcare	11,427,400,000	Mark Compton	Sydney
SLR	Silver Lake Resource	Materials	1,381,000,000		Perth
SOL	Soul Patts	Energy	7,045,400,000	Robert Millner	Sydney
STO	Santos	Energy	14,413,700,000	Keith Spence	Adelaide
SUL	Super Retail Group	Consumer Discretionary	1,462,610,000		Brisbane
SUN	Suncorp	Financials	17,594,700,000	Christine McLoughlin	Brisbane
SVW	Seven Group Holdings	Industrials	6,566,570,000	Kerry Stokes	Sydney
TLX	Telix Pharmaceuticals	Healthcare			Melbourne
TAH	Tabcorp	Consumer Discretionary	9,513,740,000	Paula Dwyer	Melbourne
TCL	Transurban	Industrials	33,360,800,000		Melbourne
TLC	The Lottery Corporation	Consumer Discretionary			Sydney
TLS	Telstra	Communication Services	37,226,000,000	John Mullen	Melbourne
TNE	TechnologyOne	Information Technology	2,340,340,000	Adrian Di Marco	Brisbane
TPG	TPG Telecom	Communication Services	6,179,220,000	David Teoh	Sydney
TWE	Treasury Wine Estates	Consumer Staples	10,765,600,000	Paul Rayner	Melbourne
TYR	Tyro Payments	Information Technology			Sydney
UMG	United Malt Group	Consumer Staples		Graham Bradley	Sydney
UWL	Uniti Group	Communication Services			Adelaide
VCX	Vicinity Centres	Real Estate	9,424,880,000		Melbourne
VEA	Viva Energy	Energy	4,686,330,000		Melbourne
VUK	Virgin Money UK	Financials	2,934,000,000		Newcastle upon Tyne
WBC	Westpac	Financials	92,946,500,000	Lindsay Maxted	Sydney
WEB	Webjet	Consumer Discretionary	2,122,160,000		Melbourne
WES	Wesfarmers	Consumer Discretionary	37,620,800,000	Michael Chaney	Perth
WHC	Whitehaven Coal	Energy	4,514,600,000		Sydney
WOR	Worley	Energy	6,870,040,000	John Grill	Sydney
WOW	Woolworths	Consumer Staples	37,770,300,000	Gordon Cairns	Sydney
WDS	Woodside Energy	Energy	33,935,500,000	Richard Goyder	Perth
WPR	Waypoint REIT[17]	Real Estate	1,756,310,000		Melbourne
WTC	Wisetech Global	Information Technology	5,798,960,000	Andrew Harrison	Sydney
XRO	Xero	Information Technology	6,685,840,000	Graham Smith	Wellington
ZIP	Zip	Financials			Sydney

See also

• Australia portal

• List of Australian exchange-traded funds listed on ASX
• S&P/ASX 20
• S&P/ASX 50
• S&P/ASX 300
• All Ordinaries

References

1. "S&P/ASX 200". S&P Dow Jones Indices. 31 May 2024.
2. ASX Top 200 Companies
3. "Aussie market breaks 5000 point barrier". Sydney Morning Herald. Fairfax Media. 20 March 2006. Retrieved 3 March 2008.
4. Burrow, Vanessa (16 February 2007). "Three cheers for the mighty 6000 as the record keeps on playing". The Age. Retrieved 8 August 2011.
5. ASX rallies into Christmas break on miners, banks
6. "ASX 200 breaks through the 7,000 points level". The Motley Fool Australia. 16 January 2020. Retrieved 3 April 2020.
7. AS51 Quote - S&P/ASX 200 Index - Bloomberg Markets
8. CNBC quote for S&P/ASX 200
9. ^AXJO: Summary for S&P/ASX 200-Yahoo! Finance
10. Index: S&P/ASX 200 Index (AXJO) - Wikinvest
11. "ASX 200 Sharemarket game". ASX 200.
12. "Index Mathematics Methodology" (PDF). Standard & Poor's. Archived from the original (PDF) on 6 November 2011. Retrieved 24 November 2011.
13. "Historical Australian 200 Intraday Futures Data (AP)". PortaraCQG. Retrieved 31 October 2022.
14. ASX 200 eligibility rules via Wikinvest^{[dead link]}
15. "ASX 200 Today: Chart & Share Price News | Live Updates | Motley Fool". The Motley Fool Australia. Retrieved 1 May 2022.
16. "S&P/ASX 200 (LIVE DATA): Share Prices & Charts - Market Index".
17. "Viva Energy REIT Limited Changes Its Name To Waypoint REIT Limited". REIT AsiaPac. 15 May 2020. Retrieved 11 March 2020.

External links

• S&P/ASX 200 page at Standard & Poor's
• S&P/ASX 200 Index profile at Wikinvest^{[dead link]}
• S&P/ASX 200 Index Price & Chart