ALLFO Finance Group and Centro Properties Group have been dropped from the top 100 listed companies list.
Under Standard & Poor’s June Quarterly rebalance, Allco and Centro were removed from the S&P/ASX 100 Index.
Standard & Poor’s Index Services’ associate director Simon Karaban said in spite of several stocks meeting the necessary size requirements, the essential liquidity hurdles were not met.
“We are seeing strong liquidity limited to stocks at the top-end of the market, with small-cap securities trading thin on a relative basis,” he added.
Centro exit means Westfield, Leighton Holdings, Stockland, Goodman Group, GPT, Lend Lease, Dexus Property Group, Mirvac, Macquarie Office Trust and ING Office Fund, are left to fly the flag for property companies in the S&P/ASX 100 Index.
Australian Property Journal
