What is the S&P/ASX 200?

CLOSE The S&P/ASX 200 measures the performance of the 200 largest index-eligible stocks listed on the ASX by float-adjusted market capitalization. Representative liquid and tradable, it is widely considered Australia's preeminent benchmark index. The index is float-adjusted. The index was launched in April 2000.

Is the ASX 200 a benchmark index?

According to index provider S&P Global, the S&P/ASX 200 has replaced the All Ordinaries Index as the key institutional benchmark index for the Australian market. Companies are listed on the ASX 200 by their float-adjusted market capitalisation.

How are companies listed on the ASX 200?

Companies are listed on the ASX 200 by their float-adjusted market capitalisation. This method measures the market capitalisation of shares readily available in the market and excludes those held by company insiders and promoters.