Local gold miners crack ASX 200

Gold Road Resources and Silver Lake Resources will join the S&P/ASX 200 index, while Seven West Media was among the losers in the indices reshuffle, as the quarterly rebalance of the S&P/ASX indices was announced today.

The gold miners will be the only Western Australian additions to the S&P/ASX 200 index, effective from September 23, while Osborne Park-based mining equipment provider Emeco has been booted from the index.

Carnarvon Petroleum will join the S&P/ASX All Australian 200, while Seven West Media will depart.

The S&P/ASX All Australian 200 index comprises of the top 200 Australian companies by capitalisation.

In comparison, the S&P/ASX 200 index operates more as an investable benchmark for the Australian equity market, as it addresses the needs of investment managers to benchmark against a portfolio characterised by sufficient size and liquidity.

The S&P/ASX 200 is comprised of the S&P/ASX 100 plus an additional 100 stocks.

There was more WA activity among the S&P/ASX 300, with Bellevue Gold and West African Resources set to be included in the index, while Altura Mining, Metals X and OM Holdings to make way.

There were no changes among the S&P/ASX 20 and S&P/ASX 50.

NIB Holdings will be replaced Pendal Group in the S&P/ASX 100.