Guess which are the 2 newest members of the ASX 100 index

Every quarter, S&P Dow Jones Indices announces changes to the S&P/ASX Indices.

On Friday, the financial market indices provider announced its latest changes that will become effective prior to the open of trading on Monday 18 March.

These changes were revealed following its March quarterly review and will see some big names entering and exiting the major indices.

Earlier today, we looked at the new additions and the exits from the benchmark ASX 200 index.

Now let’s see what changes are being made to the illustrious ASX 100 index.

ASX 100 index changes

According to the release, travel agent giant Flight Centre Travel Group Ltd (ASX: FLT) and high-flying health imaging technology provider Pro Medicus Limited (ASX: PME) will be joining the index in two weeks.

They will be replacing alumina producer Alumina Ltd (ASX: AWC) and Region Re Ltd (ASX: RGN). It was previously known as Shopping Centres Australasia Property Group and is an internally managed shopping centre focused real estate investment trust.

While being kicked out of the ASX 100 index could be a blow to Region, it probably won’t mean much for Alumina. That’s because it could be leaving the ASX boards in the not so distant future.

Last week, the company received a non-binding, indicative, and conditional proposal from Alcoa Corporation (NYSE: AA), and the two parties entered into a transaction process and exclusivity deed.

What else was announced?

In other news, there has been one change made in the ultra-exclusive ASX 50 index.

Joining the index later this month will be insurance giant QBE Insurance Group Ltd (ASX: QBE). It will be taking the place of gold miner Newmont Corporation (ASX: NEM), which has been demoted.

The post Guess which are the 2 newest members of the ASX 100 index appeared first on The Motley Fool Australia.

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More reading

• These are the 10 most shorted ASX shares
• 5 things to watch on the ASX 200 on Monday
• Top brokers name 3 ASX shares to buy next week
• Passive income watch: The ASX stocks dishing out the biggest dividend boosts this earnings season
• Which ASX shares delivered the biggest profit jumps of the earnings season?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pro Medicus. The Motley Fool Australia has positions in and has recommended Region Group. The Motley Fool Australia has recommended Flight Centre Travel Group and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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