The ‘in’ crowd: How are the ASX 200 newcomers performing today?

Eagle-eyed market watchers might have noticed a distinct change to the S&P/ASX 200 Index (ASX: XJO) this morning.

There are eight new faces on the index after the latest quarterly rebalance took effect prior to the market’s open.

Generally, being added to the ASX 200 boosts a company’s share price as funds tracking the index are forced to snap up its stock. However, it’s likely that most of that action has been completed by now.

Let’s take a look at how the newbies are settling in among many of the market’s iconic names.

After kicking the day off in the green, the ASX 200 is down 0.16% right now.

How are the ASX 200 newbies performing?

Eight companies found themselves added to the ASX 200 this morning after S&P Dow Jones Indices’ September rebalance came into effect.

And leading the pack of newcomers is John Lyng Group Ltd (ASX: JLG). Shares in the building services company have gained 1.8% to trade at $6.17 at the time of writing.

Coming in second best are shares in New Zealand telco Spark New Zealand Ltd (ASX: SPK). The Spark share price has lifted 1% to $4.525 right now.

Also trading higher are ASX 200 newbies Lovisa Holdings Ltd (ASX: LOV) and Charter Hall Social Infrastructure REIT (ASX: CQE). They’ve both gained 1% to trade at $22.75 and $3.495 respectively.

Meanwhile, shares of Karoon Energy Ltd (ASX: KAR) have lifted 0.2% to $2.015 while Capricorn Metals Ltd (ASX: CMM) stock is up 0.3% at $2.88.

Sadly, not all shares are celebrating their addition to the index today.

Stock in Smartgroup Corporation Ltd (ASX: SIQ) has fallen 0.5% to trade at $5.395.

But the greatest suffering is being felt by the newly-crowned ASX 200 lithium share.

The share price of emerging lithium producer Sayona Mining Ltd (ASX: SYA) is tumbling 7.9% to 26.7 cents despite the company’s silence.

The post The ‘in’ crowd: How are the ASX 200 newcomers performing today? appeared first on The Motley Fool Australia.

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More reading

• Sayona Mining share price swings wildly on ASX 200 debut
• The ASX 200 is getting a shakeup today. Here’s the tea
• Here’s why this ASX 200 retail share is on my buy radar
• 5 things to watch on the ASX 200 on Monday
• Broker names 2 top ASX shares to buy

Motley Fool contributor Brooke Cooper 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 Johns Lyng Group Limited. The Motley Fool Australia has positions in and has recommended SMARTGROUP DEF SET. The Motley Fool Australia has recommended Johns Lyng Group Limited and Lovisa Holdings Ltd. 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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