# S&P/ASX 200

The S&P/ASX 200 (XJO) index is a market-capitalisation weighted and float-adjusted stock market index of stocks listed on the Australian Securities Exchange. The index is maintained by Standard & Poor's and is considered the benchmark for Australian equity performance. It is based on the 200 largest ASX listed stocks, which together account for about 82% (as of March 2017) of Australia's share market capitalisation.
The ASX 200 was started on 31 March 2000 with a value of 3133.3, equal to the value of the All Ordinaries at that date. The ASX 200 reached 6,000 points for the first time on Thursday 15 February 2007. On 22 December 2017, the ASX 200 was 6,069. The ASX 200 crossed the 7,000 points level for the first time on 16 January 2020.
Bloomberg, CNBC, Yahoo! Finance and Wikinvest use respectively the symbols AS51 .AXJO ^AXJO and AXJO to refer to this index.
The ASX 200 webpage offers a Share market game as an educational tool with $50,000.00 AUD virtual cash.

## Calculations

The ASX 200 is capitalisation-weighted, meaning a company's contribution to the index is relative to its total market value i.e., share price multiplied by the number of tradeable shares. The ASX 200 is also float adjusted, meaning the absolute numerical contribution to the index is relative to the stock's value at the float of the stock.
Although the calculation starts with a sum of the market capitalisation of the constituent stocks, it is intended to reflect changes in share price, not market capitalisation. Therefore, a fudge factor called the "Divisor" is used to ensure that the index value only changes when stock prices change, not whenever market capitalisation changes. For example, if a company increases its market capitalisation by issuing new shares, the Divisor is adjusted so that the ASX 200 index value does not change.

## Contract specifications

The ASX 200 (ticker symbol AP) is traded on the ASX 24 exchange (SFE) with a contract size of 25 x S&P/ASX Index Points.
Contract Specification :
| Australian 200 (AP) | |
| Contract Size: | 25 X S&P/ASX 200 Index Points |
| Exchange: | SFE |
| Sector: | Index |
| Tick Size: | 1 |
| Tick Value: | 25 AUD |
| Big Point Value (BPV): | 25 |
| Denomination: | AUD |
| Decimal Place: | 0 |

## Eligibility

To be eligible for inclusion in the ASX 200 Index:
* Market capitalisation: A stock's weight in the index is determined by the float-adjusted market capitalisation of the stock. This is a function of current index shares, the latest available stock price and the Investable weight factor (IWF). The IWF represents the float-adjusted portion of a stock's equity capital. Therefore, any strategic holdings that are classified as either corporate, private or government holdings reduce the IWF which, in turn, results in a reduction in the float-adjusted market capital. Shares owned by founders, directors of the company, trusts, venture capitalists and other companies are also excluded. These are also deemed strategic holders and are considered long-term holders of a stock's equity. Any strategic shareholdings that are greater than 5% of total issued shares are excluded from the relevant float.
* Liquidity: The trading volume in terms of dollar value and the number of transactions must exceed at least 0.025% of the sum of all eligible securities' trading volume. To ensure that no single company dominates trading, they are capped at a maximum of 15% for value, volume and transactions.
* Listing: Only stocks listed on the Australian Stock Exchange will be considered for inclusion in any of the S&P/ASX indices.

## Constituent companies

The number of companies in the index is dynamic and does not always amount to exactly 200. On average, the index is rebalanced every quarter by Standard & Poor's.
As of 27 February 2022, the constituent stocks of the ASX 200 in alphabetical order by symbol are
| Code | Company | Sector | Market Capitalisation | Chairperson | HQ |
| A2M | a2 Milk Company | Consumer Staples | 4,222,573,287 | David Hearn | Auckland |
| ABC | Adbri | Materials | 2,114,513,278 | Raymond Barro | Adelaide |
| ABP | Abacus Property Group | Real Estate | 2,504,889,941 | Myra Salkinder | Sydney |
| AGL | AGL Energy | Utilities | 5,361,205,772 | Peter Botten | Sydney |
| AIA | Auckland Airport | Industrials | 10,425,662,050 | Dr Patrick Strange | Auckland |
| AKE | Allkem | Materials | | Martin Rowley | Brisbane |
| ALD | Ampol | Energy | 6,915,526,913 | Steven Gregg | Sydney |
| ALL | Aristocrat Leisure | Consumer Discretionary | 25,969,590,581 | Neil Chatfield | North Ryde |
| ALQ | ALS | Industrials | 5,996,552,309 | Bruce Phillips | Brisbane |
| ALU | Altium | Information Technology | 3,623,210,436 | Samuel Weiss | Chatswood |
| ALX | Atlas Arteria | Industrials | 5,993,863,913 | Debbie Goodin | Bermuda |
| AMC | Amcor | Materials | 12,997,008,427 | Graeme Liebelt | Warmley, Bristol, United Kingdom |
| AMP | AMP | Financials | 3,814,625,158 | Debra Hazelton | Sydney |
| ANN | Ansell | Healthcare | 5,081,971,142 | John A Bevan | Melbourne |
| ANZ | Australia & New Zealand Banking Group | Financials | 81,809,326,750 | Paul O'Sullivan | Melbourne |
| APA | APA Group | Utilities | 11,008,409,602 | Michael Fraser | Sydney |
| APE | Eagers Automotive | Consumer Discretionary | 4,099,367,706 | Timothy Boyd Crommelin | Brisbane |
| SQ2 | Block Inc. CDI | Information Technology | 27,475,711,683 | Jack Dorsey | San Francisco |
| ARB | ARB Corporation | Consumer Discretionary | 3,447,251,812 | Paul O'Sullivan | Kilsyth |
| ARF | Arena REIT | Real Estate | | David Ross | Melbourne |
| ASX | ASX | Financials | 14,914,571,280 | Damian Roche | Sydney |
| AUB | AUB Group | Financials | 1,472,445,404 | David Clarke | North Sydney |
| AWC | Alumina | Materials | 5,048,925,666 | Peter Day | Southbank |
| AZJ | Aurizon | Industrials | 6,792,197,694 | Tim Poole | Brisbane |
| AVZ | AVZ Minerals | Materials | | | Perth |
| BAP | Bapcor | Consumer Discretionary | 2,773,000,125 | Margaret Anne Haseltine | Preston |
| BEN | Bendigo & Adelaide Bank | Financials | 5,860,403,299 | Jacqueline Hey | Bendigo |
| BGA | Bega Cheese | Consumer Staples | 1,803,658,160 | Barry Irvin | Bega |
| BHP | BHP | Materials | 142,476,102,671 | Ken MacKenzie | Melbourne/London |
| BKL | Blackmores | Consumer Staples | 1,324,020,534 | Anne Templeman-Jones | Sydney |
| BKW | Brickworks | Materials | 3,159,271,477 | Robert D. Millner | Sydney |
| BLD | Boral | Materials | 8,242,021,345 | Kathryn Fagg | Sydney |
| BOQ | Bank of Queensland | Financials | 5,755,188,276 | Patrick Allaway | Brisbane |
| BPT | Beach Energy | Energy | 3,095,769,771 | Glenn Davis | Adelaide |
| BRN | Brainchip | Information Technology | | | Los Angeles |
| BRG | Breville Group | Consumer Discretionary | 3,907,015,408 | Steven Fisher | Sydney |
| BSL | BlueScope | Materials | 11,164,346,278 | John Bevan | Melbourne |
| BWP | BWP Trust | Real Estate | 2,781,521,867 | Erich Fraunschiel | Perth |
| BXB | Brambles | Industrials | 15,851,589,131 | John Mullen | Sydney |
| CAR | CAR Group | Communication Services | 5,061,391,108 | Patrick O’Sullivan | Richmond |
| CBA | Commonwealth Bank | Financials | 181,383,616,958 | Catherine Livingstone | Sydney |
| CCP | Credit Corp Group | Financials | 1,994,566,176 | Eric Dodd | Sydney |
| CCX | City Chic Collective | Consumer Discretionary | | | Sydney |
| CGC | Costa Group | Consumer Staples | 1,335,389,194 | Neil Chatfield | Ravenhall |
| CGF | Challenger | Financials | 3,681,127,599 | Peter Polson | Sydney |
| CHC | Charter Hall | Real Estate | 6,786,372,799 | David Clarke | Sydney |
| CHN | Chalice Mining | Materials | | | Perth |
| CIA | Champion Iron | Materials | 3,367,002,491 | Michael O'Keeffe | Sydney |
| CIP | Centuria Industrial REIT | Real Estate | 1,978,229,737 | Garry Charny | Sydney |
| CKF | Collins Foods | Consumer Discretionary | 1,470,089,487 | Robert Kaye | Hamilton |
| CLW | Charter Hall Long WALE REIT | Real Estate | 2,948,032,800 | David Clarke | Sydney |
| CMW | Cromwell Property Group | Real Estate | 2,368,810,961 | Gary Weiss | Brisbane |
| CNI | Centuria Capital | Real Estate | | | Sydney |
| CNU | Chorus | Communication Services | 2,171,650,000 | Patrick Strange | Wellington |
| COH | Cochlear | Healthcare | 15,055,393,862 | Rick Holliday-Smith | Sydney |
| COL | Coles Group | Consumer Staples | 22,730,162,020 | James Graham | Melbourne |
| CPU | Computershare | Information Technology | 9,834,750,883 | Simon David Jones | Melbourne |
| CRN | Coronado Global Resources | Materials | | | Brisbane |
| CQR | Charter Hall Retail REIT | Real Estate | 2,196,686,492 | David Clarke | Sydney |
| CSL | CSL | Healthcare | 132,895,267,468 | Brian McNamee | Melbourne |
| CSR | CSR | Materials | 2,917,150,484 | John Gillam | Sydney |
| CTD | Corporate Travel Management | Consumer Discretionary | 2,999,997,097 | Ewen Crouch | Brisbane |
| CUV | Clinuvel Pharmaceut | Healthcare | 1,424,005,941 | Willem Blijdorp | Melbourne |
| CWY | Cleanaway | Industrials | 5,673,742,207 | Mark Chellew | Melbourne |
| CXO | Core Lithium | Materials | | | Adelaide |
| DEG | De Grey Mining | Materials | | | Perth |
| DHG | Domain Group | Communication Services | 2,833,678,892 | Nick Falloon | Sydney |
| DMP | Domino's Pizza Enterprises | Consumer Discretionary | 10,039,306,041 | Jack Cowin | Brisbane |
| DOW | Downer Group | Industrials | 3,990,353,494 | Michael Harding | Sydney |
| DRR | Deterra Royalties | Materials | 2,288,240,897 | Jennifer Seabrook | Perth |
| DXS | Dexus | Real Estate | 11,336,457,693 | Richard Sheppard | Sydney |
| EDV | Endeavour Group | Consumer Staples | | | Sydney |
| ELD | Elders | Consumer Staples | 1,746,470,293 | Ian Wilton | Adelaide |
| EML | EML Payments | Information Technology | 1,210,315,894 | Peter Martin | Brisbane |
| EVN | Evolution Mining | Materials | 8,611,682,108 | Jake Klein | Sydney |
| EVT | Event Hospitality and Entertainment | Communication Services | | Alan Rydge | Sydney |
| FBU | Fletcher Building | Industrials | 6,008,829,273 | Bruce Hassall | Auckland |
| FLT | Flight Centre | Consumer Discretionary | 3,179,210,670 | Gary Smith | Brisbane |
| FMG | Fortescue | Materials | 70,754,613,816 | Andrew Forrest | Perth |
| FPH | Fisher & Paykel Healthcare | Healthcare | 15,674,345,734 | Scott St John | Auckland |
| GMG | Goodman Group | Real Estate | 37,789,165,411 | Stephen Jones | Sydney |
| GNC | GrainCorp | Consumer Staples | 1,185,472,153 | Peter Richards | Sydney |
| GOR | Gold Road Res | Materials | 1,264,063,716 | Tim Netscher | Perth |
| GOZ | Growthpoint Properties | Real Estate | 3,048,525,182 | Geoffrey Tomlinson | Melbourne |
| GPT | GPT Group | Real Estate | 9,070,431,340 | Vickki McFadden | Sydney |
| GUD | GUD Holdings | Consumer Discretionary | 1,165,490,457 | Graeme Billings | Melbourne |
| HDN | HomeCo Daily Needs REIT | Real Estate | | | Sydney |
| HLS | Healius | Healthcare | 2,710,144,569 | Robert Hubbard | Sydney |
| HMC | Home Consortium | Real Estate | | | Sydney |
| HUB | HUB24 | Financials | 1,879,162,423 | Bruce Higgins | Sydney |
| HVN | Harvey Norman | Consumer Discretionary | 6,703,515,799 | Gerry Harvey | Sydney |
| IAG | Insurance Australia Group | Financials | 12,941,776,082 | Elizabeth Bryan | Sydney |
| IEL | IDP Education | Consumer Discretionary | 6,109,479,831 | Peter Polson | Melbourne |
| IFL | Insignia Financial | Financials | 2,694,696,077 | Allan Griffiths | Melbourne |
| IGO | Independence Group | Materials | 5,679,508,598 | Peter Bilbe | Perth |
| ILU | Iluka Resources | Materials | 3,272,867,421 | Greg Martin | Perth |
| IMU | Imugene | Healthcare | | Paul Hopper | Sydney |
| INA | Ingenia Group | Real Estate | 1,937,752,810 | Jim Hazel | Sydney |
| ING | Inghams | Consumer Staples | 1,393,798,504 | Peter Bush | Sydney |
| IPH | IPH | Industrials | 1,466,126,096 | Richard Grellman | Sydney |
| IPL | Incitec Pivot | Materials | 4,603,073,319 | Brian Kruger | Melbourne |
| IRE | Iress | Information Technology | 2,060,860,096 | Roger Sharp | Melbourne |
| IVC | InvoCare | Consumer Discretionary | 1,587,549,278 | Bart Vogel | Sydney |
| JBH | JB Hi-Fi | Consumer Discretionary | 2,492,970,000 | | Melbourne |
| JHG | Janus Henderson | Financials | 2,134,330,000 | | London |
| JHX | James Hardie | Materials | 7,801,540,000 | | Dublin |
| KLS | Kelsian Group | Industrials | 925,000,000 | Jeffrey Ellison | Adelaide |
| LIC | Lifestyle Communities | Real Estate | | Philippa Kelly | Melbourne |
| LKE | Lake Resources | Materials | | | Sydney |
| LLC | Lendlease | Real Estate | 7,262,420,000 | | Sydney |
| LNK | Link Admin | Information Technology | 4,044,590,000 | | Sydney |
| LTR | Liontown Resources | Materials | | Timothy Goyder | Perth |
| LYC | Lynas | Materials | 1,171,600,000 | | Sydney |
| MFG | Magellan Financial Group | Financials | 6,173,270,000 | Hamish Douglass | Sydney |
| MGR | Mirvac | Real Estate | 9,401,550,000 | | Sydney |
| MIN | Mineral Resources | Materials | 2,828,920,000 | | Perth |
| MP1 | Megaport | Information Technology | | | Brisbane |
| MPL | Medibank | Financials | 7,821,370,000 | Elizabeth Alexander | Melbourne |
| MQG | Macquarie Group | Financials | 43,786,800,000 | Peter Warne | Sydney |
| MTS | Metcash | Consumer Staples | 2,373,160,000 | | Sydney |
| NAB | National Australia Bank | Financials | 69,797,300,000 | Philip Chronican | Melbourne |
| NAN | Nanosonics | Healthcare | 1,244,520,000 | | Sydney |
| NCM | Newcrest | Materials | 18,683,900,000 | Peter Hay | Melbourne |
| NEC | Nine Entertainment | Communication Services | 2,907,700,000 | Benjamin Nhut Minh Vo | Sydney |
| NHC | New Hope | Energy | | | Brisbane |
| NHF | Nib | Financials | 2,628,530,000 | | Newcastle |
| NIC | Nickel Industries Limited | Materials | | | Sydney |
| NSR | National Storage | Real Estate | 1,176,540,000 | | Brisbane |
| NST | Northern Star Resources | Materials | 5,914,960,000 | Bill Beament | Perth |
| NUF | Nufarm | Materials | 1,989,310,000 | | Melbourne |
| NVX | Novonix | Information Technology | | Anthony Bellas | Brisbane |
| NWL | Netwealth Group | Financials | 1,949,000,000 | | Melbourne |
| NWS | News Corp Class B | Communication Services | 1,003,710,000 | | New York City |
| NXT | NextDC | Information Technology | 2,144,410,000 | Douglas Flynn | Brisbane |
| ORA | Orora | Materials | 3,801,060,000 | | Melbourne |
| ORG | Origin Energy | Utilities | 12,949,500,000 | Gordon Cairns | Sydney |
| ORI | Orica | Materials | 6,705,960,000 | Malcolm Broomhead | Melbourne |
| OZL | Oz Minerals | Materials | 3,335,910,000 | | Adelaide |
| PBH | Pointsbet Holdings | Consumer Discretionary | | | Melbourne |
| PDL | Pendal Group | Financials | 2,728,500,000 | | Sydney |
| PDN | Paladin Energy | Energy | | Mark Lawrenson | Perth |
| PLS | Pilbara Minerals | Materials | 1,299,660,000 | | Perth |
| PME | Pro Medicus | Healthcare | 2,648,000,000 | | Melbourne |
| PMV | Premier Investments | Consumer Discretionary | 2,600,550,000 | | Melbourne |
| PNI | Pinnacle Investment Management | Financials | | Alan Watson | Sydney |
| PPT | Perpetual | Financials | 1,913,740,000 | | Sydney |
| PRU | Perseus Mining | Materials | | | Perth |
| QAN | Qantas | Industrials | 9,314,970,000 | Richard Goyder | Sydney |
| QBE | QBE Insurance | Financials | 16,409,200,000 | Marty Becker | Sydney |
| QUB | Qube Holdings | Industrials | 4,463,420,000 | | Sydney |
| REA | REA Group | Communication Services | 10,740,000,000 | Owen Wilson | Melbourne |
| REH | Reece Group | Industrials | | | Melbourne |
| RHC | Ramsay Health Care | Healthcare | 13,090,800,000 | Craig McNally | Sydney |
| RIO | Rio Tinto | Materials | 35,696,200,000 | Simon Thompson | Melbourne/London |
| RMD | ResMed | Healthcare | 5,723,900,000 | | San Diego, California |
| RMS | Ramelius Resources | Materials | | | Perth |
| RRL | Regis Resources | Materials | 2,711,520,000 | | Perth |
| RWC | Reliance Worldwide Corporation | Industrials | 3,563,330,000 | | Atlanta |
| S32 | South32 | Materials | 19,751,200,000 | Graham Kerr | Perth |
| SBM | St Barbara | Materials | 2,343,580,000 | | Perth |
| SCG | Scentre Group | Real Estate | 20,576,800,000 | | Sydney |
| SCP | Shopping Centres Australasia Property Group | Real Estate | 2,230,650,000 | | Sydney |
| SDF | Steadfast Group | Financials | 2,474,270,000 | | Sydney |
| SEK | Seek | Communication Services | 6,467,920,000 | Graham Goldsmith | Melbourne |
| SFR | Sandfire Resources | Materials | | Derek Ferla | Perth |
| SGM | Sims Metal | Materials | 2,298,850,000 | | New York |
| SGP | Stockland | Real Estate | 8,418,330,000 | | Sydney |
| SGR | Star Entertainment Group | Consumer Discretionary | 4,063,740,000 | | Sydney |
| SHL | Sonic Healthcare | Healthcare | 11,427,400,000 | Mark Compton | Sydney |
| SLR | Silver Lake Resource | Materials | 1,381,000,000 | | Perth |
| SOL | Soul Patts | Energy | 7,045,400,000 | Robert Millner | Sydney |
| STO | Santos | Energy | 14,413,700,000 | Keith Spence | Adelaide |
| SUL | Super Retail Group | Consumer Discretionary | 1,462,610,000 | | Brisbane |
| SUN | Suncorp | Financials | 17,594,700,000 | Christine McLoughlin | Brisbane |
| SVW | Seven Group Holdings | Industrials | 6,566,570,000 | Kerry Stokes | Sydney |
| TLX | Telix Pharmaceuticals | Healthcare | | | Melbourne |
| TAH | Tabcorp | Consumer Discretionary | 9,513,740,000 | Paula Dwyer | Melbourne |
| TCL | Transurban | Industrials | 33,360,800,000 | | Melbourne |
| TLC | The Lottery Corporation | Consumer Discretionary | | | Sydney |
| TLS | Telstra | Communication Services | 37,226,000,000 | John Mullen | Melbourne |
| TNE | TechnologyOne | Information Technology | 2,340,340,000 | Adrian Di Marco | Brisbane |
| TPG | TPG Telecom | Communication Services | 6,179,220,000 | David Teoh | Sydney |
| TWE | Treasury Wine Estates | Consumer Staples | 10,765,600,000 | Paul Rayner | Melbourne |
| TYR | Tyro Payments | Information Technology | | | Sydney |
| UMG | United Malt Group | Consumer Staples | | Graham Bradley | Sydney |
| UWL | Uniti Group | Communication Services | | | Adelaide |
| VCX | Vicinity Centres | Real Estate | 9,424,880,000 | | Melbourne |
| VEA | Viva Energy | Energy | 4,686,330,000 | | Melbourne |
| VUK | Virgin Money UK | Financials | 2,934,000,000 | | Newcastle upon Tyne |
| WBC | Westpac | Financials | 92,946,500,000 | Lindsay Maxted | Sydney |
| WEB | Webjet | Consumer Discretionary | 2,122,160,000 | | Melbourne |
| WES | Wesfarmers | Consumer Discretionary | 37,620,800,000 | Michael Chaney | Perth |
| WHC | Whitehaven Coal | Energy | 4,514,600,000 | | Sydney |
| WOR | Worley | Energy | 6,870,040,000 | John Grill | Sydney |
| WOW | Woolworths | Consumer Staples | 37,770,300,000 | Gordon Cairns | Sydney |
| WDS | Woodside Energy | Energy | 33,935,500,000 | Richard Goyder | Perth |
| WPR | Waypoint REIT | Real Estate | 1,756,310,000 | | Melbourne |
| WTC | Wisetech Global | Information Technology | 5,798,960,000 | Andrew Harrison | Sydney |
| XRO | Xero | Information Technology | 6,685,840,000 | Graham Smith | Wellington |
| ZIP | Zip | Financials | | | Sydney |