The S&P/NZX 50 Index is the main stock market index in New Zealand. It comprises the 50 biggest stocks by free-float market capitalisation trading on the New Zealand Stock Market (NZSX). The calculation of the free-float capitalisation excludes blocks of shares greater than 20% and blocks between 5% and 20% that are considered strategic.[1]
| Operator | NZX, S&P Dow Jones Indices |
|---|---|
| Exchanges | NZX |
| Constituents | 50 |
| Type | Large capitalisation |
| Website | S&P/NZX 50 Index |
The index was introduced as the NZSX 50 Index in March 2003 and replaced the NZSE 40 Index as the headline index. It was renamed the NZX 50 Index in late 2005.[1] The NZSE 40 Capital Index replaced the Barclays index in 1992,[2] although the Barclays index is still compiled by the NZX but not made widely available.[3] In 2015, the index was renamed to S&P/NZX 50 Index reflecting a 'strategic partnership' between NZX and S&P Dow Jones Indices (S&P DJI). As part of the partnership, S&P DJI has assumed responsibility for calculating, publishing distributing all NZX indices.[4]
Constituents
edit
See also
edit- List of companies of New Zealand - includes older list of NZX 50 companies
References
edit- ^ a b McVerry, Nick; Vos, Ed (2009). "NZX50: Increased investibility and price pressure on additions and deletions" (PDF). New Zealand Journal of Applied Business Research. 7 (2): 1–17. Archived from the original (PDF) on 24 July 2011. Retrieved 7 November 2010.
- ^ Tourani-Rad, Alireza; Choi, Daniel F.S.; Wilson, Benjamin John (2006). "A time-varying beta approach to measuring New Zealand's country risk". Managerial Finance. 32 (3): 257–269. doi:10.1108/03074350610646762.
- ^ Gaynor, Brian (6 November 2010). "The biggest day we had... and its lessons". The New Zealand Herald. Retrieved 7 November 2010.
- ^ "NZX50 gets new name as S&P signs up". The New Zealand Herald. 27 February 2015. Retrieved 21 June 2021.