TSXV:VER.H - Post by User
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powder1on Nov 03, 2007 9:00pm
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Who will be added to the TSX composite
Who will be added to the TSX compositeFP Trading Desk
Who will be added to the TSX composite index and who will be removed?
Ahead of the December 2007 rebalancing of the S&P/TSX composite index – due to be announced by Dec. 14 and to take effect after markets close a week later – CIBC World Markets analyst Yin Luo is making his predictions as to what some of the changes may be.
QLT Inc., Angiotech Pharmaceuticals Inc., Cyries Energy Inc. and Ballard Power Systems Inc. are the four members of the benchmark index consider likely to be removed, based on data as of Oct. 30.
Meanwhile, nine companies meet the criteria for addition, Mr. Luo said in a research note. These include Allen-Vanguard Corp., Canadian Hydro Developers Inc., Canaccord Capital Inc., Mega Uranium Ltd., Gold Eagle Mines Ltd., Gateway Casinos Income Fund, Timminco Ltd., Absolute Software Corp, and Sandvine Corp.
European Goldfields Ltd. is also on his watch list for potential candidates for addition.