Ccord Balancing Act
S&P/TSX Composite (TSX : 14,909.63) Net Change: 17.50, % Change: 0.12% FRIDAY THE 13TH: THE REBALANCING. Standard & Poor's will announce their index changes as a result of their June Quarterly Review - TODAY - Friday, June 13. The changes will be official after the market close on Friday, June 20. According to index watchers, potential S&P/TSX Composite Index additions include: AutoCanada (ACQ), Canyon Services Group (FRC), Primero Mining (P), Painted Pony Petroleum (PPY), Parex Resources (PXT), RMP Energy (RMP) and TORC Oil & Gas (TOG). Potential deletions include Silvercorp Metals (SVM). Market Vectors Junior Gold Miners Index (GDXJ) and NYSE Arca Gold Miners Index (GDX) are also expected to announce their changes after the close today. It never ceases to amaze us how index changes (additions, up-weightings, deletions, down-weightings) can always be surprises for companies and their shareholders. Did you know the fear of "FRIDAY THE 13TH" is called paraskevidekatriaphobia?