RE:RE:RE:Bnk will be removed from tsx It does not mean that the stock will be delisted from trading on TMX exchange. What is happening is replacing of different indices. BNK will be dropped from S&P/TSX SmallCAP index.
Every quarter there is a rebalancing of indices where certain stocks are deleted & other added to the indices. In most cases the rebalancing is done biased on qualification criteria. The companies that have been sold or delisted are also removed & replaced by other companies.
I usually trade the exits & entry to indices.
News by S&P Dow Jones Indices
Transmitted by CNW Group on September 9, 2016 17:15 ET |
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices | |
Results of the Quarterly Review of the S&P/TSX Composite Index
TORONTO, Sept. 9, 2016 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices after the close of trading on Friday, September 16, 2016:
| S&P/TSX COMPOSITE INDEX | | | | ADDITIONS | | Issue Name | Symbol | Live Composite GICS Sector Index | | | Altus Group Limited | AIF | Real Estate | | | Asanko Gold Inc. | AKG | Materials | | | Ivanhoe Mines Ltd. | IVN | Materials | | | Klondex Mines Ltd. | KDX | Materials | | | Morneau Shepell Inc. | MSI | Industrials | | | Sandstorm Gold Ltd. | SSL | Materials | | | Sleep Country Canada Holdings Inc. | ZZZ | Consumer Discretionary | | | Spartan Energy Corp. | SPE | Energy | | | DELETIONS | | Issue Name | Symbol | Live Composite GICS Sector Index | | | Avigilon Corp. | AVO | Information Technology | | | Concordia International Corp. | CXR | Health Care | |
Changes to the S&P/TSX Composite Index will also affect the S&P/TSX Capped Composite and Equal Weight Composite Indices. Stocks added to or removed from the S&P/TSX Composite Index will also be added to or removed from the appropriate Global Industry Classification Standard (GICS) sector index. | | NOTE: Brookfield Business Partners LP (TSX:BBU.UN) will be added to the S&P/TSX Income Trust Index and the S&P/TSX Capped Industrials Index after the close of trading on Friday, September 16, 2016.
NOTE: Thomson Reuters Corporation (TSX:TRI) will be removed from the S&P/TSX Capped Consumer Discretionary Index and added to the S&P/TSX Capped Financials Index after the close of trading on Friday, September 16, 2016.
S&P/TSX GLOBAL GOLD INDEX
| ADDITIONS | | | | Issue Name | Symbol | Exchange | | Argonaut Gold Inc. | AR | TSX | | Continental Gold Inc. | CNL | TSX | | Seabridge Gold Inc. | SA | NYSE | | Teranga Gold Corp. | TGZ | TSX |
S&P/TSX GLOBAL MINING INDEX
| ADDITIONS | | | | Issue Name | Symbol | Exchange | | Argonaut Gold Inc. | AR | TSX | | Continental Gold Inc. | CNL | TSX | | Dundee Precious Metals Inc. | DPM | TSX | | NexGen Energy Ltd. | NXE | TSX | | Seabridge Gold Inc. | SA | NYSE | | Silvercorp Metals Inc. | SVM | TSX | | Stornoway Diamond Corporation | SWY | TSX | | Teranga Gold Corp. | TGZ | TSX |
S&P/TSX EQUAL WEIGHT GLOBAL GOLD INDEX
| ADDITIONS | | | | Issue Name | Symbol | Exchange | | Asanko Gold Inc. | AKG | TSX | | Endeavour Mining Corporation | EDV | TSX | | Guyana Goldfields Inc. | GUY | TSX | | Klondex Mines Ltd. | KDX | TSX | | McEwen Mining Inc. | MUX | NYSE | | Premier Gold Mines Ltd. | PG | TSX | | Sandstorm Gold Ltd. | SSL | TSX | | Silver Standard Resources Inc. | SSO | TSX | | Tahoe Resources Inc. | THO | TSX |
S&P/TSX COMPOSITE DIVIDEND INDEX
| ADDITIONS | | | Issue Name | Symbol | | | Altus Group Limited | AIF | | | Morneau Shepell Inc. | MSI | | | Sleep Country Canada Holdings Inc. | ZZZ | | | | | | | DELETIONS | | | | Issue Name | Symbol | | | Concordia International Corp. | CXR | |
S&P/TSX COMPOSITE HIGH DIVIDEND INDEX
| ADDITIONS | | | Issue Name | Symbol | | | DH Corporation | DH | | | Dominion Diamond Corporation | DDC | | | Manulife Financial Corp. | MFC | | | Morneau Shepell Inc. | MSI | | | | | | | DELETIONS | | | | Issue Name | Symbol | | | Bonavista Energy Corporation | BNP | | | Canadian Western Bank | CWB | | | Rogers Communications Inc. | RCI.B | | | Westshore Terminals Investment Corporation | WTE | |
S&P/TSX 60 ESG INDEX
| ADDITIONS | | | Issue Name | Symbol | | Emera Inc. | EMA |
S&P/TSX COMPOSITE HIGH BETA INDEX
| ADDITIONS | | | Issue Name | Symbol | | Manulife Financial Corp. | MFC | | Pason Systems Inc. | PSI | | Spartan Energy Corp. | SPE | | West Fraser Timber Co. Ltd. | WFT | | | | | DELETIONS | | | Issue Name | Symbol | | Concordia International Corp. | CXR | | ProMetic Life Sciences Inc. | PLI | | Russel Metals Inc. | RUS | | Suncor Energy Inc. | SU |
S&P/TSX COMPOSITE LOW VOLATILITY INDEX
| ADDITIONS | | | Issue Name | Symbol | | Algonquin Power & Utilities Corp. | AQN | | Fortis Inc. | FTS | | MacDonald Dettwiler & Associates Ltd. | MDA | | Morneau Shepell Inc. | MSI | | Northview Apartment REIT | NVU.UN | | | | | DELETIONS | | | Issue Name | Symbol | | Agrium Inc. | AGU | | IGM Financial Inc. | IGM | | Industrial Alliance Insurance & Financial Serv. Inc. | IAG | | National Bank of Canada | NA | | North West Company Inc. | NWC |
S&P/TSX HIGH INCOME ENERGY INDEX
| DELETIONS | | | Issue Name | Symbol | | Bonavista Energy Corporation | BNP | | Enerplus Corporation | ERF |
S&P/TSX RENEWABLE ENERGY & CLEAN TECHNOLOGY INDEX
| ADDITIONS | | | Issue Name | Symbol | | | 5N Plus Inc. | VNP | | | Electrovaya Inc. | EFL | | | Orbite Technologies Inc. | ORT | | | Polaris Infrastructure Inc. | PIF | | | SunOpta Inc. | SOY | | | | | | | DELETIONS | | | | Issue Name | Symbol | | | Hydrogenics Corporation | HYG | | | Westport Fuel Systems Inc. | WPT | |
S&P/TSX CAPPED INFORMATION TECHNOLOGY INDEX
| DELETIONS | | | Issue Name | Symbol | | UrtheCast Corp. | UR |
S&P/TSX EQUAL WEIGHT INDUSTRIALS INDEX
| ADDITIONS | | | Issue Name | Symbol | | | Brookfield Business Partners LP | BBU.UN | | | Morneau Shepell Inc. | MSI | | |