TSX Composite Index More on the Index
The manager of Canada’s biggest stock index will add a dozen new members just before Christmas, including a cryptocurrency miner, electric bus maker, funeral services provider and nine companies from the rebounding energy sector.
S&P Dow Jones Indices, manager of the S&P/TSX Composite Index, said the new members will join prior to the open of trading on Dec. 20. All currently list on the Toronto Stock Exchange.
Cryptocurrency mining company Hut 8 Mining Corp., which traded for less than $2 a year ago, now has a market capitalization of nearly $2-billion at recent trades of around $12. The volatile stock crossed the $20 mark last month but is down by nearly half in less than a month.
The company reported $65.8-million in profit, fuelled by tax gains and other extraordinary items, on $128.9-million in revenue in the 12 months ended Sept. 30, according to S&P Global Market Intelligence.