RE:S&P TSX Composite Hammond PowerI think addition is highly unlikely ; it's not just size that matters here - it's the liquidity , how much it trades.
Domicile, Size, and Liquidity
To be included into the S&P/TSX Composite Index, you must be domiciled in Canada, be of a certain size, and have
traded a certain amount of shares over a period of time.
The criteria below2 is simplified, for more details, please see S&P's most recent methodology here.
- Incorporated in Canada;
- Minimum weight of: 0.04% of the index and $1 Volume Weighted Average Price ("VWAP") over the past three months including the last 10 days prior to the rebalance; and
- Float turnover of 0.50 (shares traded in past 12 months/shares outstanding at end of period). For dual-listed stocks, liquidity must also be at least 0.25 when using Canadian volume only. For stocks with less than 12 months of trading history, the liquidity thresholds are applied to the available trading history.
The S&P/TSX Composite Index is rebalanced quarterly - effective after the close following the third Friday in March, June, September, December. Below are the criteria3 required to maintain inclusion in the Index.
- Minimum weight of 0.025% of the index; and
- VWAP of $1 over the previous three months.
If you are deleted from the S&P/TSX Composite Index, you are only eligible for reinclusion following 12 months from the date of deletion.
Inclusion into the S&P/TSX Composite Index also brings addition into industry-specific sub-indices. These indices are based on the Global Industry Classification Standard ("GICS"), developed by S&P and MSCI - two of the major index providers. You can find the methodology of these standards here. If you feel a change is warranted because your business has materially changed, you can request a change in your GICS by contacting S&P at: support.datafeed.mi@spglobal.com. Typically, they will ask for support material showing the majority of your revenues being generated from the industry you wish to change to.