Forsyth Barr says Gentrack and Turners Automotive Group to enter NZX-50

S&P/NZX 50 index is made up of the top 50 companies on the NZX. (Image: Getty)

Wed, 22 Nov 2023

Forsyth Barr is tipping Gentrack Group and Turners Automotive Group to gain entry in the benchmark S&P/NZX 50 index at the upcoming S&P/NZX December 2023 quarterly index review – and Synlait Milk and Pacific Edge would exit it.The index is made up of the top 50 companies on the New Zealand stock exchange (NZX).Official outcomes of the review will be announced at the close of the market on Dec 1, with trading set to begin in mid-December.“We calculate that both SML [Synlait] and PEB [Pacific Edge] rank below the exit level of...

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