Napier Port seen joining NZX 50 as Gentrack falls from favour

Thu, 11 Jun 2020

Utilities software developer Gentrack is expected to drop out of the S&P/NZX 50 Index in tomorrow's quarterly rebalancing with Napier Port poised to take its spot. The NZX 50 is a measure of the performance of the 50 largest listed companies as set by their free-float market capitalisation. As a gross index, it includes dividends. Matt Goodson, managing director at Salt Funds Management, said there was a general expectation the change would happen but there was scope for a surprise as Standard & Poor's had some discretion as to what is i...

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