Napier Port seen joining NZX 50 as Gentrack falls from favour

Napier Port seen joining NZX 50 as Gentrack falls from favour
Dan Brunskill
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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