A2 Milk to be bumped out of S&P ASX50

A2 Milk's market cap has dropped below the A$5b threshold. (Image: Supplied)

Mon, 06 Sep 2021

A2 Milk’s pain continues with news the infant formula maker is being dropped from the S&P ASX 50.The company’s market capitalisation has dropped to A$4.26 billion, which will see it bumped out of the S&P ASX 50 prior to the open of trading on Sept 20, according to the latest quarterly rebalance by the S&P Dow Jones Indices. The threshold for inclusion is A$5 billion. Peter McIntyre, an adviser at Craigs Investment Partners, said if companies drop down from one index to the next then “coverage of the stock is l...

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