Shares of Centaurus Metals Limited (ASX:CTM) closed at 0.006 yesterday. Centaurus Metals Limited currently has a total float of 2.31B shares and on average sees 1.31 million shares exchange hands each day. The stock now has a 52-week low of 0.006 and high of 0.018.

This Is Why S&P/ASX 200 Is Up 4.7% For The Year

S&P/ASX 200 is a leading market index that features Australia’s top 200 companies ranked based on market capitalization. Centaurus Metals Limited is one of many involved in trades. The index first went online in April of 2,000 after inheriting all the data from All Ordinaries. The index does not have restrictions on the kind of companies that can be listed as long as one meets the minimum eligibility requirements.

ASX 200 Highs and Lows

Since its inception, the index all time high stands at 6828.70 points recorded in November 2007. The index boasts of an all-time low of 1358.50 points registered in November 1992 and inherited from All Ordinaries.

The index currently covers 80% of Australia’s equity market something that has made it a reliable tool for gauging the health of the country’s equity market. ASX 200 is also liquidperfect from addressing all kinds of investment needs for managers who need to diversity in their portfolio. Good liquidity of Centaurus Metals Limited attracted traders at the market.

S&P/ ASX 200 is market-capitalization weighted, meaning its rating can only move up or down, based price changes of stocks listed. Weighted points are not in any way affected by changes in market capitalization not tied to stock prices. Unlike other indexes, ASX 200 does to take into consideration-restricted stocks normally issued to strategic investor’s, governments or venture capitalists as these are deemed strategic holdings mostly considered log term investments.

Listing Requirements

Companies that would wish to be listed in the index must first have their shares listed on the country’s national bourse, the ASX. Liquidity of a stock is another factor that is usually taken into consideration prior to a company being listed. The index also ensures that no single company dominates trading.

Rebalancing of the index usually takes place every three months in a bid to ensure that all the stocks listed meet the minimum requirement. In the just concluded rebalancing carried out on September 16, 2016, six companies were dropped and consequently replaced by six others that had met the minimum requirement.

The index rebalancing is normally carried out by a five-panel ‘index committee’ with the next one slated for December 16, 2016. While rebalancing can reduce the number of stocks listed, the committee cannot list more than 200 companies. Fortunately, Centaurus Metals Limited is one of them.

Some of the sectors that feature prominently in the index include utilities, financials, and Healthcare. Financials account for a huge chunk of the index’s total weighted points, at 40% with the second one accounting for less than 20%. The index total equity capitalization on the other hand accounts for 80% of Australian Securities Exchange total capitalization.

ASX 200 Performance

The S&P ASX 200 is currently up by 4.7% for the year as institutional and retail investors continue to scramble for positions in some of the companies with solid growth prospects. Strong corporate governance is one of the reasons that most investors are showing strong interest in the country’s top tier companies most of which are listed in the ASX 200.

Australia also boasts of one of the lowest interest rate environment in the developed world seen as a key drawer of investments from investors abroad. Companies like Centaurus Metals Limited are the safe haven for many.

More notable recent Centaurus Metals Limited (ASX:CTM) news were published by: Smh.com.Au which released: “Corporate Travel Management goodwill under fire as VGI steps up attack – The Sydney Morning Herald” on November 06, 2018, also Fool.com.Au with their article: “Is the Corporate Travel Management share price a buy? – Motley Fool Australia” published on January 22, 2019, Fool.com.Au published: “Why the Corporate Travel Management Ltd (ASX:CTD) share price has tumbled 8% lower today – Motley Fool Australia” on November 09, 2018. More interesting news about Centaurus Metals Limited (ASX:CTM) were released by: Fool.com.Au and their article: “Corporate Travel Management Ltd (ASX:CTD) responds to second report by VGI Partners – Motley Fool Australia” published on November 08, 2018 as well as Smh.com.Au‘s news article titled: “Corporate Travel Management’s short retort doesn’t stop share savaging – The Sydney Morning Herald” with publication date: October 31, 2018.

Centaurus Metals Limited engages in the evaluation and exploration of mineral resource properties primarily in Brazil. The company has market cap of $13.83 million. It explores for explores for iron, gold, and copper deposits. It currently has negative earnings. The firm holds interests in the Aurora copper project located in the state of Ceara, north-east Brazil; Mombuca gold project located in the state of Minas Gerais, south-east Brazil; Jambreiro iron ore project located in south-east Brazil; and Conquista project located in the state of Minas Gerais.