Shares of Ariadne Australia Limited (ASX:ARA) closed at 0.665 yesterday. Ariadne Australia Limited currently has a total float of 193.25 million shares and on average sees 23,419 shares exchange hands each day. The stock now has a 52-week low of 0.59 and high of 0.76.

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. Ariadne Australia 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 Ariadne Australia 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, Ariadne Australia 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 Ariadne Australia Limited are the safe haven for many.

More notable recent Ariadne Australia Limited (ASX:ARA) news were published by: Smh.com.Au which released: “Millennial masterstroke: All credit to Afterpay in generation grab – Sydney Morning Herald” on March 02, 2019, also Fool.com.Au with their article: “The share price of this alternative ASX stock to A2 Milk just surged 6% today – Motley Fool Australia” published on February 11, 2019, Fool.com.Au published: “Why the Ariadne Australia Limited share price jumped 49% today – Motley Fool Australia” on December 08, 2016. More interesting news about Ariadne Australia Limited (ASX:ARA) were released by: Fool.com.Au and their article: “Are these 3 shares takeover targets? – Motley Fool Australia” published on March 30, 2017 as well as Theguardian.com‘s news article titled: “Tax transparency: which companies pay the most and least tax in Australia? – The Guardian” with publication date: December 13, 2018.

Ariadne Australia Limited engages in car park infrastructure operation and management in Australia and New Zealand. The company has market cap of $128.51 million. The firm operates through Investments, Car Parking, and Property divisions. It has a 21.45 P/E ratio. It operates a 595 bay car park situated in the Queens Plaza retail center in the Brisbane CBD and a car park comprising 299 bays located at Tank Street, west of the CBD.