There are seven ASX 200 shares that will be leaving the benchmark index when it rebalances on 24 March.
The first one is
Audinate Group Ltd (
ASX: AD8). Tough trading conditions have weighed heavily on this audio technology company's performance over the past 12 months. This has led to a 67% share price decline, cutting its market capitalisation to $625 million.
KFC restaurant operator
Collins Foods Ltd (
ASX: CKF) is another ASX 200 share getting the boot. Its shares are down 17% since this time last year, reducing its market capitalisation to $1 billion.
Charter Hall Social Infrastructure REIT (
ASX: CQE) isn't trading too far away from a 52-week high. However, the social infrastructure focused property company's market capitalisation of just over $1 billion isn't enough to keep it in the benchmark index.
Coal miner
Coronado Global Resources Inc (
ASX: CRN) has sunk 60% over the past 12 months, pulling its market capitalisation down to $855 million.
Also being ejected from the ASX 200 are the shares of
Johns Lyng Group Limited (
ASX: JLG). This insurance building and restoration services company was sold off last month after disappointing with its half year results. Its shares are down 57% over the past 12 months, reducing its market capitalisation to $790 million.
Finally, travel and transport company
Kelsian Group Ltd (
ASX: KLS) and embattled casino operator
Star Entertainment Group Ltd (
ASX: SGR) complete the list after sinking approximately 47% and 80%, respectively, since this time last year.
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Replacing them in the ASX 200 are
- copper miner Capstone Copper Corp (ASX: CSC),
- data centre companies Digico Infrastructure REIT (ASX: DGT) and Macquarie Technology Group Ltd (ASX: MAQ),
- mining technology company Imdex Ltd (ASX: IMD),
- investigative analytics and intelligence software provider Nuix Ltd (ASX: NXL),
- gold miner Spartan Resources Ltd (ASX: SPR), and
- online furniture and homewares retailer Temple & Webster Group Ltd (ASX: TPW).