The Courier-Mail

Star per­former Mantra joins the ASX 200 club


GOLD Coast-based hol­i­day ac­com­mo­da­tion provider Mantra is among the new­est en­trants to the Aus­tralian share mar­ket’s equiv­a­lent of the hall of fame — the bench­mark ASX 200 in­dex.

Mantra is a star per­former with its shares up 48 per cent since this time last year.

En­gi­neer­ing soft­ware provider Altium, re­tire­ment vil­lage op­er­a­tor Gate­way Lifestyles, ship­builder Austal, auto-parts re­tailer Bur­son Group and soft­ware devel­oper MYOB will also join the cov­eted “200 club” later this month fol­low­ing the latest quar­terly re­view by fi­nan­cial re­search house Stan­dard & Poor’s.

S&P com­piles the in­dex tak­ing into ac­count mar­ket value and liq­uid­ity, which ef­fec­tively mea­sures how fre­quently a stock is traded.

The com­pa­nies dumped from the ASX 200 in the latest reshuf­fle in­clude strug­gling min­ing ser­vices group Brad­ken, en­gi­neer­ing group UGL, oil and gas com­pany Senex Energy, and re­tailer Kathmandu.

Whole­saler Met­cash has been a vic­tim of the su­per­mar­ket wars and as of Septem­ber 18, it will no longer fea­ture in the top 100 listed com­pa­nies, along with waste col­lec­tor Tran­spa­cific In­dus­tries.

The make-up of the coun­try’s 50 big­gest com­pa­nies re­mains un­changed. AUS­TRALIAN shares eked out a pos­i­tive fin­ish yesterday but the month has not got off to a good start.

The ASX 200 rose 12.8 points to 5040.6 points yesterday. But the bench­mark in­dex is down 3.2 per cent since the start of the month on Tues­day.

It fol­lowed an 8.6 per cent slump in Au­gust.

Quay Eq­ui­ties head of trad­ing Tris­tan K’Nell said in­vestors pressed the pause but­ton yesterday.

“(There’s) a bit of cau­tion – the mar­ket’s been spanked around this week,” Mr K’Nell said. The big min­ers lifted yesterday as bar­gain hun­ters moved in. BHP Bil­li­ton rose 37 to $24.69 and Rio Tinto 49 to $49.76. The big bank­ing stocks all re­treated.

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