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ASX 20
Share Price & News
One can consider the S&P/ASX 20 (XTL) to be Australia’s narrowest stock market index. It was launched in 2000. The index was designed to measure actively traded and highly liquid securities that are among the 20 largest securities listed on the ASX. The Index constitutes the 20 largest stocks by market capitalisation, listed and trading on the exchange. Ideally, actively traded and highly liquid securities are part of this index. Given the low number of securities in the index, it offers little diversification relative to other indices. The constituents of the index are subject to change, depending on the quarterly rebalancing by the index operator (S&P). Often, the financial and material sector owns almost half of the S&P/ASX 20.
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Frequently Asked Questions
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What is the ASX 20?
The ASX 20 is an index of the 20 largest companies listed on the Australian Securities Exchange by market capitalisation. -
How often is the ASX 20 updated?
The ASX 20 is reviewed quarterly to reflect changes in company rankings. -
What criteria are used for ASX 20 inclusion?
Companies are ranked based on market capitalisation and liquidity. -
Where can I track the ASX 20 performance?
You can follow live data and updates on the ASX 20 via Kalkine Media and financial market platforms. -
Does the ASX 20 include only Australian companies?
It includes companies listed on the ASX, which may operate globally but are traded in Australia. -
What sectors are covered in the ASX 20?
The ASX 20 includes companies from banking, mining, healthcare, telecommunications, and more. -
How is the ASX 20 different from the ASX 200?
The ASX 20 features only the top 20 companies, while the ASX 200 includes the top 200. -
Is the ASX 20 a market-cap weighted index?
Yes, companies in the ASX 20 are weighted based on their market capitalisation. -
Are ASX 20 companies also part of other ASX indices?
Yes, they are often included in broader indices like the ASX 50 and ASX 200. -
Why is the ASX 20 important?
It reflects the performance of Australia's largest and most influential listed companies.