The latest changes for the S&P/TSX Composite Index, assembled by S&P Down Jones Indices, were announced after the bell. It appears that the month of September will see the addition of two notable Canadian small cap names, as well as the returned of an industrial giant removed last year.
Perhaps the largest name that will see the return to the Composite is that of Bombardier (TSX: BBD.B), whom will see its Class B shares return to the index after being deleted last June at the same time as Hexo Corp (TSX: HEXO). The Quebec-based industrial giant at the time had been removed from both the S&P/TSX Composite Index as well as the S&P/TSX 60 Index as a result of its share price not meeting minimum pricing requirements for the indices.
Perhaps more interesting for small cap investors, is the additions of both WELL Health Technologies (TSX: WELL), a telehealth focused firm that has been in the spotlight as of late, as well as that of K92 Mining Inc (TSX: KNT), a new gold producer focused on its Kainantu gold mine in Papua New Guinea.
A total of eight additions were made to the index for the month of September, with changes to take effect prior to opening of trading on September 20, 2021. Only one firm, Trillium Therapeutics (TSX: TRIL), is to be removed from the index this month, however the firm announced in late August that it is to be acquired by Pfizer (NYSE: PFE) in an all-cash $2.26 billion transaction, priced at $18.50 per share.
The full list of additions to the index for the month of September can be found here.
The S&P/TSX Composite Index last traded at $20,821.43.
Information for this briefing was found via S&P/TSX. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
