Nuvei, Capstone, Trisura, Stelco, MTY Foods and Lundin Gold Could Be Added to S&P/TSX Composite Index, ATB Says
10:24AM ET on Tuesday May 25, 2021 by MT Newswires
Companies Mentioned: LUG, MTY, TSU, STLC, NVEI, CS
10:24 AM EDT, 05/25/2021 (MT Newswires) -- ATB Capital Markets said six companies could potentially be added to the S&P/TSX Composite Index at its next quarterly review.
ATB said Nuvei Corp (NVEI.TO), Capstone Mining Corp. (CS.TO), Trisura Group Ltd. (TSU.TO), Stelco Holdings Inc. (STLC.TO), MTY Food Group Inc. (MTY.TO), and Lundin Gold Inc. (LUG.TO) could be added to the index.
The firm said Organigram Holdings Inc (OGI.TO), Dream Office REIT (D-UN.TO), Westshore Terminals Investment Corp. (WTE.TO), Village Farms International Inc. (VFF.TO) and AcuityAds Holdings Inc. (AT.TO) could potentially be deleted from the index.
"Index inclusions and removals remain an important attribution factor for share price returns both for direct index-linked reasons like ETFs, mutual funds and derivatives, and index changes impact many institutional investor's addressable universes and benchmarks," ATB said in a note to clients.
The index adjustments are expected to be announced on Friday, June 11, with the changes anticipated a week later on June 18.
ATB said it does not expect any changes to the S&P/TSX 60 Index.
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