When trolling the investment market for solid buys, no investor stops with the fundamentals of the targeted stock in isolation. They need to compare how the stock price has performed against other stocks, similar either in size or business sector. All over the world, share markets provide their investors with indexes segmenting the stocks trading on their exchanges by market capitalisation and business sector.
The ASX 100 Index (XTO)
The ASX 100 XTO index takes the top 100 stocks from the flagship S&P ASX 200 XJO index to provide a better comparison benchmark for large cap and some mid-cap stocks.
The minimum market capitalisation for the ASX 200 is around $380 million dollars. For the ASX 100, the minimum is $1.7 million dollars. Like many ASX market indexes, the ASX 100 is dominated by financial and materials stock, with financials making up around 30% of the index and materials making up 24% of the index as of September of 2024.
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Here is a breakdown of the ASX 100 index as of 1 March of 2019.
Source: ASX
A committee made up of members from Standard & Poor’s (S&P) and the Australian Securities Exchange (ASX) construct the index, which is rebalanced quarterly. In the event of unanticipated changes like mergers, acquisitions, or delistings the index is rebalanced between quarters.
ASX 100 Index (XTO) Live Chart
ASX 100 Index (XTO) Forecast
When forecasting future growth in the Australian stock market, analysts and market commentators use the S&P ASX 200 as the benchmark. Analysts from global investment banks Morgan Stanley and UBS are bullish on the Australian stock market going into 2025 following a record setting performance in 2024.
ASX 100 stocks getting an analyst recommendation as good value stocks include the following:
- Spark New Zealand (ASX: SPK)
- A2 Milk Company (ASX: A2M)
- Santos Limited (ASX: STO)
- Ramsey Healthcare IASX: RHC)
- Auckland International Airport (ASX: AIA)
- Dexus (ASX: DXS)
ASX 100 Index (XTO) Performance
Top ASX 100 (XTO) Stocks
