Advice from market experts along with the common sense of investors of all types suggest no stock exciting investment interest should be considered in isolation. Stock performance needs to be assessed against a comparison benchmark of similar stocks.
All share markets make this possible by segmenting stocks trading on their market into indexes sorted by market capitalisation or business sector.
The ASX 50 Index (XFL)
The ASX 50 XFL Index includes the country’s top 50 large cap stocks, making the index a more precise comparison benchmark for large caps than the larger flagship index, the S&P ASX 200 XJO index.
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Financial websites around the world include daily roundups of performance of market indexes from other countries. For Australia, the S&P 200 XJO Index tells the world how things are going here in Australia.
The ASX 50 XFL Index is a smaller slice of the ASX 200 comprising of the top 50 companies included in the ASX 200. The ASX 200 has a minimum market capitalisation for inclusion of $380 million dollars. The ASX 50 XFL starts around $5 billion dollar market caps. The Index accounts for about 62% of all stocks on the ASX.
A committee of members from Standard & Poor’s (S&P) and the Australian Securities Exchange (ASX) select companies for inclusion into the index. Like the ASX 200, the ASX 50 is rebalanced quarterly with provisions made for unanticipated changes like mergers or delisting to be rebalanced between quarters.
The ASX 50 provides a good comparison benchmark for Australia’s large cap stocks. Here is a breakdown of companies in the index by business sector:
ASX 50 Index (XFL) Live Chart
ASX 50 Index (XFL) Forecast
The 2025 forecast for the ASX 50 Index reflects the forecast for the ASX 200. Global investment banks Morgan Stanley and UBS remain bullish on the future for the Index following the record-breaking performance in 2024.
As the month of November of 2024 drew to a close, five ASX 50 stocks were making news:
- Land development company AV Jennings (ASX: AVJ) up 86%
- Financing company Earlypay (ASX: EPY) up 21%
- Industrial company DroneShield (ASX: SRO) up 7.9%
- Gold explorer Spartan Resources (ASX: SPR) up 6.7%
- Aviation company Alliance Aviation Services (ASX: AQZ) up 6.1%
- Insurance company IAG Insurance (ASX: IAG) up 4%.
ASX 50 Index (XFL) Performance
Top ASX 50 (XFL) Stocks
