Tech stocks upgraded on the ASX

By

Optus parent SingTel and technology retailers JB Hi-Fi have been promoted to the Standard and Poor's ASX 100 after the ratings firm conducted a review of the shell-shocked local stockmarket.

Health software ISV IBA Health was also promoted to the S&P/ ASX 200, while IT reseller Data#3 and telecoms provider SP Telemedia were both added to the All Ordinaries Index.

Tech stocks upgraded on the ASX

Being promoted to a higher tier tends to attract a company a larger share of institutional funds.

Technology stocks have fared comparatively in the financial shakeout better than some of their mining and financial peers.

Demoted companies include Babcock and Brown, Centro and Coca-Cola Amatil.

Got a news tip for our journalists? Share it with us anonymously here.
Tags:
asxcrisisfinancialfinancial servicesglobalibasingtelsp

Sponsored Whitepapers

Gaining a Competitive Advantage with Communication APIs
Gaining a Competitive Advantage with Communication APIs
Leverage Technologies: Industry-Tailored ERP Implementation for Growth and Compliance
Leverage Technologies: Industry-Tailored ERP Implementation for Growth and Compliance
Service Over Signatures: The Truth About No Lock-In IT
Service Over Signatures: The Truth About No Lock-In IT
Wasabi Reveals Hidden Costs and Cloud Storage Shifts in ANZ for 2025
Wasabi Reveals Hidden Costs and Cloud Storage Shifts in ANZ for 2025
Datacom + Microsoft Azure: Turn Ideas Into Impact in Just 4 Weeks
Datacom + Microsoft Azure: Turn Ideas Into Impact in Just 4 Weeks

Events

Most Read Articles

CBA using facial recognition logins to verify disputed payments

CBA using facial recognition logins to verify disputed payments
Australia takes another step toward a central bank digital currency

Australia takes another step toward a central bank digital currency
nib develops Cortex-powered AI to streamline data migration

nib develops Cortex-powered AI to streamline data migration
ANZ to put 3000 leaders through an AI "immersion centre"

ANZ to put 3000 leaders through an AI "immersion centre"
techpartner.news logo
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
"It's an exciting time to be part of the health and aged care sector"
"It's an exciting time to be part of the health and aged care sector"
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Orro claims Australia first with managed digital asset discovery service
Orro claims Australia first with managed digital asset discovery service

Log In

  |  Forgot your password?