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:

Most Read Articles

ANZ eyes 'compound' gains from GenAI

ANZ eyes 'compound' gains from GenAI

Jobs at risk as 'significant' restructure hits ANZ tech teams

Jobs at risk as 'significant' restructure hits ANZ tech teams

IAG uses GenAI to decide whether to send tradies for 'make safe' repairs

IAG uses GenAI to decide whether to send tradies for 'make safe' repairs

Westpac turns to AIOps and event-driven automation

Westpac turns to AIOps and event-driven automation

Log In

  |  Forgot your password?