Shares of AstiVita Limited (ASX:AIR) closed at 0.093 yesterday. AstiVita Limited currently has a total float of 53.84 million shares and on average sees 603 shares exchange hands each day. The stock now has a 52-week low of 0.065 and high of 0.093.

S&P/ASX 200: Directing Asian Economy Growth

CG Watch has recently named Australia as one of the Asian nations with the best corporate governance, which is essential in carrying out national economic growth prospects. The Australian Securities Exchange (ASX) is the perfect reflection of Australia’s thriving national economy.

It includes companies with perfect liquidity like AstiVita Limited. The ASX is one of Asia’s leading stock exchanges. As of 2014, it has a market capitalization of A$1.60 trillion with over 2,000 companies listed on it. Its benchmark index is the S&P/ASX 200, which weighs its top 200 stocks on a free-float market capitalization basis.

About the S&P/ASX 200

The S&P/ASX 200 was launched in April 2000, starting at 3,133.30 points. Regardless, it continues from the history of the previous Australian benchmark index, All Ordinaries, which was founded in January 1980. Consequently, the S&P/ASX 200 holds an all-time low of 1,358.50 points, which was recorded in November 1992; and an all-time high of 6,828.70 points, which was posted in November 2007.

The S&P/ASX 200 first touched the 6,000 mark in February 2007 as investors began resorting to safe-haven markets such as the ASX with the looming threat of the 2008 Global Financial Crisis. An ability to transform assets into cash as in case of AstiVita Limited was highly appreciated by nervous traders. Australia has always been an ideal market for investors because of its low interest rates and compelling corporate governance. Having low interest rates means that investors can better access capital through loans.

S&P/ASX 200 Composition

The components of the S&P/ASX 200 are reviewed by the Index Committee four times a year, particularly every 16th of March, June, September, and December. The Index Committee is a panel with five members that reviews the companies listed on the ASX, the 200 most active of which are then included in the S&P/ASX 200. Sometimes, depending on several factors such as market capitalization, liquidity, among others, less than 200 companies make it to the S&P/ASX 200. And this is the double reason to be proud for such companies as AstiVita Limited.

In the latest review of the S&P/ASX 200, the Index Committee had dropped six companies and had added six new companies on the coveted index.

As a free-float, market-capitalization-weighted index, the S&P/ASX 200 is quarterly adjusted with respect to the stock prices of frequently traded stocks. This means that stocks held by the government, venture capitalists, and the likes are not reviewed by the Index Committee.

The S&P/ASX 200 has various sectors with the financial sector being the largest as it makes up roughly 40% of the index. It makes up almost 80% of the overall market capitalization in Australia. Representing the top 200 stocks on the ASX, the S&P/ASX 200 is a reliable indicator of the Australian economy.

Needless to point out, investing in the ASX is worth considering. With a cheap borrowing environment complemented by a hot equity market, investors can realize their long-term goals by investing in Australia. At a time when the Asian economy is immensely growing, it is just right to bet on Australia’s growth.

More notable recent AstiVita Limited (ASX:AIR) news were published by: Fool.com.Au which released: “Why the Splitit share price is going gangbusters again today – Motley Fool Australia” on March 08, 2019, also Smh.com.Au with their article: “Markets Live: ASX closes at 6089 – The Sydney Morning Herald” published on February 18, 2019, Smh.com.Au published: “Markets Live: Energy index leads ASX – The Sydney Morning Herald” on February 12, 2019. More interesting news about AstiVita Limited (ASX:AIR) were released by: Fool.com.Au and their article: “Virgin Australia shares soar after delivering best result in a decade – Motley Fool Australia” published on February 13, 2019 as well as Fool.com.Au‘s news article titled: “Should you buy Helloworld Travel shares after today’s half year results release? – Motley Fool Australia” with publication date: February 18, 2019.

AstiVita Limited engages in the import and distribution of kitchen appliances, sanitary-ware, and bathroom products in Australia. The company has market cap of $5.01 million. It primarily distributes household products, including bathroom products, photovoltaic panels and inverters, energy efficiency hot water systems, and Italian/French cooking appliances. It currently has negative earnings. The company's bathroom and kitchen products comprise appliances, basins, bathroom accessories, baths, equipment, mirrors, packages, plugs and wastes, stainless steel sinks, tapware products, toilet suites, and vanity units.