Shares of Metro Performance Glass Limited (ASX:MPP) closed at 0.38 yesterday. Metro Performance Glass Limited currently has a total float of 201.02M shares and on average sees 4,541 shares exchange hands each day. The stock now has a 52-week low of 0.355 and high of 0.89.

This Is Why S&P/ASX 200 Is Up 4.7% For The Year

S&P/ASX 200 is a leading market index that features Australia’s top 200 companies ranked based on market capitalization. Metro Performance Glass Limited is one of many involved in trades. The index first went online in April of 2,000 after inheriting all the data from All Ordinaries. The index does not have restrictions on the kind of companies that can be listed as long as one meets the minimum eligibility requirements.

ASX 200 Highs and Lows

Since its inception, the index all time high stands at 6828.70 points recorded in November 2007. The index boasts of an all-time low of 1358.50 points registered in November 1992 and inherited from All Ordinaries.

The index currently covers 80% of Australia’s equity market something that has made it a reliable tool for gauging the health of the country’s equity market. ASX 200 is also liquidperfect from addressing all kinds of investment needs for managers who need to diversity in their portfolio. Good liquidity of Metro Performance Glass Limited attracted traders at the market.

S&P/ ASX 200 is market-capitalization weighted, meaning its rating can only move up or down, based price changes of stocks listed. Weighted points are not in any way affected by changes in market capitalization not tied to stock prices. Unlike other indexes, ASX 200 does to take into consideration-restricted stocks normally issued to strategic investor’s, governments or venture capitalists as these are deemed strategic holdings mostly considered log term investments.

Listing Requirements

Companies that would wish to be listed in the index must first have their shares listed on the country’s national bourse, the ASX. Liquidity of a stock is another factor that is usually taken into consideration prior to a company being listed. The index also ensures that no single company dominates trading.

Rebalancing of the index usually takes place every three months in a bid to ensure that all the stocks listed meet the minimum requirement. In the just concluded rebalancing carried out on September 16, 2016, six companies were dropped and consequently replaced by six others that had met the minimum requirement.

The index rebalancing is normally carried out by a five-panel ‘index committee’ with the next one slated for December 16, 2016. While rebalancing can reduce the number of stocks listed, the committee cannot list more than 200 companies. Fortunately, Metro Performance Glass Limited is one of them.

Some of the sectors that feature prominently in the index include utilities, financials, and Healthcare. Financials account for a huge chunk of the index’s total weighted points, at 40% with the second one accounting for less than 20%. The index total equity capitalization on the other hand accounts for 80% of Australian Securities Exchange total capitalization.

ASX 200 Performance

The S&P ASX 200 is currently up by 4.7% for the year as institutional and retail investors continue to scramble for positions in some of the companies with solid growth prospects. Strong corporate governance is one of the reasons that most investors are showing strong interest in the country’s top tier companies most of which are listed in the ASX 200.

Australia also boasts of one of the lowest interest rate environment in the developed world seen as a key drawer of investments from investors abroad. Companies like Metro Performance Glass Limited are the safe haven for many.

More important recent Metro Performance Glass Limited (ASX:MPP) news were published by: Fool.com.Au which released: “Down 60% in 2017: Is Metro Performance Glass Ltd an opportunity? – Motley Fool Australia” on November 20, 2017, also Investorideas.com published article titled: “Bill to Regulate and Tax Marijuana for Adult Use in Vermont Passes in Senate With Veto-proof Majority – InvestorIdeas.com”, Mondaq.com published: “Crowd-sourced funding (CSF) now extended to private companies – Corporate/Commercial Law – Australia – Mondaq News Alerts” on November 19, 2018. More interesting news about Metro Performance Glass Limited (ASX:MPP) was released by: Smh.com.Au and their article: “Real time payments overhaul coming in 2017 – The Sydney Morning Herald” with publication date: December 26, 2016.

Metro Performance Glass Limited, together with its subsidiaries, supplies processed flat glass and related products for residential and commercial building sectors in New Zealand and Australia. The company has market cap of $76.39 million. The Company’s products include various glass products, including kitchen doors and mirrors, benchtops, and splash backs; and mirrors, inline showers, two and three sided showers, bath end showers, bath screens, and shower and screen hardware. It has a 7.6 P/E ratio. The company's products also comprise balustrades, stairs, room dividers, doors, mirrors, furniture, and balustrade and door hardware; and exterior balustrades, pool fences, wind breaks, glass canopies, glass features, outdoor furniture, and balustrade and pool fence hardware.