These 6 shares are being kicked out of the ASX 200 index this month

Change is afoot for the ASX 200 index.

A man working in the stock exchange.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It's that time of the year again when S&P Dow Jones Indices announces the rebalance of the S&P/ASX Indices.

According to the release, there will be a total of five companies entering the S&P/ASX 200 Index (ASX: XJO) at the next rebalance later this month on 18 September.

To begin with, let's take a look at the new additions to the benchmark index.

Which ASX shares are entering the ASX 200 index?

The first ASX share to enter the index this month is Data#3 Limited (ASX: DTL). It is an information and communications technology company.

Gold miners Genesis Minerals Ltd (ASX: GMD) and Ramelius Resources Ltd (ASX: RMS) have also been added to the ASX 200 index. The former recently acquired the Leonora assets from St Barbara Ltd (ASX: SBM).

Another new entrant to the index is high-flying Neuren Pharmaceuticals Ltd (ASX: NEU). This pharmaceutical company's shares have rocketed higher this year thanks to its game-changing agreement with North American partner Acadia Pharmaceuticals (NASDAQ: ACAD).

Finally, the credibility of the ASX 200 index is once again questioned with the addition of meme stock Weebit Nano Ltd (ASX: WBT).

However, some short sellers may be happy with this news, as its inclusion allows institutional investors with strict investment mandates to now target the highly speculative semiconductor company.

Which shares are being kicked out?

It is a case of one meme stock in, one meme stock out for the ASX 200 index this quarter.

Weebit Nano is entering the index as Brainchip Holdings Ltd (ASX: BRN) leaves it. This semiconductor company has been delivering very strong costs growth this year and that's about it. Recent revenue was less than a café and its losses doubled to US$17.15 million.

Also leaving the index are Abacus Group (ASX: ABG), Abacus Storage King (ASX: ASK), Imugene Limited (ASX: IMU), Lake Resources N.L. (ASX: LKE), and Syrah Resources Ltd (ASX: SYR).

As you might have noticed, there are six companies leaving the ASX 200 index and five entering it. That's because there have been 201 ASX shares in the index since Abacus Group spun off its Storage King business into a separate listing.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

People sit in rollercoaster seats with expressions of fear, terror and exhilaration as it goes into a steep downward descent representing the Novonix share price in FY22
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors had a rough end to the trading week this Friday.

Read more »

A panel of four judges hold up cards all showing the perfect score of ten out of ten
52-Week Highs

Big ASX news: 10 ASX 200 shares hit new 52-week highs today

Do you own any of these lucky stocks?

Read more »

Siblings jumping on a trampoline.
Share Gainers

These 3 ASX 200 stocks are charging higher this week. Own any?

Investors have been piling into these ASX 200 stocks this week. But why?

Read more »

A young bank customer wearing a yellow jumper smiles as she checks her bank balance on her phone.
Bank Shares

CBA shares: Another day, another new record high

What's behind CBA's latest push into record territory?

Read more »

Three guys in shirts and ties give the thumbs down.
Share Fallers

Why Beach Energy, McMillan Shakespeare, News Corp, and Pilbara Minerals shares are falling today

These shares are ending the week in the red. But why?

Read more »

A young woman holding her phone smiles broadly and looks excited, after receiving good news.
Share Gainers

Why Domino's, Nick Scali, REA, and Sigma shares are charging higher today

These shares are ending the week on a high. Let's see why investors are bidding them higher today.

Read more »

A young boy with a sombre face looks down at the zip fastener at the bottom of his jacket as he concentrates on unfastening the clasp.
BNPL shares

Should you buy the 34% dip on Zip shares?

After crashing 34% in a month, what’s next for Zip shares?

Read more »

A young man sits at his desk working on his laptop with a big smile on his face due to his ASX shares going up and in particular the Computershare share price
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »