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

Hand with Australian dollar notes handing the money to another hand symbolising ex-dividend date.
Share Market News

Morgans says these ASX shares are buys (with special dividends to come)

Here's what the broker is saying about these shares.

Read more »

Investor sitting in front of multiple screens watching share prices
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave the thumbs up to these ASX shares last week. Why are they bullish?

Read more »

Man with rocket wings which have flames coming out of them.
Broker Notes

These ASX shares could rise 30% to 50% in 12 months

Big returns could be on the cards for owners of these shares according to analysts.

Read more »

View from below of a man with a shovel standing by a hole he has dug in the garden, with blue sky in the background.
Resources Shares

Here's why I'm steering clear of Core Lithium shares

Lithium has bottomed out over the past year, but here's why this is NOT the bargain stock to buy.

Read more »

A woman sits in a cafe wearing a polka dotted shirt and holding a latte in one hand while reading something on a laptop that is sitting on the table in front of her
Share Market News

Why these 4 ASX 200 shares grabbed the Motley Fool's headlines this week

From stellar earnings results to a multi-billion-dollar acquisition approval, these four ASX 200 shares made a big splash this week.

Read more »

A happy older couple relax in a hammock together as they think about enjoying life with a passive income stream.
Investing Strategies

I'd aim to turn a $20,000 savings account into $25,400 of passive income

It doesn't matter if you don't have a pile of cash to start investing. The important thing is to start.

Read more »

A businessman hugs his computer and smiles.
Opinions

3 ASX shares to buy and hold forever

I like these stocks as ultra-long term ideas.

Read more »

A man with grahpics of robot arms, indicating a share price movement in ASX robotics and tech companies
Share Market News

Here's how the ASX 200 market sectors stacked up this week

Tech shares led the pack for a second week, clocking a near 10% gain over the fortnight.

Read more »