KCN 2.44% 84.0¢ kingsgate consolidated limited.

now included in S&P index

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    Kingsgate is now included in the index after the removal of AOR---aqnother step in the acceptance of this gold producer.

    Q production report is due out tuesday. Expected to show continuing low cost production, 40,000+oz,profit of about 8mill for the first Q of 2002-3.

    Index funds will need to pick up a few.


    S&P/ASX 200
    The S&P/ASX 200 index is recognised as the investable benchmark for the Australian equity market. It addresses the needs of investment managers to benchmark against a portfolio characterized by sufficient size and liquidity. The S&P/ASX 200 is comprised of the S&P/ASX 100 plus an additional 100 stocks. It forms the basis for the SPI 200 and the ASX mini200 futures contract, and the streetTRACKS S&P/ASX 200 exchange-traded fund. The S&P/ASX 200 represented approximately 90% of the total market capitalisation of the Australian market at June 30, 2002.
 
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