The S&P/ASX 100 index is a market-capitalisation weighted and float-adjusted stock market index of Australian stocks listed on the Australian Securities Exchange from Standard & Poor's. The 3-letter exchange ticker in Australia for the S&P/ASX 100 is "XTO". The index incorporates total of top 100 companies listed on ASX.
What is the ASX 100?
The ASX 100 represents the country’s large and mid cap stocks ASX offers, and is Australia’s premier large capitalisation equity index. The index offers a benchmark for each ASX investor whose focus is to build a portfolio for ASX shares with strong liquidity.
What is the S&P/ASX 100 (XTO) index?
The S&P/ASX 100 (XTO) Index is comprised of Australia’s large and mid-cap equities. The index contains the 100 largest ASX listed stocks with the cut-off being a market capitalisation of ~$1.7 billion (AUD). Constituents account for ~73% (September 2023) of Australia’s sharemarket capitalisation.
