Aristocrat Leisure Limited (ALL) Moves Up 0.5% on Jun 11

June 11, 2018 - By Peter Erickson

Shares of Aristocrat Leisure Limited (ASX:ALL) last traded at 30.01, representing a move of 0.5%, or 0.15 per share, on volume of 2.58M shares. After opening the trading day at 29.86, shares of Aristocrat Leisure Limited traded in a close range. Aristocrat Leisure Limited currently has a total float of 638.55 million shares and on average sees 2.21 million shares exchange hands each day. The stock now has a 52-week low of 19.61 and high of 31.7.

S&P/ASX 200: Directing Asian Economy Growth

CG Watch has recently named Australia as one of the Asian nations with the best corporate governance, which is essential in carrying out national economic growth prospects. The Australian Securities Exchange (ASX) is the perfect reflection of Australia’s thriving national economy.

It includes companies with perfect liquidity like Aristocrat Leisure Limited. The ASX is one of Asia’s leading stock exchanges. As of 2014, it has a market capitalization of A$1.60 trillion with over 2,000 companies listed on it. Its benchmark index is the S&P/ASX 200, which weighs its top 200 stocks on a free-float market capitalization basis.

About the S&P/ASX 200

The S&P/ASX 200 was launched in April 2000, starting at 3,133.30 points. Regardless, it continues from the history of the previous Australian benchmark index, All Ordinaries, which was founded in January 1980. Consequently, the S&P/ASX 200 holds an all-time low of 1,358.50 points, which was recorded in November 1992; and an all-time high of 6,828.70 points, which was posted in November 2007.

The S&P/ASX 200 first touched the 6,000 mark in February 2007 as investors began resorting to safe-haven markets such as the ASX with the looming threat of the 2008 Global Financial Crisis. An ability to transform assets into cash as in case of Aristocrat Leisure Limited was highly appreciated by nervous traders. Australia has always been an ideal market for investors because of its low interest rates and compelling corporate governance. Having low interest rates means that investors can better access capital through loans.

S&P/ASX 200 Composition

The components of the S&P/ASX 200 are reviewed by the Index Committee four times a year, particularly every 16th of March, June, September, and December. The Index Committee is a panel with five members that reviews the companies listed on the ASX, the 200 most active of which are then included in the S&P/ASX 200. Sometimes, depending on several factors such as market capitalization, liquidity, among others, less than 200 companies make it to the S&P/ASX 200. And this is the double reason to be proud for such companies as Aristocrat Leisure Limited.

In the latest review of the S&P/ASX 200, the Index Committee had dropped six companies and had added six new companies on the coveted index.

As a free-float, market-capitalization-weighted index, the S&P/ASX 200 is quarterly adjusted with respect to the stock prices of frequently traded stocks. This means that stocks held by the government, venture capitalists, and the likes are not reviewed by the Index Committee.

The S&P/ASX 200 has various sectors with the financial sector being the largest as it makes up roughly 40% of the index. It makes up almost 80% of the overall market capitalization in Australia. Representing the top 200 stocks on the ASX, the S&P/ASX 200 is a reliable indicator of the Australian economy.

Needless to point out, investing in the ASX is worth considering. With a cheap borrowing environment complemented by a hot equity market, investors can realize their long-term goals by investing in Australia. At a time when the Asian economy is immensely growing, it is just right to bet on Australia’s growth.

More notable recent Aristocrat Leisure Limited (ASX:ALL) news were published by: which released: “Aristocrat Leisure Limited (ASX:ALL) shares jump on bumper profit growth” on May 24, 2018, also with their article: “Can Aristocrat Leisure Limited (ASX:ALL) deliver a profit beat?” published on May 23, 2018, published: “Afterpay Touch, Appen, Ingham’s join ASX 200, Retail Food Group dropped” on June 08, 2018. More interesting news about Aristocrat Leisure Limited (ASX:ALL) were released by: and their article: “ALL ORDINARIES finishes higher Thursday: 8 shares you missed” published on May 24, 2018 as well as‘s news article titled: “ALL ORDINARIES finishes lower Friday: 8 shares you missed” with publication date: May 25, 2018.

Aristocrat Leisure Limited, together with its subsidiaries, engages in the development, assembly, sale, distribution, and service of gaming machines and systems in the Americas, Australia, New Zealand, and internationally. The company has market cap of $19.16 billion. It offers a range of services and products, including electronic gaming machines, and social gaming and casino management systems. It has a 38.72 P/E ratio. The firm also offers cabinets and gaming products.

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