2358 GMT - Nine Entertainment could be at risk of being cut from Australia's S&P/ASX 200 at the benchmark stock index's June rebalance, Canaccord Genuity analyst Lachlan Woods warns. While the rebalance's three-month reference period began only recently, Woods flags the Australian media conglomerate as a possible candidate for removal. Nine's market capitalization has fallen since last year's divestment of its controlling stake in property advertiser Domain, and distribution of most of the A$1.4 billion proceeds to shareholders. Woods expects Temple & Webster, SiteMinder, WEB Travel, and Guzman Y Gomez to be removed. He sees 4DMedical, Electro Optic Systems, Alkane Resources and Kingsgate being added, but cautions that other moves are possible depending on M&A activity. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 11, 2026 19:58 ET (23:58 GMT)
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