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Message: Ten candidates for S&P/TSX composite inclusion

David Pett December 2, 2010 – 2:02 pm

The S&P/TSX composite index could grow by nine members when Standard & Poor’s announces its quarterly rebalancing of the Canada’s benchmark index after the close on December 10.

Dollarama Inc., Transglobe Energy Corp., First Majestic Silver Corp., Grande Cache Coal Corp., Denison Mines Corp., Dundee Precious Metals Inc., Capstone Mining Corp., Kirkland Lake Gold Inc., Flint Energy Services Ltd., Air Canada Ltd. are the securities most likely to be added to the S&P/TSX composite index, according to UBS strategist Garry Cooper.

Mr. Cooper noted that each of these ten names have satisfied the criteria for inclusion, while Questerre Energy Corp. looks vulnerable to deletion.

The strategist doesn’t anticipate any changes in the S&P/TSX 60 index, but said Silver Wheaton Corp., is the largest liquid name on his list of eligible replacements.



Read more: http://business.financialpost.com/category/trading-desk/#ixzz173AttSoT

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