Eagle-eyed market watchers might have noticed a distinct change to the S&P/ASX 200 Index (ASX: XJO) this morning.
There are eight new faces on the index after the latest quarterly rebalance took effect prior to the market's open.
Generally, being added to the ASX 200 boosts a company's share price as funds tracking the index are forced to snap up its stock. However, it's likely that most of that action has been completed by now.
Let's take a look at how the newbies are settling in among many of the market's iconic names.
After kicking the day off in the green, the ASX 200 is down 0.16% right now.
Image source: Getty Images
How are the ASX 200 newbies performing?
Eight companies found themselves added to the ASX 200 this morning after S&P Dow Jones Indices' September rebalance came into effect.
And leading the pack of newcomers is John Lyng Group Ltd (ASX: JLG). Shares in the building services company have gained 1.8% to trade at $6.17 at the time of writing.
Coming in second best are shares in New Zealand telco Spark New Zealand Ltd (ASX: SPK). The Spark share price has lifted 1% to $4.525 right now.
Also trading higher are ASX 200 newbies Lovisa Holdings Ltd (ASX: LOV) and Charter Hall Social Infrastructure REIT (ASX: CQE). They've both gained 1% to trade at $22.75 and $3.495 respectively.
Meanwhile, shares of Karoon Energy Ltd (ASX: KAR) have lifted 0.2% to $2.015 while Capricorn Metals Ltd (ASX: CMM) stock is up 0.3% at $2.88.
Sadly, not all shares are celebrating their addition to the index today.
Stock in Smartgroup Corporation Ltd (ASX: SIQ) has fallen 0.5% to trade at $5.395.
But the greatest suffering is being felt by the newly-crowned ASX 200 lithium share.
The share price of emerging lithium producer Sayona Mining Ltd (ASX: SYA) is tumbling 7.9% to 26.7 cents despite the company's silence.
