These 8 companies joined the ASX 200 on Monday. Here's how they're performing

The S&P Dow Jones Indices quarterly rebalance took effect on Monday.

A group of businesspeople clapping.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 Index (ASX: XJO) welcomed eight new companies on Monday morning.

The benchmark index also farewelled eight others.

That's all part of the S&P Dow Jones Indices quarterly rebalance, following on from its September quarterly review, which seeks to maintain risks at targeted volatility levels.

The ASX 200, as you're likely aware, is home to the 200 (or so) largest listed companies by market cap. As some of these companies lost a lot of ground over the past three months they were replaced, on Monday, by other companies.

Below we look at the eight newest ASX 200 shares and how they've done since the closing bell last Friday. For context, the benchmark index is down 0.6% since then.

Joining the ASX 200 on Monday

The first new company to join the ASX 200 on Monday is Capricorn Metals Ltd (ASX: CMM), with a market cap of $1.07 billion. The resource explorer's main focus is its Karlawinda Gold Project, located in Western Australia. The Capricorn Metals share price is down 1.05% since being added to its new benchmark index.

Next up we have Charter Hall Social Infrastructure REIT (ASX: CQE), with a market cap of $1.3 billion. The real estate investment trust primarily invests in early learning centres. Charter Hall pays a 4.94% trailing dividend yield, unfranked. The REIT's share price is down 2.6% since Friday's close.

The third company joining the ASX 200 this week is Johns Lyng Group Ltd (ASX: JLG), which has a market cap of $1.64 billion. Johns Lyng provides integrated building services in Australia. The company pays a 0.9% trailing dividend yield, fully franked. Shares are up 2.97% so far this week.

Moving on to the fourth new entrant, we have Karoon Energy Ltd (ASX: KAR), with a market cap of $1.16 billion. The oil and gas exploration and production company has projects in Australia and Brazil. The Karoon Energy share price has gained 3.48% since Friday's close.

Also making the move

Also joining the ASX 200 this week is fashion jewellery retailer Lovisa Holdings Ltd (ASX: LOV). Lovisa has been powering higher in 2022 and now commands a market cap of $2.5 billion. Lovisa pays a 3.26% trailing dividend yield, partly franked. Shares are up 1.8% this week.

Next up is Smartgroup Corporation Ltd (ASX: SIQ), with a market cap of $723 million. The ASX tech share provides specialist employee management services like salary packaging and vehicle fleet management. The stock pays a 6.67% trailing dividend yield, fully franked. The Smartgroup share price is down 0.92% this week.

Coming in at number seven is Spark New Zealand Ltd (ASX: SPK), with a hefty market cap of $8.53 billion. The ASX telecom share is a leading provider of fixed line and mobile services in New Zealand. Shares are up 1.79% from where they were at Friday's closing bell. Spark pays a 5.58% trailing dividend yield, unfranked.

And the final company to join the ASX 200 on Monday is Sayona Mining Ltd (ASX: SYA), which has a market cap of $2.2 billion. The resource company is primarily focused on lithium and graphite, with projects in Australia and Canada. Shares have tumbled 13.8% this week.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Johns Lyng Group Limited. The Motley Fool Australia has positions in and has recommended SMARTGROUP DEF SET. The Motley Fool Australia has recommended Johns Lyng Group Limited and Lovisa Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

A young man punches the air in delight as he reacts to great news on his mobile phone.
Broker Notes

These ASX 200 shares could rise 30% to 50%

Brokers have good things to say about these cheap shares.

Read more »

Man jumps for joy in front of a background of a rising stocks graphic.
Share Market News

Record CBA share price and Iran-Israel ceasefire lift ASX 200 financials to new peak

ASX financial shares led the 11 market sectors last week, gaining 1.82% and reaching a record high.

Read more »

A female ASX investor looks through a magnifying glass that enlarges her eye and holds her hand to her face with her mouth open as if looking at something of great interest or surprise.
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Broker Notes

10 Aussie stocks to buy in FY 2026

Let's see which shares analysts think could be buys in the upcoming financial year.

Read more »

Person pretends to types on laptop drawn in sand.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a disappointing end to the trading week for investors this Friday.

Read more »

A young boy points and smiles as he eats fried chicken.
Share Gainers

3 ASX All Ords shares smashing the benchmark this week

Investors are sending these three ASX All Ords shares rocketing 18% to more than 29% this week. But why?

Read more »

watch
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

Disappointed man with his head on his hand looking at a falling share price his a laptop.
Share Fallers

Why APA, Flight Centre, Reece, and Transurban shares are falling today

These shares are having a tough finish to the week. But why?

Read more »