What's happening with Zip shares on their first day back aboard the ASX 200?

MotleyFool07-22

Zip Co Ltd (ASX: ZIP) shares officially rejoined the S&P/ASX 200 Index (ASX: XJO) today. The ASX buy now, pay later (BNPL) stock lost its spot among the top 200 largest listed companies by market cap ...

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The ASX buy now, pay later (BNPL) stock lost its spot among the top 200 largest listed companies by market cap ...</p>\n\n<a href=\"https://www.fool.com.au/2024/07/22/whats-happening-with-zip-shares-on-their-first-day-back-aboard-the-asx-200/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's happening with Zip shares on their first day back aboard the ASX 200?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's happening with Zip shares on their first day back aboard the ASX 200?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-22 12:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/07/22/whats-happening-with-zip-shares-on-their-first-day-back-aboard-the-asx-200/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Zip Co Ltd (ASX: ZIP) shares officially rejoined the S&P/ASX 200 Index (ASX: XJO) today. The ASX buy now, pay later (BNPL) stock lost its spot among the top 200 largest listed companies by market cap ...</p>\n\n<a href=\"https://www.fool.com.au/2024/07/22/whats-happening-with-zip-shares-on-their-first-day-back-aboard-the-asx-200/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ALU.AU","symbol_name":"ALTIUM LTD","start_time":0,"source_url":"https://www.fool.com.au/2024/07/22/whats-happening-with-zip-shares-on-their-first-day-back-aboard-the-asx-200/","article_id":"2453478091","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2453478091","pubTimestamp":1721622041,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"Zip Co Ltd (ASX: ZIP) shares officially rejoined the S&P/ASX 200 Index(ASX: XJO) today. 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That's come as the company's shift to new management and away from growth at all costs to its new, more sustainable, profitable business model has caught investors' attention. This has also seen Zip's market cap grow to the current $1.97 billion. And on 12 July, shareholders learned that Zip would return to the ASX 200, commencing today. S&P Dow Jones Indices revealed Zip would replace Altium Limited (ASX: ALU) in the benchmark index today, following Altium's acquisition by Renesas Electronics Corporation. Longer term, this should offer some added support for Zip, as many fund managers who are restricted to investing in only the larger end of the market can now add the company to their holdings. Index tracking funds intended to mirror the ASX 200 will also need to buy Zip stock to properly track the benchmark performance. But Zip shares aren't enjoying any boost from their reclassification just yet, with the ASX 200 BNPL stock down 2.1% at $1.66 a share. 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