Prime Media, NZME and Salmat fall out of All Ords Index

Miranda Ward

March 10, 2017 9:40

Prime Media Group, NZME and Salmat have all been removed from the All Ordinaries (XAO) due to the recent performance of the companies.

The All Ordinaries is considered a total market barometer for the Australian stock market and contains the 500 largest ASX-listed companies by way of market capitalisation.

The three companies will all drop off the lists as of March 20 as a result of the March quarterly review.

Prime Media Group (ASX: PRT) has seen its share price remain relatively flat over the past three months, starting 2017 with a share price of $0.31, climbing to a high of $0.33. When the market closed yesterday, the media company’s share price was $0.30, giving the company – which is the owner of regional television network Prime7 in eastern Australia and GWN7 in regional Western Australia – a market capitalisation of $108.07m.

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Miranda Ward

Miranda Ward worked for Mumbrella from 2013 to 2017, eventually becoming deputy editor. Miranda joined Mumbrella in September 2013 from Sky News.