Resources-Focused Rebalance Reshapes S&P/ASX Indices for March 2026

The latest announcement is out from Calix Ltd. ( (AU:CXL) ).

S&P Dow Jones Indices has announced the March 2026 quarterly rebalance of the S&P/ASX indices, reshuffling constituents across the S&P/ASX 20, 50, 100, 200, and 300. The moves elevate several resources and energy-transition related companies, while removing a number of financials, property, and technology names from key benchmarks.

Northern Star Resources will enter the blue-chip S&P/ASX 20, replacing Santos, and Light & Wonder and PLS Group will join the S&P/ASX 50 as Seek and Technology One exit. The S&P/ASX 100 sees gold producers Greatland Resources, Regis Resources, and Westgold Resources added at the expense of Lendlease, Netwealth, and Pinnacle Investment Management.

Within the broader S&P/ASX 200, Predictive Discovery, SRG Global, and Vulcan Energy Resources are added, while Catapult Sports, DigiCo Infrastructure REIT, and EBOS Group are removed. The S&P/ASX 300 expands its roster with a wave of smaller and mid-cap names, including 4DMedical, Arafura Rare Earths, DPM Metals, and several lithium and metals companies, underscoring investors’ growing focus on critical minerals and mining-related growth.

These index changes, effective before the market opens on 23 March 2026, are likely to trigger portfolio rebalancing by index-tracking funds and ETFs, potentially increasing liquidity and capital access for the new entrants while pressuring demand for the deletions. The shift toward resources, critical minerals, and energy-transition exposures highlights the changing sector dynamics of the Australian equity market and may influence sector weightings in institutional portfolios tied to the S&P/ASX benchmarks.

The most recent analyst rating on (AU:CXL) stock is a Sell with a A$0.78 price target. To see the full list of analyst forecasts on Calix Ltd. stock, see the AU:CXL Stock Forecast page.

More about Calix Ltd.

S&P Dow Jones Indices is a major global index provider that maintains and rebalances benchmark equity indices, including the S&P/ASX family that tracks leading companies listed on the Australian Securities Exchange across large-, mid-, and small-cap segments. Its index changes can influence fund allocations, passive investment flows, and the visibility of constituent companies for domestic and international investors.

Average Trading Volume: 886,867

Technical Sentiment Signal: Sell

Current Market Cap: A$176.8M

For an in-depth examination of CXL stock, go to TipRanks’ Overview page.