Primary Health Care Limited (PRY) Is Yet to See Trading Action on Jan 11

Shares of Primary Health Care Limited (ASX:PRY) closed at 2.57 yesterday. Primary Health Care Limited currently has a total float of 622.18 million shares and on average sees 2.94M shares exchange hands each day. The stock now has a 52-week low of 2.32 and high of 3.9556.

S&P/ASX 200: Directing Asian Economy Growth

CG Watch has recently named Australia as one of the Asian nations with the best corporate governance, which is essential in carrying out national economic growth prospects. The Australian Securities Exchange (ASX) is the perfect reflection of Australia’s thriving national economy.

It includes companies with perfect liquidity like Primary Health Care Limited. The ASX is one of Asia’s leading stock exchanges. As of 2014, it has a market capitalization of A$1.60 trillion with over 2,000 companies listed on it. Its benchmark index is the S&P/ASX 200, which weighs its top 200 stocks on a free-float market capitalization basis.

About the S&P/ASX 200

The S&P/ASX 200 was launched in April 2000, starting at 3,133.30 points. Regardless, it continues from the history of the previous Australian benchmark index, All Ordinaries, which was founded in January 1980. Consequently, the S&P/ASX 200 holds an all-time low of 1,358.50 points, which was recorded in November 1992; and an all-time high of 6,828.70 points, which was posted in November 2007.

The S&P/ASX 200 first touched the 6,000 mark in February 2007 as investors began resorting to safe-haven markets such as the ASX with the looming threat of the 2008 Global Financial Crisis. An ability to transform assets into cash as in case of Primary Health Care Limited was highly appreciated by nervous traders. Australia has always been an ideal market for investors because of its low interest rates and compelling corporate governance. Having low interest rates means that investors can better access capital through loans.

S&P/ASX 200 Composition

The components of the S&P/ASX 200 are reviewed by the Index Committee four times a year, particularly every 16th of March, June, September, and December. The Index Committee is a panel with five members that reviews the companies listed on the ASX, the 200 most active of which are then included in the S&P/ASX 200. Sometimes, depending on several factors such as market capitalization, liquidity, among others, less than 200 companies make it to the S&P/ASX 200. And this is the double reason to be proud for such companies as Primary Health Care Limited.

In the latest review of the S&P/ASX 200, the Index Committee had dropped six companies and had added six new companies on the coveted index.

As a free-float, market-capitalization-weighted index, the S&P/ASX 200 is quarterly adjusted with respect to the stock prices of frequently traded stocks. This means that stocks held by the government, venture capitalists, and the likes are not reviewed by the Index Committee.

The S&P/ASX 200 has various sectors with the financial sector being the largest as it makes up roughly 40% of the index. It makes up almost 80% of the overall market capitalization in Australia. Representing the top 200 stocks on the ASX, the S&P/ASX 200 is a reliable indicator of the Australian economy.

Needless to point out, investing in the ASX is worth considering. With a cheap borrowing environment complemented by a hot equity market, investors can realize their long-term goals by investing in Australia. At a time when the Asian economy is immensely growing, it is just right to bet on Australia’s growth.

More notable recent Primary Health Care Limited (ASX:PRY) news were published by: which released: “Healius share price storms 11% higher on takeover news – Motley Fool Australia” on January 03, 2019, also with their article: “These were the best performing shares on the ASX 200 last week – Motley Fool Australia” published on January 05, 2019, published: “Why the Primary Health Care Limited (ASX:PRY) share price stormed over 7% higher today – Motley Fool Australia” on November 22, 2018. More interesting news about Primary Health Care Limited (ASX:PRY) were released by: and their article: “Primary Health Care Limited (ASX:PRY) share price sinks lower on bearish broker note – Motley Fool Australia” published on November 20, 2018 as well as‘s news article titled: “Why another top broker just upgraded Primary Health Care Limited (ASX:PRY) to “buy” – Motley Fool Australia” with publication date: September 17, 2018.

Primary Health Care Limited provides various services and facilities to general practitioners, radiologists, and other health care providers in Australia. The company has market cap of $1.60 billion. It operates through three divisions: Medical Centres, Pathology, and Imaging. It has a 321.25 P/E ratio. The firm offers diagnostic imaging services, such as general X-ray, point CT scanning, MRI scanning, mammography, bone densitometry, angiography, ultrasound, doppler ultrasound, echocardiography, fluoroscopic screening, OPG, and nuclear medicine services; and medical laboratory and pathology services.