S&P Dow Jones Indices announced that Algoma Steel Group Inc. (TSX:ASTL) will be removed from the S&P/TSX Composite Index. The company will also be dropped from the S&P/TSX Completion Index and the S&P/TSX Capped Composite Index.
These changes are a result of the quarterly review conducted by S&P Dow Jones Indices. The removal will be effective prior to the open of trading on Monday, June 23, 2025.
Such index changes can affect a company's stock by influencing passive investment flows and its overall market visibility among institutional investors.
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