Findi Ltd (ASX: FND) will be removed from the All Ordinaries and S&P/ASX All Technology Index effective prior to the open of trading on Monday, 23 March 2026. The Findi Ltd index removal forms part of S&P Dow Jones Indices’ routine March quarterly rebalance.
Findi removed from ASX indices in March 2026 quarterly rebalance
S&P Dow Jones Indices announced on 6 March 2026 that Findi Ltd (ASX: FND) would be removed from two key market benchmarks as part of its quarterly review process. The changes take effect before market open on 23 March 2026.
The removal affects Findi’s presence in the All Ordinaries and the S&P/ASX All Technology Index. Findi was one of only two companies removed from the technology index, alongside Kinatico Limited.
Index rebalancing occurs quarterly and reflects changes in market capitalisation, liquidity, and eligibility criteria. This is a mechanical adjustment rather than a commentary on company fundamentals or operational performance.
For passive investment funds that track these indices, the removal triggers automatic portfolio adjustments. Index-tracking exchange-traded funds (ETFs) and managed funds will reduce or eliminate their Findi holdings to maintain benchmark alignment.
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What ASX index removal means for shareholders
Index membership determines which companies are included in benchmark indices that passive funds replicate. When a company is removed, funds tracking those indices must sell their holdings.
The March 2026 quarterly rebalance is based on eligibility assessments conducted by S&P Dow Jones Indices. Companies may be added or removed based on evolving market conditions, not management decisions or business quality.
Key factors driving quarterly index rebalances include:
- Market capitalisation thresholds: Companies must maintain minimum size requirements relative to index constituents
- Liquidity requirements: Trading volume and free float criteria ensure indices remain investable
- Eligibility rules: Sector classification, domicile, and listing requirements determine index qualification
Short-term selling pressure may occur as ETFs and passive funds adjust portfolios to reflect the updated index composition. Long-term investment considerations remain tied to company fundamentals, operational performance, and sector positioning rather than index status.
Broader March 2026 rebalance context
The All Ordinaries saw 45 additions and 35 removals during the March quarterly review, reflecting normal index turnover. The S&P/ASX All Technology Index recorded 2 removals (Findi and Kinatico).
Across the broader S&P/ASX index suite, multiple companies moved between benchmarks. The S&P/ASX 20 saw one addition and one removal, while the S&P/ASX 300 recorded 16 additions and 9 removals.
Quarterly rebalances are a standard feature of index maintenance. Companies regularly transition in and out of indices as market conditions evolve.
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What’s next for Findi investors
Shareholders should monitor company announcements for operational updates independent of index movements. Re-inclusion into indices remains possible if market capitalisation and liquidity criteria are met in future quarterly reviews.
Index status is dynamic. Companies regularly move between benchmarks as their market profile changes. The June 2026 quarterly review will provide the next opportunity for index composition changes.
Investors can access future rebalance announcements through S&P Dow Jones Indices, typically released approximately two weeks before implementation dates.
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