To: The Fix who wrote (8032 ) 3/7/2001 3:19:14 PM From: Scott Mc Read Replies (2) | Respond to of 24899 From today's Globe TSE 300 to add 15 new stocks, dump 10 others DAVE EBNER Wednesday, March 7, 2001 Fifteen stocks will be added to the Toronto Stock Exchange 300 composite this month, replacing a number of issues that no longer meet the inclusion requirements of Canada's benchmark index. The move is part of the annual TSE 300 revision, administered by Standard & Poor's Corp.'s Canadian arm, which has run the TSE 300 since January, 2000, when the TSE handed over the reins to the financial information company. "With a changing market environment, you've got to be able to adjust the index as needed," Glenn Doody, S&P director of Canadian index operations, said yesterday. The changes take effect at the close of trading on March 16. The companies to be added are: CHC Helicopter Corp., Guardian Capital Group Ltd., Hub International Ltd., Itemus Inc., Leon's Furniture Ltd., LionOre Mining International Ltd., Lions Gate Entertainment Corp., Magin Energy Inc., NQL Drilling Tools Inc., Post Energy Corp., Richelieu Hardware Ltd., Storm Energy Inc., Turbo Genset Inc., Velvet Exploration Ltd., and Winpak Ltd. Being added -- or dropped -- can affect a company's share price because mutual funds that match an index's performance will buy and sell stocks to stay in line with the benchmark. Stocks are added and dropped according to a set of rules, based largely on market capitalization. Although 15 stocks are being added, only 10 are being dropped. The other five spaces are open because S&P decided last year to "consolidate" five companies' listings. Air Canada, Bombardier Inc., Canadian Utilities Ltd., Quebecor Inc. and Telus Corp. all have two classes of shares listed in the TSE 300. The 10 stocks to be dropped are: Bema Gold Corp., Call-Net Enterprises Inc., Counsel Corp., Gulfstream Resources Canada Ltd., Nurun Inc., Norsat International Inc., Namibian Minerals Corp., Saskatchewan Wheat Pool and TVX Gold Inc. S&P also plans to adjust the weighting of 20 TSE 300-listed stocks, including Alliance Atlantis Communications Inc., Canadian Tire Ltd. and Rogers Communications Inc. S&P said it would announce weighting details March 14. Nortel Networks Corp. is worth the most on the capitalization-weighted TSE 300, accounting for 12.2 per cent of the index. BCE Inc. is next at 4.3 per cent and Royal Bank of Canada is third with 3.9 per cent.