Belmond Spikes Higher, Stock To Be Added To S&P SmallCap 600 Index

S&P Dow Jones Indices announced on Wednesday a change to its S&P SmallCap 600 Index. Belmond Ltd BEL, a luxury hotel company and adventure travel operator, will be added to the SmallCap 600 index after Friday's market close and will be added to the S&P SmallCap 600 Hotels, Resorts & Cruise Lines Sub-Industry index. Belmond's inclusion in the index will replace UTi Worldwide Inc. following its acquisition by DSV A/S which was approved by shareholders on January 14, 2016. Shares of Belmond were trading higher by more than 6 percent at $8.15 shortly after Thursday's opening bell.