Market Overview

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 (NYSE: 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.


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