Skellmax out of top 50

Skellmax Industries is dropping out of the sharemarket's top 50.

The New Zealand Exchange said the rubber products company would be deleted from the NZSX 50 Index on May 2. Its place would be taken by Macquarie Goodman Property Trust which would also be added to the NZSX 50 Portfolio Index and the NZSX MidCap Index at Skellmax's expense. Skellmax will join the NZX SCI Index for smaller companies and Macquarie Goodman will be removed.