** Location tech firm Life360's Australia-listed shares 360.AX LIF.O rise 3.4% to A$22.98, while builder Johns Lyng Group JLG.AX falls 9.3% to A$2.54

** S&P Dow Jones Indices on Friday removed Johns Lyng Group from the benchmark S&P/ASX 200 index .AXJO and added Life360

** JLG biggest loser in the benchmark index, 360 among top gainers

** JLG stock down 32.1% YTD, while 360 up 2.2%

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))