Ahhhhhh. I think I get it actually. So on rebalancing date, stocks get added/removed to the index. But, that's also the date where the weighting of individual stocks to the index gets recalculated. AJM, due to decrease of price/market cap, likely has a lower weighting now than previously, causing funds who follow the index to sell.
Cheers for your patience!
AJM Chart, page-4556
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 (20min delay)
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.621K | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 121 | 181496973 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 20055545 | 43 |
| Last trade - 15.53pm 04/07/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |
Day chart unavailable