Hey mate
The ASX200 is an index of the top 200 Australian companies, ranked by market capitalisation (basically just how much they are worth).
Their market cap. is calculated by the number of shares multiplied by the share price. So, the market cap of a company increases as the share price rises (assuming the number of shares remains constant).
The ASX200 is balanced every quarter to make sure it captures all the recent fluctuations in share prices, and some companies get kicked out, and others get moved in.
When a company gets kicked out or moved in to the index - all the ASX200 ETF trackers must sell those companies that got kicked out, and buy those companies that moved in - which can result in an increased demand for companies that enter the ASX200.
However, this doesn't always happen. Many companies are sold off after entry in to the ASX200. Happens all the time.
Good news overall, but not exactly a reason for getting drunk on Hennessy.
BUT with the movements in the US last night, combined with this little bit of good news, I might take some scared person's shares off their hands this morning at market open. Good to shake the tree a bit...
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$2.16 |
Change
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Mkt cap ! $2.803B |
Open | High | Low | Value | Volume |
$2.14 | $2.20 | $2.12 | $27.01M | 12.55M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 15000 | $2.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.16 | 117293 | 4 |
View Market Depth
No. | Vol. | Price($) |
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2 | 15000 | 2.150 |
11 | 147662 | 2.140 |
7 | 59679 | 2.130 |
20 | 458594 | 2.120 |
16 | 343570 | 2.110 |
Price($) | Vol. | No. |
---|---|---|
2.160 | 117293 | 4 |
2.170 | 411128 | 9 |
2.180 | 184235 | 4 |
2.190 | 284025 | 5 |
2.200 | 347172 | 15 |
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