A surge in Xero shares pushed the ASX technology sector up 2.9% despite the Nasdaq falling 1.4% overnight.
Xero included in MSCI index shares are up 11.4 per cent to a record high of $128.12 this morning, with enormous trading volumes.
The company has not released any news but has been added to the latest MSCI Global Standard Indexes.
This means fund managers following that index have to include Xero by 30 November, hence the rush to buy. Xero is the only Australian company to be included in this quarterly re-shuffle. There were no Australian deletions.
- From SMH markets live thread this afternoon.
Hundy soon?, page-48
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Last
$140.49 |
Change
-1.010(0.71%) |
Mkt cap ! $21.44B | |||
| Open | High | Low | Value | Volume |
| $140.84 | $141.10 | $138.58 | $42.75M | 304.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 715 | $140.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $140.49 | 72 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| XRO (ASX) Chart |