When a company is added to the ASX 300 list, its share price can be influenced by several factors. Typically, being added to a major stock index like the ASX 300 can result in increased visibility and credibility for the company among investors. This added attention can attract more buyers, potentially driving up demand for the company's shares and causing its share price to rise.
Additionally, index funds and other investment vehicles that track the ASX 300 would need to purchase shares of the newly added company to match the index composition. This increased demand from these funds can also contribute to an uptick in the company's share price.
However, it's important to note that share price movements are influenced by a multitude of factors, including market sentiment, overall economic conditions, industry trends, company performance, and news. While inclusion in a stock index can have a positive impact on a company's share price, it's not the sole determinant of its movement.
LRS General Discussion, page-13695
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19.5¢ |
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Open | High | Low | Value | Volume |
20.5¢ | 20.5¢ | 19.3¢ | $4.427M | 22.44M |
Buyers (Bids)
No. | Vol. | Price($) |
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34 | 5093087 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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19.5¢ | 372183 | 2 |
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No. | Vol. | Price($) |
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50 | 3556813 | 0.190 |
16 | 2416185 | 0.185 |
14 | 1610383 | 0.180 |
7 | 2199990 | 0.175 |
11 | 2594793 | 0.170 |
Price($) | Vol. | No. |
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0.195 | 800462 | 13 |
0.200 | 885363 | 7 |
0.205 | 3014596 | 9 |
0.210 | 2056560 | 11 |
0.215 | 989596 | 8 |
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