As I've said before, I doubt that we will see a major impact from these passive index funds buying up shares. They are very good at avoiding market impact cost
However, index inclusion has now opened us up to investment by large managed funds with market cap with an ASX200 mandate (many of the larger funds have this mandate). I think buying from these guys over the course of the next few months should drive strong returns, as they often by directly on market and benefit from pushing prices up as they purchase shares. Given how undervalued this stock is, the volume from these guys could be very significant
Share Price, page-6855
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Last
$13.33 |
Change
-0.480(3.48%) |
Mkt cap ! $1.703B | |||
| Open | High | Low | Value | Volume |
| $13.82 | $13.91 | $13.32 | $4.989M | 369.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $13.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.41 | 1680 | 2 |
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| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| NEU (ASX) Chart |