If its market Cap falls below a point which takes it out of an MSCI world index it'll eventually result in forced selling from a range of ETFs as it's no longer within their mandate. Given ETFs are now such a big portion of the market that's potentially a very meaningful amount of volume.
I care insofar as it may result in a large overshoot on the downside as the ETFs progressively need to sell down. I'm still sitting at a third-half of a position waiting for this downside trend to play out.
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- SP dropping below $4.00 hurts
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$2.23

SP dropping below $4.00 hurts, page-154
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Last
$2.23 |
Change
0.000(0.00%) |
Mkt cap ! $4.194B |
Open | High | Low | Value | Volume |
$2.24 | $2.24 | $2.21 | $556.6K | 250.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 68049 | $2.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.23 | 46638 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 73309 | 2.220 |
29 | 64102 | 2.210 |
36 | 133627 | 2.200 |
15 | 39767 | 2.190 |
8 | 22968 | 2.180 |
Price($) | Vol. | No. |
---|---|---|
2.230 | 35872 | 10 |
2.240 | 49891 | 12 |
2.250 | 78271 | 14 |
2.260 | 52737 | 8 |
2.270 | 14918 | 3 |
Last trade - 11.31am 01/08/2025 (20 minute delay) ? |
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SPK (ASX) Chart |