MSCI announcement was weeks ago and predictions happen well in advance of that.
A good chunk of the last months volumes will have been index rebal strategies pre-positioning this. Index trackers are the ones that need to buy, index rebal players are funds that try to monetise that event trading in/out and pre-positioning for known liquidity event. Well trodden path30mn shs is $10m worth. Carve that between a few players and it’s not much per player in institutional terms
Additional volume with brokers guaranteeing close price to index trackers too (and being at risk for any price differences it achieved). Brokers (internationals) will be in mkt getting active, then will cross the volume to the buyer post mkt. effectively double prints that volume.
MSCI announcement was weeks ago and predictions happen well in...
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Last
28.0¢ |
Change
0.030(12.0%) |
Mkt cap ! $801.0M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 28.3¢ | 24.5¢ | $7.221M | 26.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 293004 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 820079 | 16 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| STX (ASX) Chart |