Some funds have very strict rules about the weighting or exposure to a single stock in the fund and as such as the price goes up the stock breaches those percentages which forces them to shed.
given the way MIN had been traveling that seems to be what has happened here in my opinion.
Otherwise there is no logical reason to sell MIN who is operating in an industry with so many tail winds.
Ann: Change in substantial holding, page-3
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Last
$53.92 |
Change
-2.000(3.58%) |
Mkt cap ! $10.56B | |||
| Open | High | Low | Value | Volume |
| $55.69 | $55.75 | $53.92 | $70.45M | 1.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2257 | $53.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $54.20 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MIN (ASX) Chart |