Don't confuse 'Instos' as those participating in standard trading volume or elevated broker volume off the back of an ASX / price sensitive announcement. Unless there is a substantial shareholder notice or confirmation from a fund manager taking a position, it remains speculation. Instos are unlikely to be active or have a mandate to trade DXB given its only Index representation is the All Ords and S&P/ASX 200 Health Care (XHJ). If DXB transitions to become an ASX300 inclusion / S&P/ASX Small Ordinaries (XSO), broader broker coverage is still unlikely to be taken by larger broking houses, apart from DXBs house broker. Broker mandates via 'Insto' clients (fund managers) might then see an increase off the back of Index weighting and existing specialist S&P/ASX 200 Health Care (XHJ) fund managers taking positions.
DXB Price at posting:
69.5¢ Sentiment: Hold Disclosure: Held
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