No idea how this will play out with a lot of moving parts in the mix. The recent selling or at least some of it may have been in anticipation of the ASX300 removal. There will be some who only become aware from the announcement today and how they will behave, who knows. Next Friday (17th) expect a boisterous SPCA which from previous experience of similar occcasions can involve large volumes as institutions finalise their positions in light of their benchmarks.
Could be an interesting day and week ahead....
Ann: S&P DJ Indices Announces March Quarterly Rebalance, page-3
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