May see some selling as stocks that are removed from an index tend to be sold by the fund. If your company made it into the ASX200, you would see an increase in buying of your company due to ASX200 passive funds buying your stock to add to their portfolio while selling the stocks they are removed from the list.
In this case, Webjet was just removed from an ASX technology fund list, so not as huge but could have some impact.
Hope this helps
May see some selling as stocks that are removed from an index...
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$7.60 |
Change
-0.020(0.26%) |
Mkt cap ! $2.972B | |||
| Open | High | Low | Value | Volume |
| $7.61 | $7.65 | $7.50 | $12.80M | 1.692M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3992 | $7.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.61 | 500 | 1 |
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| WEB (ASX) Chart |