Just a quarterly rebalance of the index. Happens 4 times a year. scg only leave the s&p/asx20 but still remain in the s&p/asx50,100, 200, 300 etc. Companies are added or removed quarterly. Happens every year. Investment funds, fund managers etc have mandates. Some wishing to track a certain index will buy a companies shares in that index so as a company drops out of the index just means some funds will sell out of that particular share. As a company is added to the index then some funds will buy the shares in that index. No big deal scg still in the other indices i.e. s&p/asx50, s&p/asx100, s&p/asx200, s&p/asx300. Many companies are not even listed in the top 300 yet their share prices sky rocket. So I wouldn't be to concerned about it. scg and vcx still have very good liquidity. Keep in mind there's a lot of overpriced shares on the asx particularly in some of the indices I mentioned yet the shares keep going up. At least both scg and vcx have a lot of room to move up where other shares are just way over priced imo. People looking for value will still come back here.
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Just a quarterly rebalance of the index. Happens 4 times a year....
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