"Is it naive..."
Not naive, but perhaps limited or narrow.
Most, if not all, would have known LTR's potential to be included in the ASX100, but each would have their own agenda.
Some might have holdings that would be best dealt with (disposed of to make room for LTR), later rather than sooner and of course, vice versa.
Think we saw some pretty significant movement (100mil shares?), when included in the ASX200.
What I can't get my head around is just why that amount of trade does not move the needle???
But then, the share market like Wall Street, sometimes moves in nefarious ways.
Ann: S&P DJI Announces September 2023 Quarterly Rebalance, page-42
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Last
77.0¢ |
Change
-0.020(2.53%) |
Mkt cap ! $1.867B | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 79.5¢ | 76.5¢ | $7.899M | 10.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 49526 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 386841 | 12 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |