Also, (and this point has been made on other threads) as at March 20 MDT were removed from the S&P/ASX 200. Along with MDT was TSO (they took a fair hit yesterday as well losing 22% with 20 million shares being traded) were also taken off the ASX 200.
Interestingly, if you take the average trade value of both shares throughout the day (most shares went through late and close to last price) - there was around $1.4m in value of shares traded e.g. (TSO) 20m shares for an average of 0.07c = ~$1,400,000. (MDT) 47m shares for an average of 0.029 = ~$1,375,000. The number of trades was also similar TSO 1076 MDT 1105.
I suspect a Fund had to get out due to their own fund rules and had to rebalance their "portfolios".
Numbers are a good way to find a pattern and I think there is one here between the 2 stocks - it may extend to the other AREIT's as well. I haven't checked any others.
Still it could just be me and my wishful thinking looking for things that aren't there.
Any thoughts?
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