The ASX indices rebalance is announced and Slater remain in the ASX100. I though I understood how that index works but now I'm left scratching my head. Even taking the average for quarter into account (not current) our market cap leaves us about 150 in the list of companies by market cap. There must be greater weight added to investment grade, liquidity and ownership than I previously thought.
This is great news, I wouldn't be surprised to see a big lift today. Perhaps a number prematurely jumped ship who only trade ASX100.
Then again the mongrels still have a stranglehold so anything could happen!
SGH Price at posting:
$2.85 Sentiment: Buy Disclosure: Held
