UBS and Macquarie both have HZN as a favourite to enter the ASX200 index on the next rebalance, which occurs on the third Friday of March.
I would expect index-tracking funds will need to acquire 20-40mm shares. Apart from the initial bump as the funds buy these shares, we should also see increased liquidity due to index-arbitrage trading, index-tracking fund dealing, etc.
hzn into asx200
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Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $308.3M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $148.1K | 782.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 1376701 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 286426 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| HZN (ASX) Chart |