IMU

5.56%

5.7¢ imugene limited

IMUGENE CHART. TA only, page-9074

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stevouk

73 Posts.

34

09/12/21

07:28

Post #: 58175958
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Originally posted by Logarithmic: ↑

After ASX200 inclusion, I see the following needing/wanting to hold sizeable amounts of shares.

Passive (Index) EFT funds
Active fund managers who benchmark against the ASX200 performance and will usually hold a proportion but not necessarily in exact percentage of the index.
Other fund managers, who have a flexibility whether to hold or not.
Super funds, some/most of which have choice options for their members, similar to the three above, namely Indexed, Active or a bucket which comes under various names such as 'Balanced' or 'Growth' and includes proportions of shares, real estate, infrastructure, bonds etc. or 'Australian Shares' which is close to 100% share holding, plus a bit of cash.
Other institutional Investors

My understanding is that the two weeks notice gives funds time accumulate the shares that they need, or to sell shares that have been removed from the index.
Funds do not wait until the 20th to start accumulating.
Most funds would already be accumulating, or will be accumulating in the next two weeks. Others (which have discretion) may wait until days or weeks after the 20th.

My observation (in normal general market conditions) is that share prices rise on the first trading day after inclusion announcement and continue to rise up to and after the effective date.
Sometimes the price does fall due to changed specific market conditions or company news.

On Monday, @davybabyknoted that all shares that were included in the ASX200, fell in price.
https://hotcopper.com.au/posts/58105641/single

From the following chart it can still be seen that there have not been the increases that usually start to occur, although XJO has risen slightly.

It is surprising that the shares that have been removed have held up quite well -'It must be different this time' Why???

Expand

Didn't someone recently post some numbers from when IMU was added to the ASX300 to indicate almost all the additional volume and price rise was on the last trading day before inclusion? Maybe we are in for a repeat.
Last edited by stevouk: 09/12/21

IMU Price at posting: 48.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.7¢		Change 0.003(5.56%)		Mkt cap ! $417.2M

Open	High	Low	Value	Volume
5.5¢	5.8¢	5.2¢	$2.499M	45.00M

Buyers (Bids)

No.	Vol.	Price($)
2	1921794	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	1368288	7

View Market Depth

No.	Vol.	Price($)
5	286362	0.055
9	2036888	0.054
16	2736044	0.053
20	1943436	0.052
23	3206056	0.051

Price($)	Vol.	No.
0.057	378902	2
0.058	1552127	7
0.059	837099	8
0.060	2176188	16
0.061	1163926	6

Last trade - 16.10pm 28/06/2024 (20 minute delay)

IMU (ASX) Chart

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