LHC was mentioned in MF this week in one of their non-subscriber...

LHC was mentioned in MF this week in one of their non-subscriber emails:

"When you hear commentators saying the market went up or down, they are actually referring to an index which aims to measure the average changeacross the companies it tracks. The most well known is the All Ordinaries Index, which consists of the largest 500 companies and is ‘weighted’ as such that the biggest companies have the greatest influence.

For example, the Big 4 banks alone account for about a quarter of the index.Telstra (ASX:TLS) is such a corporate giant that it itself accounts for 5% of what the ‘All Ords’ does.

The change in value of companies like these have a much greater impact on ‘the market’ than a smaller company, like LifeHealthcare (ASX:LHC), say, whose 0.009% weighting meant that its 42%-odd gain over the past 12-months has barely moved the dial."